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China Reinsurance (Group) Corp. Class H ( (HK:1508) ) has issued an announcement.
China Reinsurance (Group) Corporation announced that its subsidiary, China Re P&C, has received regulatory approvals to issue 10-year redeemable capital supplementary bonds up to RMB4.0 billion in the National Interbank Bond Market. This move is expected to enhance the company’s solvency and support the sustainable growth of its business operations.
The most recent analyst rating on (HK:1508) stock is a Buy with a HK$2.10 price target. To see the full list of analyst forecasts on China Reinsurance (Group) Corp. Class H stock, see the HK:1508 Stock Forecast page.
More about China Reinsurance (Group) Corp. Class H
China Reinsurance (Group) Corporation is a joint stock limited liability company incorporated in the People’s Republic of China. It operates in the reinsurance industry, with a focus on property and casualty reinsurance through its subsidiary, China Property and Casualty Reinsurance Company Ltd. (China Re P&C).
Average Trading Volume: 42,191,270
Technical Sentiment Signal: Buy
Current Market Cap: HK$62.02B
For detailed information about 1508 stock, go to TipRanks’ Stock Analysis page.