China Pacific Insurance (Group) Co ( (HK:2601) ) has shared an announcement.
China Pacific Insurance (Group) Co., Ltd. announced its participation in the establishment of the Shanghai Sci-Tech Innovation Fund III by contributing RMB800 million as a limited partner. This move, involving several partners including Shanghai Sci-Tech Innovation and International Group, constitutes a connected transaction under Hong Kong Listing Rules, highlighting the company’s strategic investment in innovation and technology sectors, potentially enhancing its industry positioning and stakeholder value.
More about China Pacific Insurance (Group) Co
China Pacific Insurance (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry. It provides a range of insurance products and services, focusing on life insurance, property insurance, and asset management, primarily within the Chinese market.
YTD Price Performance: 21.67%
Average Trading Volume: 320
Technical Sentiment Signal: Strong Sell
Current Market Cap: $34.51B
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