Bulletin: China Taiping Insurance Group Can Sustain Its Capital Position Despite Sensitivity Toward Asset Risk - S&P Global Ratings’ Credit Research

Bulletin: China Taiping Insurance Group Can Sustain Its Capital Position Despite Sensitivity Toward Asset Risk

Bulletin: China Taiping Insurance Group Can Sustain Its Capital Position Despite Sensitivity Toward Asset Risk - S&P Global Ratings’ Credit Research
Bulletin: China Taiping Insurance Group Can Sustain Its Capital Position Despite Sensitivity Toward Asset Risk
Published Mar 23, 2021
3 pages (1316 words) — Published Mar 23, 2021
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Abstract:

HONG KONG (S&P Global Ratings) March 23, 2021--S&P Global Ratings said today that China Taiping Insurance Group (HK) Co. Ltd. (TPGHK; BBB+/Stable/A-2) can support its constrained capital position over the next two years. Our view is based on the profit and earning potential for the Hong Kong-based insurance group, mainly backed by its mainland China life insurance operations. That said, the group's rising investment risk appetite should consume more capital. Net profit rebounded 55% year over year in the second half of 2020, leading to full-year profit of HK$10.5 billion for TPGHK's flagship subsidiary, China Taiping Insurance Holdings Co. Ltd. (CTIH; BBB+/Stable/A-2). Support came from better containment of COVID-19 in mainland China and strong investment gains. The group's key subsidiaries

  
Report Type:

Bulletin

Issuer
China Taiping Insurance Group (HK) Co. Ltd.
GICS
Insurance Brokers (40301010)
Sector
Global Issuers
Country
Hong Kong
Region
Emerging Markets
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: China Taiping Insurance Group Can Sustain Its Capital Position Despite Sensitivity Toward Asset Risk" Mar 23, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-China-Taiping-Insurance-Group-Can-Sustain-Its-Capital-Position-Despite-Sensitivity-Toward-Asset-Risk-2615558>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: China Taiping Insurance Group Can Sustain Its Capital Position Despite Sensitivity Toward Asset Risk Mar 23, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-China-Taiping-Insurance-Group-Can-Sustain-Its-Capital-Position-Despite-Sensitivity-Toward-Asset-Risk-2615558>
  
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