PICC P&C Ties Entrusted Management Fees to Performance in New PICC AMC Deal

PICC Property & Casualty Co ( (HK:2328) ) has issued an update.

PICC Property & Casualty Co has signed a new supplemental agreement with PICC Asset Management Co to amend the fee structure on entrusted asset management services. The revised terms introduce a floating management fee and performance incentive mechanism, linking part of the fees to investment results while keeping overall annual fee caps under existing arrangements unchanged.

Under the new structure, the company will pay PICC Asset Management a basic fixed management fee of 0.068% per year, plus tiered floating fees of up to 0.012% and an excess performance incentive capped at 0.008%. As PICC Asset Management is a wholly owned subsidiary of PICC Group and thus a connected person, the transactions remain classified as continuing connected transactions subject to Hong Kong listing reporting and disclosure rules but are exempt from independent shareholder approval.

The most recent analyst rating on (HK:2328) stock is a Hold with a HK$15.50 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 insurer focused on property and casualty insurance and related investment activities. Through its relationships with PICC Group asset management affiliates, the company entrusts portions of its investment portfolio to external managers under regulated asset management and fee arrangements.

Average Trading Volume: 33,642,084

Technical Sentiment Signal: Buy

Current Market Cap: HK$321.6B

For an in-depth examination of 2328 stock, go to TipRanks’ Overview page.