www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

PICC backs off Shanghai listing, awaits 'appropriate timing'

By Hu Yuanyuan (China Daily) Updated: 2014-04-01 07:26

PICC backs off Shanghai listing, awaits 'appropriate timing'

Local residents pass a branch of PICC in Nanjing, Jiangsu province. Zhen Huai / For China Daily 

Insurer has funds to support all subsidiaries, chairman says

People's Insurance Co (Group) of China, one of the nation's largest insurers, probably will suspend its listing plan on the Shanghai stock exchange this year, according to the group's chairman, Wu Yan.

"We think PICC Group should be more strategic in arranging the listing plan at home," Wu said in an exclusive interview with China Daily while attending the two sessions in mid-March.

The company usually considers a listing when it needs money to fuel its development, according to Wu.

PICC backs off Shanghai listing, awaits 'appropriate timing'

Jaguar Land Rover taps provider for warranties?

PICC backs off Shanghai listing, awaits 'appropriate timing'

China to insure elderly homes

"So far, we still have enough money to support the business expansion of all of our subsidiaries," said Wu. "Moreover, we should also consider our listing's possible impact on an already sluggish market."

In 2012, PICC Group submitted an application to the China Securities Regulatory Commission to float A-shares in Shanghai.

"We're still waiting for the feedback from the regulator and seeking appropriate timing," said Sheng Hetai, assistant to the president of PICC Group.

As of March 20, a total of 685 candidates were waiting to issue shares, with 170 scheduled for a Shanghai listing and the remaining 515 standing in line in Shenzhen, industry statistics showed.

It may take the industry watchdog one to two years to finish reviewing them all, industry analysts estimated. The candidate list ballooned during an IPO suspension from November 2013 to January 2014, when the regulator prepared for reform that strengthened information disclosure and oversight of investment banks.

And the regulator is encouraging candidates for initial public offerings to shift to the over-the-counter market to avoid a prolonged wait.

PICC Group went public in Hong Kong in late 2012 and raised about HK$24 billion ($3.09 billion) in the city's biggest IPO that year.

The group's net profit grew 18.8 percent year-on-year to 12 billion yuan ($1.93 billion) in 2013, thanks to the fast-growing premium income and improved investment returns, it said in a filing with the Hong Kong Stock Exchange late Friday.

The gross premium income of the group rose 15.5 percent year-on-year to 306 billion yuan, 4.3 percentage points above the industry's average.

And the company's investment yield jumped 49.9 percent on a yearly basis to 30.8 billion yuan.

The rate of return on investment stood at 5.2 percent, also beating the industry's average, according to its statement.

The impressive increase in investment income was partly due to the group's investment in Industrial Bank Co Ltd in 2012, according to Wang Jiachun, chief economist with PICC Asset Management Co Ltd.

PICC backs off Shanghai listing, awaits 'appropriate timing'

Insurance giant's net profit up 40%?

PICC backs off Shanghai listing, awaits 'appropriate timing'

Profit outlook brightens?on new business?

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 午夜影院a | 亚洲综合一区二区精品久久 | 久草资源福利 | 美女视频黄的免费视频网页 | 欧美成人午夜不卡在线视频 | 成人国产三级在线播放 | 美国一级毛片不卡无毒 | 99热成人精品热久久66 | 日本中文字幕不卡免费视频 | 香蕉久久高清国产精品免费 | a理论片 | 亚洲视频免费看 | 韩国免又爽又刺激激情视频 | 91色老99久久九九爱精品 | 亚洲日韩视频免费观看 | 一级做a爰在线就看 | 午夜影院啪啪 | 综合自拍亚洲综合图区美腿丝袜 | 欧美国产日本精品一区二区三区 | 日本天堂免费 | 精品国产免费观看一区 | 黄色网网址 | 一个人看的日本免费视频 | 国产高清久久 | 亚洲日本在线观看网址 | 国产手机视频 | 亚洲中文字幕特级毛片 | 免费观看欧美一级毛片 | 亚洲高清二区 | 毛片毛片毛是个毛毛片 | 欧美一区永久视频免费观看 | 极品精品国产超清自在线观看 | 男女免费爽爽爽在线视频 | 亚洲欧美日韩国产精品久久 | 自拍偷自拍亚洲精品一区 | 国产成人91精品 | 国产欧美17694免费观看视频 | 欧美一级xxxx俄罗斯一级 | 在线免费观看色 | 日本韩国一区二区三区 | 一级黄色录相片 |