06963 SUNSHINE INS
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SUNSHINE INS News
National Financial Supervisory Administration: The transition period for the insurance company's solvency regulatory rules has been extended until the end of next year.
The National Financial Supervision and Administration Bureau announced that it has decided to extend the transitional period for the solvency regulatory rules (II) for insurance companies, originally set to end this year, until the end of next year. Among them, insurance companies that are significantly affected by the switch between the old and new rules regarding solvency adequacy ratios may communicate with the Financial Supervision Bureau and dispatched institutions about the transitional policy before January 15 next year. The Financial Supervision Bureau will determine the transitional period policy for each company by the end of February next year. The transitional period policy already enjoyed by a single insurance company will, in principle, not be better than the policy enjoyed by the insurance company in the last year of its original transitional period.
Hong Kong stock early report on December 19: The hawkish Federal Reserve caused U.S. stocks to fall. IDREAMSKY has reached a cooperation with the Game Platform under Saudi Telecom Company (STC).
① Shenzhen established an AI industry Fund. ② The Federal Reserve lowered interest rates by 25 basis points as expected, with only two rate cuts anticipated in 2025. ③ The Hong Kong Securities and Futures Commission granted licenses to virtual Asset Trade platforms under an expedited licensing process. ④ The USA Biodefense Act was not included in the CR bill.
Sunshine Insurance Group Logs 120.9 Billion Yuan in 11-Month Premium Income
Express News | SUNSHINE INS: In the first 11 months, SUNSHINE LIFE INSURANCE had premium income from original insurance contracts of 77.089 billion yuan, a year-on-year increase of 12.6%.
From January to November, SUNSHINE INS (06963.HK) achieved a premium income of 120.918 billion yuan.
Gelonghui reported on December 18 that SUNSHINE INS (06963.HK) announced that from January to November 2024, the premium income from original insurance contracts of its subsidiaries, SUNSHINE Property Insurance Co., Ltd. and SUNSHINE Life Insurance Co., Ltd., amounted to RMB 43.82889 billion and RMB 77.08914 billion respectively, totaling RMB 120.918 billion.
BOCOM INTL: The mainland personal Retirement fund system is further optimized, looking forward to "long-term money for long-term investment."
BOCOM INTL released a research report indicating that the individual Retirement pension system in mainland China has been further optimized, with the implementation range expanded from pilot cities to nationwide and the product range broadened to include national bonds and Indices Funds. BOCOM INTL stated that the number of individual Retirement pension account holders in mainland China has surpassed 70 million, which is basically equivalent to the scale of the taxpayer population, thus necessitating the further expansion of coverage to the entire country. The inclusion of national bonds and Indices Funds as optional products will further enrich investment choices. Allocating individual Retirement pension funds to Indices Funds is expected to bring incremental long-term capital to the stock market. From international experience, pensions serve as long-term capital.
SUNSHINE INS (06963.HK): Nominated Dong Bin as an independent non-executive director candidate.
Gelonghui, December 12 - SUNSHINE INS (06963.HK) announced that the company received the resignation letter from independent non-executive director Liu Zhanqing on December 10, 2024. Since Liu Zhanqing has served as the company's independent non-executive director for six consecutive years, according to relevant regulatory provisions in China, Liu Zhanqing submitted his resignation from the positions of independent non-executive director, chairman of the Board of Directors' Nomination and Remuneration Committee, and member of the Board of Directors' Related Party Transactions Control Committee. The Board of Directors held a meeting on December 12, 2024, to discuss and approve the proposal on nominating candidates for the sixth Board of Directors, nominating Dong Bin as a candidate for the company's sixth...
Insurance stocks collectively rose, with new china life insurance (01336) increasing by 4.55%. Institutions expect the interest spread pressure on insurance companies to gradually ease under regulatory guidance.
Jinwu Financial News | Insurance stocks have collectively risen, with New China Life Insurance (01336) up 4.55%, ZA Online (06060) up 4.07%, China Pacific Insurance (02601) up 3.83%, China Life Insurance (02628) up 2.8%, Sunshine Ins (06963) up 2.53%, and Ping An Insurance (02318) up 2.52%. Soochow believes that the current market demand for savings remains strong, and under the ongoing regulatory guidance encouraging insurance companies to reduce liability costs, the pressure on insurance companies' interest spread is expected to gradually ease. Recently, the yield on ten-year government bonds has fallen to around 1.96%.
Due to the refusal to insure new energy taxi commercial insurance, the gansu Financial Supervision Bureau has interviewed some property insurance companies within its jurisdiction.
The china government website has released a message indicating that some residents of Guanghe County in gansu province have reported through the State Council's "Internet + Supervision" platform that the People's Insurance Company of china Guanghe County branch and Ping An Insurance Guanghe County marketing department only provide mandatory traffic accident insurance for their new energy taxis and do not offer commercial insurance, resulting in some of the company's vehicles being unable to purchase commercial insurance. After receiving the message, the State Office's Supervision Room conducted a preliminary verification and transferred it to the gansu provincial government for investigation. Upon investigation, it was confirmed that the issue raised by the messenger was true. After urging, the relevant vehicles of the messenger's company successfully purchased commercial insurance. The gansu regulatory bureau of the National Financial Supervision and Administration has interviewed some property insurance com
Fitch: The outlook for China's insurance industry next year is "neutral".
Fitch Ratings stated that the outlook for china's insurance industry's prospects next year is "neutral", believing that life insurance companies are focusing on quality growth and solvency through cautious investment strategies, while non-life insurance companies are focusing on efficiency and cost control. Fitch's industry outlook for china's life insurance companies is "neutral", considering factors such as slowing premium growth, robust solvency conditions, more selective investment strategies, and the industry's continued focus on quality growth. Fitch believes that china's life insurance companies will continue to commit to value-oriented sales and optimize their product structures. Although the attractiveness of traditional products may decline due to falling roi.
Announcement Highlights | Xiaomi's Q3 revenue is 92.507 billion yuan, a year-on-year increase of 30.5%; Trip.com Group's Q3 net income is 6.765 billion yuan, a year-on-year increase of over 46%.
① In the first ten months, sunshine ins had premium income exceeding 110 billion yuan, how is the business growth? ② Yankuang energy acquired 100% equity of Zhimining railroads, what is the transaction price?
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
Sunshine Insurance Units Log 114.1 Billion Yuan in 10-Month Premium Income
Sunshine Insurance's original premium income reached 114.059 billion yuan from January to October.
Sunshine ins (06963.HK) announced that from January to October 2024, the original insurance contract premium income of its subsidiaries Sunshine Property Insurance Co., Ltd. and Sunshine Life Insurance Co., Ltd. was RMB 40.094 billion and RMB 73.966 billion, totaling RMB 114.059 billion.
Mainland insurance companies listed in Hong Kong retreated, with new china life insurance falling over 4%.
November 8th, Grindi news: New China Life Insurance fell by more than 4%, Sunshine Insurance fell by more than 3%, Ping An Insurance, China Life Insurance, China Taiping, and others all declined.
Legend Holdings to Dispose Equity Interests in Subsidiary
Announcement Selection | CNOOC's net income in the first three quarters exceeded 116.6 billion yuan, a year-on-year increase of 19.5%; wuxi apptec orders in hand increased by more than 30% year-on-year.
①CNOOC's net income exceeded 110 billion yuan in the first 9 months, how fast is the growth? ②How is the profit performance of WuXi AppTec's year-on-year growth in hand orders?
Sunshine ins (06963): Sunshine Property Insurance achieved a net income of 0.911 billion yuan in the first three quarters.
Sunshine ins (06963) released unaudited financial numbers for the nine months ended September 30, 2024...
SUNSHINE INS: ANNOUNCEMENTTHE MAIN INDICATORS OF SOLVENCY ANDOTHER INDICATORS OF SUBSIDIARIES FORTHE THIRD QUARTER OF 2024
SUNSHINE INS: ANNOUNCEMENTUNAUDITED FINANCIAL DATA AND SOLVENCY STATEMENT OFSUNSHINE P&C FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024
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