Category: Flash News

  • 2025-05
    08

  • 85 property and casualty insurance companies announced their first quarter ‘report cards’: 70 companies made profits and 15 companies incurred losses, achieving a total net profit of over 25.6 billion yuan

    On May 8th, with the disclosure of the first quarter solvency reports of insurance companies, the operating situation of property and casualty insurance companies has also been revealed. According to data from the China Insurance Industry Association, as of May 7th, the 85 property and casualty insurance companies that have announced their operating conditions for the first quarter of this year have achieved a total insurance business revenue of approximately 516.145 billion yuan and a total net profit of approximately 25.604 billion yuan. The interviewed experts stated that the property and casualty insurance industry has performed well this year, mainly due to factors such as the optimization of the industry’s auto insurance business and the gradual release of investment returns last year. (Securities Daily)

  • Listed securities firms lavish 38.7 billion yuan in year-end dividends, with 39 companies distributing ‘red envelopes’ for three consecutive years

    On May 8th, the 2024 annual report season has ended, and the dividend matters of listed securities firms have been put on the agenda. After experiencing record breaking mid-term dividends and special dividends in the third quarter, listed securities firms plan to “splurge” over 38 billion yuan for year-end dividends in 2024. Among the 42 listed securities firms, only Tianfeng Securities and Pacific Securities do not distribute dividends due to negative distributable profits. If we look at the overall situation in 2024, there are already 17 securities firms with cash dividend ratios exceeding 40%, which is higher than in 2023. Expanding the observation dimension to the past three reporting periods, it is evident that listed securities firms are establishing a sustained and stable shareholder return mechanism, with 70% of securities firms maintaining an annual cash dividend ratio of 30% or higher. (Securities Times)

  • The Chinese representative firmly rejects the accusations and smears made by the US and urges the US to stop engaging in blame diplomacy at the Security Council

    On May 8th, the United Nations Security Council reviewed the North Korean nuclear issue in the early morning of Beijing time on the afternoon of May 7th. Chinese Deputy Permanent Representative to the United Nations Geng Shuang refuted the accusations and smears made by the US representative in his speech and urged the US to stop engaging in blame diplomacy at the Security Council.

  • 166 shares of chips tend to concentrate in April, with a decrease of over 5% in the number of shareholders

    On May 8th, chip concentrated stocks have attracted market attention. According to statistics, compared to the end of the first quarter (March 31), the number of shareholders with 620 shares in the latest period (April 30) has decreased. Among them, 166 shares have decreased by more than 5%, and 62 shares have decreased by more than 10%. From the perspective of industry distribution, the above 166 stocks are mainly concentrated in the mechanical equipment, electronics, automotive, and basic chemical industries, with as many as 35 stocks in the mechanical equipment industry and 20 stocks in the electronics industry. In terms of performance, out of the 166 stocks mentioned above, 134 stocks made profits in 2024, accounting for over 80%. Among them, 69 stocks showed an increasing trend in net profit in 2024. From an overall performance perspective, among the 166 stocks mentioned above, excluding those that were subject to delisting risk warnings, the average decline in April exceeded that of the Shanghai and Shenzhen 300 Index. Among them, 16 stocks such as Hengbo Shares, Shanshui Bide, and Qide New Materials surged by more than 10% in April. (Securities Times)

  • Pay attention to the anchoring effect of performance comparison benchmarks, innovate floating rate products are expected to be implemented

    On May 8th, the public fund industry will usher in a major fee reform. The China Securities Regulatory Commission recently issued the “Action Plan for Promoting High Quality Development of Public Funds”, proposing the establishment of a floating management fee collection mechanism linked to fund performance. China Securities Journal reporters have learned in the industry that the first batch of innovative floating rate products based on performance comparison benchmarks are expected to be launched, and more than 20 fund companies are about to report related products, which is expected to break the fixed rate model of “guaranteed income in droughts and floods” and deeply link fund manager incentives with investor returns. (China Securities Journal)

  • Ten year policy shift: German Interior Minister refuses entry of undocumented immigrants

    On May 8th, the newly appointed German Interior Minister Alexander Dobrindt issued an order on May 7th local time to refuse undocumented immigrants at the German border, including asylum seekers, from entering Germany. Dobrindt announced that he has decided to revoke the 2015 directive allowing undocumented third country immigrants to enter Germany in order to reduce the number of illegal immigrants, and stated that the current number of illegal immigrants in Germany is still too high.

  • French and German leaders say they will strengthen cooperation to jointly address the challenges facing Europe

    On May 8th, French President Macron held a meeting with visiting German Chancellor Mertz in Paris. The two sides stated at a joint press conference that they will strengthen bilateral relations and cooperation to jointly address the challenges facing Europe. Macron said that the friendly relationship between France and Germany and the construction of Europe will open a new page, and the two countries will strengthen cooperation in various fields to address the challenges faced by Europe. Mertz said that Europe needs to address challenges in defense security, industrial competitiveness, and other areas, and Germany and France need to strengthen unity to drive European partners to make progress together. Macron also stated that France and Germany will cooperate in dealing with US tariffs and other aspects.

  • Arm Holdings expects first quarter revenue of $1-11 billion, analysts expect $1.1 billion

    On May 8th, Arm Holdings’ total revenue for the fourth quarter was 1.24 billion US dollars, with analysts expecting 1.23 billion US dollars; The operating profit for the fourth quarter was $655 million, with analysts expecting $621.8 million; In the fourth fiscal quarter, licensing and other revenue amounted to $634 million, with analysts expecting $662.1 million; The usage fee revenue for the fourth fiscal quarter was 607 million US dollars, with analysts expecting 567.7 million US dollars; The contract value for the fourth quarter is annualized at $1.37 billion, with analysts expecting $1.31 billion. The company expects first quarter revenue of $1 billion to $1.1 billion, with analysts expecting $1.1 billion.

  • Powell: Consumer spending and inventory may be revised upwards in the first quarter, making it more difficult to make a clear assessment of US demand

    On May 8th, Federal Reserve Chairman Powell stated that consumer spending and inventory may be revised upwards in the first quarter, making it more difficult to make a clear assessment of US demand. Everyone on the committee supports a wait-and-see approach, as fluctuations in GDP data will not truly change the situation of the Federal Reserve, and the link between confidence data and spending has always been weak.