129784668089741250_65Why Pacific floating losses reduction benefits of increasing investment in China exceeding billions of Yuan
New rules of the company after sale of the CBRC mode did not have massive breakthrough, and the surge of financial products has not ended on March 26, one of the four listed insurance companies in China China 2011 Pacific annual report: operating income of 157.934 billion yuan, compared with the previous year growth 11.5%. Revenues grow, but larger net profit decline. 2011Years, China Pacific 8.313 billion yuan in net profit, down 2.9%. More notable is that if the deduction of capital gains and losses, net profit will fall to 7.324 billion yuan, compared with the previous year by 14.6%. Decline in performance of China Pacific not only directly impact shareholder earnings, but also on dividends dividend levels had a negative impact of insurance and other insurance products. "InvestmentWeak drag on performance. "Yin Jinhua international researcher and Yuan Lin said," in 2011, the Pacific recognized in profit or loss for the current period for about $ 4.8 billion investment loss, besides, it is estimated there are about $ 11.2 billion of floating losses to be eroded. In 2011, the net rate of return on investments in the Pacific as the interest rates and the rise in market interest rates, on a per cent in 2010Rose to 4.7%, but the total rate of return on investments fell from 5.3% per cent. "Weak China Pacific life insurance growth mainly through a subsidiary of Pacific life insurance, Pacific property insurance provides life insurance and property and casualty insurance products and services, and affiliated Pacific asset management and utilization of insurance funds. In its business structure, percentage of life insurance in the insurance business income amounted to 60%, important�� In 2011, the rise in banking and insurance regulations, interest rates, credit crunch and financial product competition and other factors, China Pacific Bank down 7.8% channel business, new business dropped by more than 40%, company life insurance revenue growth by a sharp decline in per cent in 2010 to per cent in 2011, growth in net profits in the life insurance businessFrom 2010 to extend the -15.03%-31.1%. From the perspective of business type, company investment and even insurance and universal life insurance sales slump, bonus insurance continues to be the main source of growth in the life insurance business. Due to the investment and continuous insurance and universal life insurance product yields and the relationship between domestic capital markets more closely, in 2011, the stock debt double killing a direct impact on these two types of products. WhileSince November 2010, regulators have twice published for cooperation between banking and insurance supervision rules, regulating agents sale insurance business of commercial banks, which is causing important reason for the sharp slowdown in the life insurance business. For many years, misleading sales behaviors occur in the insurance industry, seriously damaged the interests of customers. After the regulators increased supervision, its revenue growthSustained result became inevitable. Early in March 2012, China insurance regulatory Commission held insurance consumer protection Conference
tera power leveling, informed the 2011 consumer complaints
tera gold, "3��15", media policy holders on the China Pacific insurance company complaints of misleading marketing. Ping an securities (micro-blogging) Dou Zeyun, analyst believe that banking regulatory Commission new rules of the company after saleModel no major breakthroughs, at the same time, products surge isn't over, he for the 2012 performance of banking and insurance business more pessimistic, is expected to continue the premium scale down. Floating loss burden heavier relative to the life insurance business, Pacific asset management business in China more dismal. By the end of 2011, China Pacific of total invested assets 522.53 billion yuan, an increase of 19.9%; the year total investment income of 17.252 billion yuan, down 17.5%; total rate of return on investments of 3.7%, down 1.6%. 2011 Pacific stocks, funds and other equity investments in China experienced substantial losses in, for two reasons: first, the stock market declines, and the other isWeak Pacific investments in equity markets, large in stock selection appear errors. Fried new crazy hot, China Pacific was one of the pioneer. In early 2011, huarui wind to 90 $/unit price issue, China Pacific total spent 8 account spending huge sums to purchase, except for own account outside the purchasing capacity of 2 million units, purchase, the amount of the remaining 7 accounts for10 million shares, eventually this 7 accounts have been allocated 1.0344 million shares.
After the sharp wind power market in China, the unit all the way down, China Pacific bucked, offer the respective shareholdings of 7 accounts increased to 2.0689 million shares. As of March 30, 2012, huarui wind electricity closed $ 15.08/share ($ 31.16 complex right price/unit) onlyAnd the original issue price of about one-third, in China by China Pacific sharp losses on investments in wind power on the huge, far exceeds the index decreases. Not including huarui wind, Pacific in the West of China, Hua Ying of China Science and technology, real estate and other investments unit also failed. By the end of 2011, China Pacific's net assets per share of $ 8.93, than the end of 2010, the declining $ 9.34$ 0.41. Great Wall securities said in a research note, in addition to taking into account profits outside the table of investment income, Pacific floating losses of available for sale financial assets of more than billion
tera gold, including floating losses, the company's actual earnings per share is-0. 41.
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