August 2025

Proprietary investment—where brokerages deploy their own capital for large-scale asset allocation—is a critical arena for gauging a firm’s competitive strength. This business segment significantly impacts net profit figures, yet its internal operations remain shrouded in secrecy, leaving outsiders with limited insight. However, investment performance metrics disclosed in quarterly reports offer glimpses into these operations. With […]

On April 30, New China Life Insurance held its Q1 performance briefing, reporting a 26% year-on-year revenue increase and 19% growth in net profit attributable to parent company shareholders. The management team provided a detailed analysis of Q1 operations and addressed investor inquiries. Below is an excerpt from the Q&A session. Q: How did the

On the eve of the May Day holiday, the financial sector continued to release significant news. On the evening of April 29, five state-owned commercial banks—Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of Communications—along with two joint-stock banks, China Merchants Bank and Huaxia Bank,

Tencent backs Futu, Xiaomi supports Tiger Brokers, and now Ant Group is set to join the ranks by acquiring Bright Smart Securities. At a critical juncture for Hong Kong’s stock market recovery, Ant Group is making a renewed push for a securities license. Recently, Ant Wealth launched a takeover bid for Hong Kong’s “veteran” brokerage,

On the evening of April 28, CICC disclosed its first-quarter report. The data shows that the renowned securities firm achieved revenue of RMB 5.721 billion in Q1 2025, a year-on-year increase of 47.69%, with net profit reaching RMB 2.042 billion, up 64.85% YoY. CICC attributed the revenue growth to increased net gains from financial instrument

Citigroup reported Q1 revenue of $21.6 billion, a 3% year-over-year increase. The growth was driven by broad-based contributions from all five core businesses. Markets revenue rose 12% to $6 billion, with fixed income markets up 8% and equity markets revenue surging 23%. Citigroup’s U.S. pre-market shares rose nearly 1%. Despite macroeconomic uncertainties, Citigroup delivered strong

For the banking industry, the cyclical downturn coincides with a reshuffling of the competitive landscape. In 2024, Bank of Beijing achieved “double growth” in its performance. Revenue and net profit attributable to the parent company increased by 4.81% and 0.81% year-on-year, respectively. During the same period, its stock price rose by 43.69%, outperforming the Wind

On April 16, New China Life Insurance disclosed that its first-quarter premium income reached RMB 73.218 billion, marking a 28% year-on-year increase. Compared to previous years, the company’s liability-side performance in Q1 2025 has stabilized and recovered: 1. Premium income hit a record high, surpassing RMB 70 billion for the first time. 2. The growth

The escalating geopolitical risks are introducing more uncertainties for US-listed Chinese stocks (hereinafter referred to as “Chinese concept stocks”). Recently, Hong Kong’s Financial Secretary Paul Chan Mo-po mentioned in an essay titled “Another Opportunity for Hong Kong Amidst a Century of Changes” that he has instructed the Securities and Futures Commission and the Hong Kong

China Pacific Insurance (Group) Co., Ltd. (CPIC) recently released its Q1 2025 report, showing insurance service revenue of RMB 69.55 billion, a year-on-year increase of 3.9%. Among the segments, CPIC Life achieved insurance service revenue of RMB 20.98 billion, up 0.6% YoY, while CPIC P&C reported RMB 47.74 billion, a 4.8% YoY growth. The Group’s