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The latest announcement is out from PICC Property & Casualty Co ( (HK:2328) ).
PICC Property & Casualty has signed a 2026 Customer Services Cooperation Framework Agreement with connected party Aibao Technology, under which Aibao and its subsidiaries will provide value-added services for motor vehicle insurance customers, online activity-related services and online advertising services from 1 January to 31 December 2026, with PICC paying service fees based on fair-market tender processes. The deal, capped at RMB 370 million for 2026, is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, annual review and announcement requirements but exempt from independent shareholder approval, and is intended to support PICC’s customer engagement and marketing capabilities while maintaining pricing discipline and competitive procurement.
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., a joint stock company incorporated in the PRC and listed in Hong Kong, operates in the non-life insurance industry with a strong focus on motor vehicle insurance and related customer services across China.
YTD Price Performance: 40.65%
Average Trading Volume: 29,546,808
Technical Sentiment Signal: Buy
Current Market Cap: HK$369.2B
For an in-depth examination of 2328 stock, go to TipRanks’ Overview page.