China Life, China Pacific, PICC: Hong Kong Equities Preview

The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index (HSI) rose 0.1 percent to 19,045.44. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, was little changed at 9,968.86.

China Life Insurance Co. (2628 HK): The nation’s biggest insurer by market value said premium income in the period from January 1 to August 31 to about 237 billion yuan ($37 billion). The stock gained 2.2 percent to HK$18.44.

China Pacific Insurance Group Co. (2601 HK): The insurance company said premium income was 108.4 billion yuan in the first eight months, according to a statement to the Shanghai Stock Exchange. The stock increased 0.2 percent to HK$28.10.

China Resources Land Ltd. (1109) (1109 HK): The state-controlled developer signed a HK$1 billion, three-year loan facility with Bank of Tokyo-Mitsubishi UFJ Ltd., Sumitomo Mitsui Banking Corp. and HSBC Holdings Plc, according to a person familiar with the matter, who asked not to be identified because the details are private. The stock declined 6 percent to HK$10.40.

China Telecom Corp. (728 HK): The fixed-line phone company will introduce the iPhone5 in October, according to CapitalVue.com. The stock gained 3.3 percent to HK$5.06.

Evergrande Real Estate Group Ltd. (3333) (3333 HK): The developer’s sales in August more than doubled from a year earlier to 9.1 billion yuan, the company said in an e-mailed statement. The stock sank 6.2 percent to HK$3.50

PICC Property & Casualty Co. (2328 HK): The non-life insurer said premium income for the period from January to August was 117.7 billion yuan. The stock slid 3.6 percent toHK$11.78.

Ping An Insurance (Group) Co. (2318 HK): The nation’s second-biggest insurer by market value said premium income for its life-insurance unit was 86.2 billion yuan for the period of January to August. The stock declined 1.8 percent to HK$57.20.

Tian An China Investments Co. (28 HK): Allied Properties (H.K.) Ltd. (56 HK) has offered to acquire 6.85 percent of Tian An China Investments in a stock swap, according to a statement from the companies to the Hong Kong stock exchange. Tian An said it has applied to resume trading today after being suspended from Sept. 8.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.