China’s insurers will benefit more than banks as “accelerating” inflation pushes bond yields higher and lending growth slows, according to Morgan Stanley.
“We don’t think there’s a massive inflation problem in China, but we’re definitely in a period of accelerating inflation,” said Jonathan Garner, Morgan Stanley’s emerging markets strategist. “The insurance companies tend to be more [...]
China Construction Bank (CCB) will buy the entire 50 percent stake held by Dutch financial conglomerate ING Groep NV in Pacific Antai Life Insurance Co, to further expand its presence in the insurance sector.
The acquisition will expand CCB’s customer base and also help it to integrate its banking and insurance businesses, the bank said in [...]
China’s life insurance companies saw their premium income jump by 48.52 percent year-on-year to 64.2 billion yuan ($9.4 billion) in November marking the largest increase this year, the industry regulator said at the weekend.
According to statistics from the China Insurance Regulatory Commission (CIRC), the premium income of China Life, Ping An and China Pacific Life [...]
Ping An Insurance (Group) Co, China’s second largest insurer, said it would extend the deadline for the planned acquisition of Shenzhen Development Bank Co shares from Newbridge Capital LLC to April 30 from Dec 31.
The insurer may further extend the deadline by 180 days beyond April 30, according to a filing to the Shanghai exchange.
Ping [...]
Premium of China’s insurance companies hit 1.02 trillion yuan (149.6 billion U.S. dollars) in the first 11 months of this year, up 11.65 percent from a year earlier, according to the China Insurance Regulatory Commission Thursday.
The year would be the first year that China’s insurance premiums exceeded 1 trillion yuan, data from the commission showed.
From [...]
South African health insurance firm Discovery Holdings Ltd buys up to 25 percent of shares of China Ping An’s health insurance sector in a move to tap the fast-expanding market in China.
Ping An Insurance (Group) Company of China, Ltd said on its website Tuesday that Discovery purchased no more than 24.99 percent of equities of [...]
