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China Life has been approved to establish a branch in chongqing.
AIA (01299.HK) announced that after obtaining approval to establish branches in Anhui and Shandong, AIA China has been approved by the Chongqing Regulatory Bureau of the National Financial Supervisory Authority to establish a branch in Chongqing. AIA Insurance CEO and President Lee Yuanxiang expressed delight in obtaining regulatory approval to expand operations to Chongqing. It is expected that the group's business will enter 13 provinces and municipalities directly under the central government in mainland China, covering millions of middle-class families. In the future, they will focus on introducing AIA Insurance's unique model into Chongqing and contribute to the continuous development of the mainland life insurance industry. AIA China's Chongqing branch will begin operations after obtaining final regulatory approval.
The Hang Seng Research raised the target price of Prudential (01299.HK) to 98 yuan, and the target price of Ping An Insurance (02378.HK) was adjusted to 121 yuan.
HSBC Research report states that AIA (01299.HK) and Pru (02378.HK) have not yet received the expected rewards in terms of their new business value recovery, as the speed and intensity of other indicators' improvement do not meet expectations. However, with the introduction of an attractive capital return policy in the first half of 2024, it is expected that most key indicators should now begin to grow synchronously. The bank expects AIA to achieve the following average annual growth rates for key indicators from 2023 to 2026: new business value 17%, embedded value (EV) per share 11%, post-tax operational profit per share 11%, earnings per share 8%.
11th November Buyback Collection | HSBC Holdings, AIA and others have successively repurchased shares, with HSBC Holdings spending 0.285 billion Hong Kong dollars.
According to documents disclosed by hkex on November 12, hsbc holdings (00005.HK) and aia (01299.HK) repurchased shares. ① HSBC Holdings (00005.HK) repurchased 3.9728 million shares of common stock on November 8, involving 0.285 billion Hong Kong dollars, with a repurchase price per share ranging from 72.15 Hong Kong dollars to 71.65 Hong Kong dollars. ② AIA (01299.HK) repurchased 1.0258 million shares of common stock on November 11, involving 62.0297 million Hong Kong dollars, with a repurchase price per share ranging from 60.
Selected Announcement | leapmotor Q3 revenue increased by 74.3% year-on-year to 9.86 billion yuan; q tech October camera module sales increased by over 10%
① china life insurance's original premium income exceeded 620 billion yuan this year, what is the growth rate? ② q tech's camera module sales in October increased by over 10%, what highlights are there in other business?
Express News | Hong Kong Stock Exchange: On November 11, AIA Group bought back 1 million shares of stocks for 62 million Hong Kong dollars.
AIA (01299) spent HK$62.0297 million to repurchase 1.0258 million shares on November 11th.
AIA (01299) announced that it will spend HK$62.0297 million to repurchase...
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