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27.03.26 - 05:30
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China P&C Insurance Appoints Party Secretary (AAStocks)
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China P&C Insurance (02328.HK) announced the appointment of Vice President Zhang Daoming as the Secretary of the Communist Party Committee of People's Insurance Company of China Limited. (ca/da)~AASTOCKS Financial NewsWebsite: www.aastocks.com...
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27.03.26 - 04:00
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Research: BofAS Trims PICC GROUP TP to HKD7.5, Reiterates Buy Rating (AAStocks)
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PICC GROUP (01339.HK) met expectations with its 2025 results, with DPS growth surpassing EPS, BofA Securities said in its report. The net profit for FY25 reached RMB46.2 billion, marking a 10% YoY rise, thanks to strong investment income. Although there were concerns about reduced investment income and underwriting losses in 4Q2......
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27.01.26 - 08:15
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Research: CICC Ratings, TPs on CN Insurers (Table) (AAStocks)
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Shares | Ratings | Target prices (HK$)PING AN(02318.HK) | Outperform | 99.4 CHINA LIFE(02628.HK) | Outperform | 44.5 CPIC(02601.HK) | Outperform | 54.4 NCI(01336.HK) | Outperform | 56.9 CHINA TAIPING(00966.HK) | Outperform | 33.1 PICC GROUP(01339.HK) | Outperform | 8.85 PICC P&C(02328.HK) | Outperform | 19.1 ZA ONLINE(06060.......
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02.12.25 - 09:15
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Research: Citi: PICC P&C's Biz Operations & Outlook Still Solid (AAStocks)
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Yu Ze, a member of the Party Committee and Vice President of PICC GROUP (01339.HK), and the Party Secretary and President of PICC P&C (02328.HK), has gone missing and is suspected to be under investigation, Chinese media reported. No official announcement has been made yet.Citi believes that the investigation against Yu will......
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02.12.25 - 02:45
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PICC P&C President Yu Ze Suspected to be Taken for Investigation: Report (AAStocks)
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Yu Ze, a member of the Party Committee and Vice President of PICC GROUP (01339.HK), as well as the Party Secretary and President of PICC P&C (02328.HK), is missing and suspected to have been taken for investigation, Chinese media reported, citing sources. No official announcement has been made yet.~AASTOCKS Financial NewsWeb......
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18.07.25 - 17:12
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AM Best Revises Outlooks to Positive for The People′s Insurance Company of China (Hong Kong), Limited (Business Wire)
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HONG KONG--(BUSINESS WIRE)--#insurance--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The People's Insurance Company of China (Hong Kong), Limited (PICC HK) (Hong Kong).
The Credit Ratings (ratings) reflect PICC HK's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the strategic importance of the company to its parent, The People's Insurance Company (Group) of China Limited (PICC Group) (China). As the sole overseas insurance entity and a key component of PICC Group's overseas strategies, PICC HK receives implicit and explicit support from the parent, including business development, management personnel and financial support.
The revision of the outlooks to positive from stable reflects continued improvement in PI...
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