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China Reinsurance (Group) Corp. Class H ( (HK:1508) ) has issued an update.
China Reinsurance (Group) Corporation announced the successful issuance of RMB4.0 billion in capital supplementary bonds by its subsidiary, China Re P&C, in the National Interbank Bond Market. These ten-year fixed-rate bonds, with conditional redemption rights and varying coupon rates, aim to bolster the subsidiary’s capital, improve solvency, and support sustainable business growth.
The most recent analyst rating on (HK:1508) stock is a Buy with a HK$2.00 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 major player in the reinsurance industry, primarily offering property and casualty reinsurance services. The company focuses on enhancing its market position through strategic financial maneuvers and regulatory compliance.
Average Trading Volume: 36,381,268
Technical Sentiment Signal: Buy
Current Market Cap: HK$70.09B
For detailed information about 1508 stock, go to TipRanks’ Stock Analysis page.