China Insurance Sector:Preferred shares to be another another
类型:行业研究 机构:大和证券(香港)有限公司 研究员:Leon Qi,Ailsa He 日期:2015-06-15
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CIRC said it will introducepreferred shares for Chinainsurers in the near future
We believe preferred shareswill most likely be categorisedas tier-2 core capital, henceeasing China insurers’ equitycapital-raising pressure
Reiterate Positive stance onthe sector; Ping An as mainbeneficiary of the event, andChina Life remains top pick
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