129773903192031250_74Kunihisa said last year the four quarterly results seen with caution by others at the end of this year, the stock market
NetEase finance, March 27-China life 2011 performance notes today in Beijing and Hong Kong, Vice President Liu Jiade Kunihisa said at the meeting, four quarters of last year, China life insurance performance has hit bottom. He also said that this year's a-share market movements will be complex, Kunihisa controlling interest in the moderate type of investment positions adhere to valuations based on structural opportunities focused on catching. Reduction in terms ofCountry life that performance had bottomed out Kunihisa annual report released yesterday shows that the company attributable to the shareholders of net profits last year was 18.331 billion yuan, down 45.5%. Four-quarter net profit of only $ 1.614 billion, fell as much as 57%. Company says net profit fell mainly due to the sustained downturn of China's capital market investment collectionReducing benefits and asset impairment losses to increase impact. Wan Feng, President of China life said, China faces a series of challenges of last year, multiple pressures in the development of the insurance industry. In 2011, the Central Bank monetary tightening, competitive financial products, cause an increase in difficulty of insurance products sales; labor costs continue to rise, sales force increased difficulty; dramatic swings in capital markets to surplusLee had a larger impact, solvency of industry declined rapidly; Banking Regulatory Commission and the China insurance regulatory Commission regulatory policies have had an impact on the industry. Liu Jiade, impairment of $ 13 billion in China last year extracted all rights and assets reducing value, performance of life this is a large reason for the decline. He also pointed out that last year a substantial provision for impairment, reduced stock, baseGold positions of interest categories such as investment costs, which helps China this year according to changes in the market, better grasp investment opportunities. It can be said that four-quarter profits had bottomed last year. Proposed level 38 billion debt payment adequacy report shows up to 50 points, Kunihisa solvency ratios for the 170% at the end of last year, representing a decline in the late 42%. Kunihisa, solvencyIs affected by the capital market volatility, dividend distribution and impact of factors such as the business development in the first half, the company will be issued in the near future more or less $ 38 billion debt added subsidiary capital and 8 billion yuan's worth of foreign currency bonds issued in foreign countries financing tools. LAU Tak said in response to media questions, issued 30 billion yuan in subordinated debt last year, boosting the China 50 claimsPaying capacity ratios. In this calculation, $ 38 billion of subprime debt this year, and would boost China more than 50 points of the solvency ratios. As foreign currency bond still needs regulatory and shareholder approval of the General Assembly, it has a very large uncertainties, solvency cannot be expected to improve. Liu Jiade said that consolidated supervision, business development, and other factors, Kunihisa think keeping 200%About solvency ratios are appropriate. He also revealed that benefited from the rally this year, China current solvency ratios at around 180%. Kunihisa said this year the stock market is still complicated control stock positions at the end of last year, China invested assets 1.4949 trillion yuan, an increase of 11.9%. Company portfolio income such substantial growth in revenues, net investment income rate4.28%, increased by 0.45% influenced by the stock market downturn
tera power leveling, investment yields declined 1.6% per cent. Haitong securities reported, from investment assets allocation, Kunihisa last year stepped up its fixed configuration IRA deposit
tera power leveling, time deposit account for more than a 1.8%; positive equity markets continue to fall risk, interestInvestment positions as 12.17%, representing a decline in the late 2.49%
tera gold, which reduced 1.5% percentage of the Fund, reduced 1.1% percentage of stocks. Tak Liu believes that domestic capital market is more complex this year. The "two sessions," determining GDP targets moderate decline, is bound to have an impact on the capital markets. In addition red chips returning, international edition launchedSupply pressure would bring stock; valuations at the lower level of the two cities, investment value to emerge, but the banking sector valuations low, gem, small and still relatively high.
Kunihisa will moderate a controlling interest in investments this year, adhere to the valuation basis, key grab structural opportunities. Related news: China life 2011 falling net profit 18.331 billion 45.5%
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