Ping An’s operating profit climbs 8.3% in first nine months despite market volatility
Ping An’s H-shares rose 2.6% after it reported core earnings growth, as its financial services and growing health and senior-care businesses lay a foundation for longer-term growth Key Takeaways: Ping…
FWD to acquire 25% of Richard Li-backed insurer for $20.72 million
Insurer FWD Group Holdings Ltd. (1828.HK) said on Monday that it has agreed to acquire 25% of Bolttech Insurance (Hong Kong) Com Ltd. for a base consideration of $20.72 million.…
Waterdrop revenue jumps, but profit falls on swelling marketing expenses
Insurance services provider Waterdrop Inc. (WDH.US) on Tuesday reported its revenue jumped 72.8% year-on-year to 1.45 billion yuan ($216 million) in the second quarter, driven by improvements in its risk…
Baige Online’s MaaS revenue jumps nearly 5.8 times through August
Internet insurance technology services provider Baige Online Digital Technology Co. Ltd. (2672.HK) announced on Sunday that revenue from its Model-as-a-Service (MaaS) business reached about 47.4 million yuan ($7.06 million) in…
Tax crackdown erodes edge for Hong Kong insurers
China’s scrutiny of offshore insurance income is forcing a rethink of return advantages for Hong Kong policies, which could weaken the appeal of dividend and savings products By Lee…
Jack Ma-backed insurer seeks riches in Hong Kong gold tokenization foray
Yunfeng Financial is leveraging its strong balance sheet and a strategic ether reserve to turn physical assets into a digital financial tool for professional investors in Hong Kong Key Takeaways:…
BRIEF: Shouhui swings to the black on financial instrument gains
Insurance intermediary services provider Shouhui Group Ltd. (2621.HK) said on Wednesday it expects to report a profit of between 780 million yuan ($114 million) and 800 million yuan for 2025, reversing a…
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