Zhitong Hong Kong stocks have known for a long time | The central bank and the Ministry of Science and Technology have made arrangements to improve technology finance services in key regions China Life Insurance (02628) is happy

[Today's headlines]

The People's Bank of China and the Ministry of Science and Technology make arrangements to improve technology finance services in key regions

The People's Bank of China and the Ministry of Science and Technology jointly issued the “Notice on Improving Technology Finance Services in Key Regions” to guide and promote technology finance services in technology-intensive regions such as Beijing, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. The “Notice” puts forward relevant requirements to accelerate the promotion of key regions to take the lead in constructing a technology finance system adapted to scientific and technological innovation and play a leading role as a model:

The first is to integrate various policy resources to support the development of technology finance, and improve mechanisms such as evaluating the science and innovation attributes of enterprises, connecting investment and financing, and risk sharing and compensation.

The second is to increase the intensity and level of financial support, make good use of structural monetary policy tools such as technological innovation and technological transformation and refinancing, and expand loan investment for technology-based enterprises in the jurisdiction. Include underwriting and investment in technology-based corporate bonds in the evaluation of the effectiveness of technology finance services to promote an increase in the scale of issuance of science and technology innovation notes.

The third is to focus on the construction needs of science and technology innovation centers and increase financial support for technology-based enterprises, key science and technology projects, and key manufacturing industry chains and clusters within the jurisdiction.

Fourth, explore new models of technology finance, and focus on key businesses such as “loans+direct external investment”, merger and acquisition loans, and technology insurance to break through business blockages and improve service efficiency.

Fifth, it is to build an exchange and cooperation platform for various financial institutions, technology intermediary service organizations, universities, etc., strengthen information sharing and service linkage, and provide diversified relay financial services for technology-based enterprises.

The sixth is to establish a technology finance data sharing platform to guide enterprise credit reporting agencies to innovate value-added credit reporting products in the field of technology finance, strengthen the application of information technology, and raise the level of sharing and use of public information on science and technology.

The seventh is to establish and improve a mechanism for evaluating the effectiveness of regional technology finance services, strengthen the application of evaluation results, and form positive incentives. It involves major Internet platforms such as Hong Kong Stock Tenpay (Tencent) and Alipay (Alibaba).

[General outlook]

Overnight, US stocks rose 337.28 points, or 0.79%, to 43077.70 points; the NASDAQ rose 51.49 points, or 0.28%, to 18367.08 points; and the S&P 500 rose 27.21 points, or 0.47%, to 5842.47 points. Nvidia (NVDA.US) rose 3%, Apple (AAPL.US) fell nearly 1%, Intel (INTC.US) fell 1.5%, and ASML.US (ASML.US) fell more than 6%. The Nasdaq China Golden Dragon Index closed up 0.93%, Alibaba (BABA.US) rose 0.35%, NIO Auto (NIO.US) fell nearly 2%, BEKE.US (BEKE.US) rose 4.5%, and Fangduo closed up 55.43%. The Hang Seng Index ADR rose. On a proportional basis, it closed at 20371.66 points, up 84.81 points or 0.42% from the Hong Kong closing market.

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[Individual stock prices are clear]

China Life Insurance (02628) Fa Yingxi expects net profit to be increased by about 165% to 185% year-on-year in the first three quarters to 10.1,135 billion to 108.767 billion yuan

According to the Zhitong Finance App, China Life Insurance (02628.HK) issued an announcement. It is estimated that under corporate accounting standards, the company's net profit attributable to shareholders of the parent company in the first three quarters of 2024 will be approximately RMB 101,135 billion to RMB 108.767 billion. Compared with the same period in 2023, it will increase by about RMB 62,971 billion to RMB 70.603 billion, an increase of about 165% to 185% over the previous year.

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