Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Tax / Cover Story: China’s tax system gets a digital upgrade</li><li>Investment banking /: Investment banker Bao Fan is aiding an investigation, China Renaissance says</li><li>Corruption /: Ex-provincial vice governor indicted for bribery, leaking insider information</li></ul>

Tax / Cover Story: China’s tax system gets a digital upgradeInvestment banking /: Investment banker Bao Fan is aiding an investigation, China Renaissance saysCorruption /: Ex-provincial vice governor indicted for bribery, leaking insider information

CX Daily: China’s Tax System Gets a Digital Upgrade

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul><li>The 2023 jumpstart performance YTD of Chinese life insurers are divergent according to our channel check.</li><li>While most insurance companies continued suffering from new business declines given the weaker-than-expected pre-sale performance amid COVID outbreaks in Dec 2022, China Life recorded a decent FYP growth thanks to its early launch of pre-sale since Oct 2022.</li><li>We also note that the NBV momentum of CPIC and Ping An elevated substantially since midJan 2023, driven by: 1) enhanced agent productivity on the back of proactive agency reform and 2) consistent strong demands for savings products. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The 2023 jumpstart performance YTD of Chinese life insurers are divergent according to our channel check.While most insurance companies continued suffering from new business declines given the weaker-than-expected pre-sale performance amid COVID outbreaks in Dec 2022, China Life recorded a decent FYP growth thanks to its early launch of pre-sale since Oct 2022.We also note that the NBV momentum of CPIC and Ping An elevated substantially since midJan 2023, driven by: 1) enhanced agent productivity on the back of proactive agency reform and 2) consistent strong demands for savings products. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Insurance – Divergent jumpstart performance among life insurers

<ul><li><p>In Depth: Cosco alters course in the face of shipping headwinds.</p></li><li><p>China plans to put nuclear-powered base on the moon by 2028.</p></li><li><p>China’s ‘Big Six’ state banks offer developers $130 billion in credit lines.</p></li></ul>

In Depth: Cosco alters course in the face of shipping headwinds.China plans to put nuclear-powered base on the moon by 2028.China’s ‘Big Six’ state banks offer developers $130 billion in credit lines.

CX Daily: Cosco Alters Course in the Face of Shipping Headwinds

<div><div><div><div><ul><li>Major listed insurers reported August premiums data, showing that P&amp;C premium income growth remained strong in August.</li><li>Our channel check suggests that life insurers’ new business momentum diverged in July-August.</li><li>Thanks to the turnaround in core agency scale on the back of proactive channel reform, CPIC’s agency FYP YoY growth turned positive in July-August, up from the double-digit decline in 1H22.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div></div></div></div>

Major listed insurers reported August premiums data, showing that P&amp;C premium income growth remained strong in August.Our channel check suggests that life insurers’ new business momentum diverged in July-August.Thanks to the turnaround in core agency scale on the back of proactive channel reform, CPIC’s agency FYP YoY growth turned positive in July-August, up from the double-digit decline in 1H22.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Financials Weekly – CPIC agency FYP growth picked up in Jul-Aug

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<p>In Depth: How a state insurance boss got a cache of gold bars. </p>
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<p>Jiangsu plans to set up an investigation team to look into the case of a mother of eight who was found shackled to the wall of a shed and is suspected of being trafficked.</p>
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<p>Global investors reveal China stocks they picked and ditched. Some of the world’s top institutional investors have been disclosing the U.S.-listed Chinese stocks they bought, sold and held.</p>
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In Depth: How a state insurance boss got a cache of gold bars. 


Jiangsu plans to set up an investigation team to look into the case of a mother of eight who was found shackled to the wall of a shed and is suspected of being trafficked.


Global investors reveal China stocks they picked and ditched. Some of the world’s top institutional investors have been disclosing the U.S.-listed Chinese stocks they bought, sold and held.



CX Daily: How a State Insurance Boss Got a Cache of Gold Bars

Hong Kong

China Taiping Insurance Holdings Co., Ltd. is an investment holding company primarily engaged in life insurance, property and casualty insurance, and reinsurance businesses. It also provides asset management, financial leasing, and elderly care investment services. The company's origins trace back to 1929 in Shanghai, and its management headquarters are located in Hong Kong.

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China Taiping (966 HK)

CX Daily: China’s Tax System Gets a Digital Upgrade

Tax / Cover Story: China’s tax system gets a digital upgrade Investment banking /: Investment banker Bao Fan is aiding an investigation, China...

Caixin Global

China Insurance – Divergent jumpstart performance among life insurers

The 2023 jumpstart performance YTD of Chinese life insurers are divergent according to our channel check.While most insurance companies continued...

CMB International

CX Daily: Cosco Alters Course in the Face of Shipping Headwinds

In Depth: Cosco alters course in the face of shipping headwinds. China plans to put nuclear-powered base on the moon by 2028.

Caixin Global

China Financials Weekly – CPIC agency FYP growth picked up in Jul-Aug

Thanks to the turnaround in core agency scale on the back of proactive channel reform, CPIC’s agency FYP YoY growth turned positive in July-August

CMB International

CX Daily: How a State Insurance Boss Got a Cache of Gold Bars

In Depth: How a state insurance boss got a cache of gold bars. Jiangsu plans to set up an investigation team to look into the case of a mother of...

Caixin Global

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