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PICC Property & Casualty Co ( (HK:2328) ) just unveiled an update.
PICC Property & Casualty Co has signed a 2026–2028 Technology Service Agreement with related party PICC Technology, under which PICC Technology will provide a wide range of IT project services including system development, infrastructure construction and operation, maintenance management, cybersecurity, disaster recovery, data resource management and intelligent technology research and application. The deal is classified as a continuing connected transaction under Hong Kong Listing Rules, triggering reporting, annual review and announcement obligations but exempt from independent shareholders’ approval, and sets annual fee caps of RMB 562.71 million for 2026, RMB 513.41 million for 2027 and RMB 514.90 million for 2028, signalling continued heavy investment in technology to underpin PICC P&C’s operations and digital capabilities while maintaining regulatory compliance on related-party dealings.
The most recent analyst rating on (HK:2328) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.
More about PICC Property & Casualty Co
PICC Property & Casualty Co is a mainland China-incorporated joint stock company focusing on property and casualty insurance, relying on technology infrastructure and digital services to support systems development, operations, cybersecurity and data management for its insurance business.
Average Trading Volume: 29,486,631
Technical Sentiment Signal: Buy
Current Market Cap: HK$364.3B
Find detailed analytics on 2328 stock on TipRanks’ Stock Analysis page.