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AUDITED ACCOUNTS AS AT 31 DECEMBER 2024
Hong Kong Stock Morning Report｜Two major insurance companies subscribed to the 2nd phase Fund of 20 billion yuan. The Hong Kong Stock Exchange has already contacted some companies regarding the "return of Chinese concept stocks."
① Two major insurance companies subscribed to 20 billion yuan for the Honghu Phase II Fund. ② The Hong Kong Stock Exchange has contacted some companies regarding the "return of Chinese concept stocks." ③ Li Yunzhe met with the President of the Hong Kong Monetary Authority, Eddie Yue Wai-man. ④ Tencent announced a restructuring of its mixed Yuan model research and increased investment in AI.
New China Life Insurance disclosed its first quarterly report: investment income becomes a highlight again, and the second phase of the Honghu project is on standby.
Premium growth is significant.
20 billion in insurance capital "fresh water" is coming! New China Life Insurance and China Life Insurance plan to each invest 10 billion yuan to subscribe to the second phase of the Honghu Fund.
① New China Life Insurance and China Life Insurance plan to each invest 10 billion yuan to subscribe to private equity fund shares; ② over 10 billion new long-term funds are expected to enter the stock market in the near future; ③ a total of 8 insurance companies have been approved to participate in the pilot program, with a total scale reaching 162 billion yuan.
China CITIC Bank Corporation: In the first quarter of 2025, the Net income was 19.509 billion yuan, an increase of 1.66% year-on-year.
Interpretations of China CITIC Bank Corporation's Q1 2025 financial report: Key points summary on seeking transformation and upgrading amidst steady growth. Financial performance is stable: In the first quarter, net income attributable to Shareholders achieved...
China Construction Bank Corporation: In the first quarter of 2025, Net income slightly decreased by 3.64%, with Technology finance and green development becoming the highlights.
China Construction Bank Corporation's performance analysis for the first quarter of 2025: stable operation facing a slight decrease in profits, with Technology finance and green development as highlights. Key points of performance: net income for the first quarter was 83.742 billion yuan, a year-on-year decrease of 3.64%; net income attributable to shareholders was 83.351 billion yuan, a year-on-year decrease of 3.99%. Asset scale: total assets reached 42.79 trillion yuan, an increase of 5.48% compared to the end of last year; total loans were 27.02 trillion yuan, an increase of 4.55%. Asset quality: non-performing loan rate at 1.33%, a decrease of 0.01 percentage points compared to the end of the year; provision coverage ratio at 236.81%, an increase of 3.21 percentage points.