ZhongAn Online P & C Insurance (SEHK:6060) Reports Strong Premiums Despite Earnings Decline
AM Best Affirms Credit Ratings of ZhongAn Online P & C Insurance Co., Ltd.
za online (06060) MSCI ESG rating steadily upgraded to BBB level
Recently, the international authoritative rating institutions morgan stanley capital international company (referred to as 'Mingsheng' in Chinese and 'MSCI' in English) publicly released the latest annual environmental, social, and governance rating results.
Hong Kong stock market anomaly | za online (06060) rose more than 6%, with a 10.93% year-on-year increase in original premium income in the first nine months. The investment income outlook is expected to improve significantly.
za online (06060) rose more than 6%, as of the deadline for submission, it rose by 6.11%, closing at 15.62 Hong Kong dollars, with a turnover of 95.1884 million Hong Kong dollars.
Eddie Yue from the HKMA: The development pace of virtual banks is healthy, and policy objectives have been achieved.
The virtual banks have officially been renamed as digital banks. Ruan Guoheng, Deputy Director of the Hong Kong Monetary Authority, stated that as of June this year, the total number of customers, deposits, loans, and operating income of digital banks have been steadily increasing. Although none of the 8 digital banks have achieved a balanced budget for the year, the overall pace of development is healthy, indicating that the authorities' policy goals have been achieved. When asked about rumors in the market that individual digital banks may change hands or be on the ask list, he emphasized that at the time of application, the shareholders of each digital bank had promised to adhere to the principle of long-term operation, believing that it would not be easy for them to exit or engage in license transactions. Currently, there is no intention to issue new licenses, but the authorities will allow individual digital banks to introduce new shareholders. He also mentioned that
Zhongan online (06060.HK) achieved a third-quarter net profit of 0.467 billion RMB.
Zhongan Online (06060.HK) announced that as of the end of September, its comprehensive solvency adequacy ratio was 224.69%, and its core solvency adequacy ratio was 217.17%. The insurance business income for the third quarter ending in September was approximately 10.26 billion RMB, and the net profit was approximately 0.467 billion RMB.