Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN Kicks Off New Round of Insurance Predetermined Rate Cuts; Joint Venture Insurer Aegon THTF Lowers Interest Rates of 2 Participating Insurances to 1.5%: Report
Recommend 57 Positive 80 Negative 28 |
||||
|
||||
|
A new round of predetermined rate cuts for insurance products has begun in China, according to Cailian Press. Recently, joint venture insurer Aegon THTF launched two new participating insurance products, with the predetermined rate for the new products reduced by 50 bps from the current market cap of 2% to 1.5%. While the stepwise reduction of insurance predetermined rates may appear to squeeze the short-term competitiveness of products, industry experts pointed out that it is actually encouraging the industry to build a more sustainable development model and expand the allocation space for insurance capital in equity positions. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
