129773984747031250_17Performance regression 2.9% IC for last year, but China Pacific executives at yesterday's results briefing was also of great energy, and Pacific energy source, is more than 18 billion worth of capital at its disposal. China Pacific said yesterday, the current capital sufficient to support this year's business development, will not consider financing plans in the near future. "Solvency remains counterparts higher level, business development on the capital increase is not very urgent requirements in the future. To date, China Pacific does not share issuance program. "Gao Guofu, Chairman of Pacific said. For $ 4.2 billion recently took over the Shanghai Pudong Development Bank (micro-blogging) stake, according to Gao Guofu financial investment. In terms of investment, China General Manager Yu Yeming Pacific asset management, said that theYear Pacific equity assets ratio is controlled, adopting a defensive strategy, and to configure new money more assets on a regular basis, raise the level of interest on all assets. The replenishment request is not urgent China Turbo than the results report, the report shows, Turbo to achieve net profit attributable to the parent company shareholders $ 8.313 billion last year, and earnings per share of 0.9 Yuan, twoIndex up down 2.. At the same time
tera gold, the 2011 cash surrender value for 9.588 billion yuan, an increase of 113.6%. Faced with a series of negative data, China Pacific executives results conference yesterday still looks very emboldened, "food in their hands, do not panic" is the China Pacific is well reflected. At the end of 2011, China tooSolvency ratio 2 8, Pacific property insurance 233%, life insurance for 187%, is higher than that of China insurance regulatory Commission 150% regulatory requirements. China Pacific said yesterday that the current capital sufficient to support business development this year, will not consider financing plans in the near future. Gao Guofu also said that due to the high solvency maintained peer level, future business developments on capital increaseRequest is not urgent. To date, China Pacific does not share issuance program. Gao Guofu, by issuing a shares and h shares of the company for a total of more than 50 billion yuan. Trojan to Pacific life insurance, capital increase and $ 25.6 billion, to Pacific property capital increase of 15 billion dollars, and at the end of 2011, Pacific life insurance arrangements to issue $ 8 billion debt, listing to raise money for fillingReal capital of the insurance business, and there are more than 18 billion worth of capital on hand, short-term no capital increase plan. Gao Guofu, insurance regulatory Commission wants insurance companies to innovative means to achieve domestic capital added that Pacific capital increase programmes in the future there will be more choices. In the insurance industry, the second largest life insurance company in China ping an of China (micro-blogging) has been to issue 260Million convertible bond programme, and hoped that can be completed in the third quarter. Into the Shanghai Pudong Development Bank is asset configuration relay protection, peace, Kunihisa outside insurance companies buying Bank shares, China Pacific joined the ranks. On March 20, the Citi Bank through big deals were sold at 2.714% stake in Shanghai Pudong Development Bank, 506 million shares, China Pacific and its asset managementSecretary to 4.216 billion buying Consortium. This deal yesterday by the Chinese Pacific as "non-strategic holdings". Gao Guofu, the company insurance is the main industry, Pacific recently affected by Shanghai Pudong Development Bank stake in Citigroup sold, only part of the company's asset allocation, the company insurance is the main industry, whether previously unlisted Bank of Pacific investment unit, is also the Shanghai Pudong Development Bank, Is a financial investment. Annual report data displays, 2011 Pacific asset seize the opportunities of interest cycle, increase the intensity of fixed income asset allocation, 2011 end of fixed income assets accounting for more than 85., at the end of last year to improve 2.9%, added $ 87.1 billion in fixed income assets, key configuration to higher-yielding agreement deposit, silverSubordinated debt and debt investment plans. For this year's investment strategy, said Yu Yeming, 2012 the domestic economy is in a slowdown, liquidity has improved, but the internal environment and uncertainty about exports, consumption, external environment, European crisis still exists. Yu Yeming said Pacific on equity assets this year will carry out control, in a State of Defense. ThusTo configure new money more assets on a regular basis, raise the level of interest on all assets. Increased surrender from the significant contraction in interest-2011 Pacific channel of banking and insurance in China. According to the banking and insurance premium income fell sharply below the percentage 50%
tera power leveling, new single premium income ratio fell to 68.. Share on new channels to 0.. In2010 new premium incomes are still vested in the individual distribution channels, but in 2011 than access to separate listed. Annual report according to the 2011 cash surrender value 9.588 billion yuan, an increase of 113.6%, company mainly because of higher interest rates caused by banking and insurance products increased surrender. China Pacific life insurance President and General ManagerXu Jinghui said yesterday that banks and insurance sales in the fourth quarter after surrender marked improvement, will continue to improve sales and service sectors. Xu Jinghui, banks and insurance companies sell surrender problem is caused by the rhythm of business development, surrender will not be a significant change is expected this year, remained at normal levels. Surrender is also in accordance with comprehensive sales misleading request, raising concerns about sales and services, fromConstantly improve and enhance. Challenges face pressure for China Pacific life insurance cost control, cost control face a lot of pressure this year. Some brokers considered that
tera power leveling, for purposes of life insurance business, China Pacific pay expenditure declined slightly this year, but the growth has been the trend of expenditures; for property insurance companies, cost control is still achieved good results,Spending up but for payment is already irreversible. Brokers noted that performance because of the substantial decline in Pacific life insurance in addition to the sharp drop in investment income in addition to surrender payments and other expenses has prompted increased costs. For the insurance business, 2011 consolidated loss ratio of 58.6%, up from 1.2% last year, comprehensive cost rate is lower than a year earlier and 0.6% per cent, but over the medium term, the 91.1% increase slightly. (Liang Xiaochan) Southern Reporter Liang Xiaochan
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