Prudential Asia the first three quarters of revenue by only 9%

According to Prudential released yesterday reported that in the whole group 2,300,000,000 pounds of revenue, its UK retail operations of the financial performance of the most robust growth in the first three quarters of a total of 14% in the third quarter compared to the same period last year Is an increase of 19%. In the previously anticipated reduction in the Asian region, the first three quarters of this year, also an increase of 9% to a total of 1,000,000,000 pounds (about 11,300,000,000 yuan). However, Prudential has also frankly, AIG by the crisis, the decline in consumer confidence to a chain reaction in the third quarter of this year, the Group's new business growth slowed down. "This means that the situation in Asia can not achieve a year ahead of new business profit in 2005 than double the target, but the group remains confident in 2009 of achieving this objective." Of course, Prudential and the three Quarterly Bulletin earnings, more attention is his wish to buy AIG (American International Group) Asia Business hearsay. Prior to this there is news that Prudential is a strategic partnership with in-depth negotiations, to be its 20% stake to raise funds for the purchase of American International Group (AIG) in Asia. And Prudential Insurance to carry out negotiations, including the two strategic investors from the Middle East and China's sovereignty funds, the amount of money involved may be reached 1,200,000,000 pounds. But the rumors, Prudential and refused to make any comment, only to respond to reporters "are closely watching the sale of AIG's plans, and pay attention to any more value for its shareholders the opportunity." Asia insurance industry structure change In Buffett, the Munich insurance group, Allianz Group and other assets of the AIG bid target, the Prudential acquisition of the assets of AIG appears to be more pressing needs. If successful acquisition of Prudential AIG Asian business, will replace the Prudential Assurance Company AIG's become Asia's largest insurance companies. "This pattern of change is bound to be reflected in the pattern of China's insurance industry in the past." Of the Central University of Finance and Economics president of the Insurance Institute of the implementation of Su Hao his assessment of the case.

Prudential abundant cash flow to buy AIA hearsay evidence

Recently, several network and paper-based media reported that Prudential Life Insurance shareholders of the British Prudential is going to spend 15,000,000,000 U.S. dollars to buy International Assurance (AIA), Prudential became concerned about the hot spots. Prudential recently released third quarter financial results, said "very good performance, individual figures may be able to provide a new confidence in the market, may be able to hearsay evidence." Prudential third-quarter 2008 financial report, said: Third Quarterly Bulletin shows that the whole group of new insurance industry grew by 15% of the 2.3 billion pounds, net cash inflow of more than 5,000,000,000 pounds. Du Jiaqi, president of the Executive Group (Mark Tucker) on a good performance is very gratifying.

Pacific Insurance top 100 enterprises in Shanghai No. 5

Recently released 2008 Top 100 Enterprises in Shanghai showed that Pacific Insurance ranks No. 5. Top 100 Enterprises in Shanghai in 2008 by the Shanghai Municipal Federation of Enterprises, Shanghai Entrepreneurs Association in accordance with international approach to business in 2007 operating income for the assessment of standards and released. Baoshan Iron and Steel Group, Shanghai Automotive Group, Bailian Group and Bank of Communications breakdown of the top 100 enterprises in Shanghai in 2008 before the 4. China Pacific Insurance has been insisting the value of sustainable growth, sound management, effective risk management, and achieved good results. In the first three quarters of this year to achieve the original insurance premium income 76,700,000,000 yuan.

Insurance agents and industry, more than half of the "class"

More than 5 months to clean up and rectify the special has come to an end, the province's nearly 3,000 insurance agencies and industry, 1580 as a result of problems in accordance with the law was written off. This is a reporter learned today from the province's Bao Jianju. "The insurance industry and those agencies that have their main business, as well as expand the services to the insurance business institutions such as banks, postal services, taxi companies, travel agencies and so on." Baojian Ju-related provincial official said that prior to rectify the province's insurance Industry and agencies to reach more than 3,000, but these staff did not permit the insurance business credentials, the prevalence of the two aspects. "The first is the lack of staff knowledge of insurance, sales in the process of introducing there is often not in place, not professional, the other, in order to obtain a higher income, and these organizations often based on the level of fees frequent replacement of insurance companies to policy holders The rights and interests of the damage caused. " In addition, individual agencies and industry are still arbitrarily change the terms of insurance, misleading propaganda, the invasion and occupation of misappropriation of insurance premiums. Last year, Mr. Li provincial capital of the public through travel agents to buy travel accident insurance, travel on the way, Mr. Lee by accident, identified covered by the insurance. He came back to travel agents to receive compensation, pushed to the insurance companies, insurance claims and demands, but compensation has been told to travel agents. In the end, Mr. Lee did not receive claims. Mr. Lee is not what is happening in the case of a provincial capital of the insurance industry sources, some of the insurance industry and agencies and insurance companies wrangling between the phenomenon. Industry and agencies in a timely manner will be no premium paid to the insurance companies, insured or not in time to upload the information, and even some time after the event on behalf of their clients to insurance companies. In the event of accidents, insurance companies certainly do not want to claim, "the resulting disputes and a lot." "According to the requirements of the China Insurance Regulatory Commission, Bao Jianju province since May of this year, the province carried out a check." Baojian Ju provincial official said, because of extensive multi-point, non-means very subtle, and the insurance industry has been the insurance agent The difficult market supervision. Through this restructuring, a total of 1580 existed in name only, verified serious violations of laws and regulations, refused to pay the costs of regulatory bodies have been written off in accordance with the law. The official also warned that consumer choice and industry, insurance agencies, we should first look at whether there is the other side, "insurance agents and industry permits." The permit issued by the insurance regulatory authorities and asked to fly in the more obvious. At the same time, attention to the need to have the permit approval period, will expire automatically canceled.

Second loan crisis may not be serious global insurance industry

Standard & Poor's analysts said in the report, Standard & Poor's, despite many insurance companies are given a negative credit rating, but this was mainly due to the pricing cycle is due to the low, not because of the company's assets in securities of factors. However, Standard & Poor's said the housing loan insurance and property insurance companies, and American International Group, as well as deep in credit default swaps (for a credit providers to avoid the risk of credit contract, is a common credit derivatives Commodities), the insurance company will likely shrink as a result of the U.S. housing market and suffered. Standard & Poor's analyst Chung wrote in the report, Wall Street, the United States under the jurisdiction of the federal government's mortgage agency and a number of banks over the (sub-loan crisis) in the atmosphere of panic, but the insurance industry but powerhouse cast over the same. They believe that this ignores the insurance industry's business model and the insurance industry paid a special effort ... ... the insurance industry in strengthening the capacity of self-protection. Standard & Poor's said that Europe and the Pacific Insurance's capital adequacy ratio of high loan-to-assets held less time and at the same time, Asia Insurance loan-to-face meeting of the crisis "should be easy." Standard & Poor's said that North American insurance industry's financial condition, this can deal with mortgage-related securities losses. Property, casualty insurance business as a whole, the North American insurance industry is not affected by the sub-loan-to-large-related loss is expected to total capital will account for 1.3 percent; but the life insurance industry suffered the impact of large losses expected to exceed the total capital 5%. Despite the outside of the insurance industry had a negative point of view, but the Standard & Poor's analyst said that as long as the insurance industry and capital strength to maintain a good level of mobile phase, the credit rating of the insurance industry will continue to be stability. "However, we found that the U.S. housing market crisis and credit crisis will spread to other assets, such as commercial real estate." Overall, the life insurance industry in the United States has 9.6 percent of assets invested in commercial loans to 1.7 percent in real estate investment, which is equivalent to the U.S. life insurance industry more than 90% of capital surplus.

Referring to the United States and rising gold prices below strong support under the track

10 Ri Yue 21 (Tuesday) gold (166, -8.71, -5.00%) down low shock. The highest intraday price the day of 803.50 U.S. dollars / ounce, the lowest test the 765.35 U.S. dollars / ounce to close at 771.40 U.S. dollars / ounce, compared to the previous or about 25 U.S. dollars, Japan with K Line was up and down a long line of great impact Line. International crude oil fell sharply Tuesday Chonggao down. The highest intraday price hit 75.69 U.S. dollars / barrel, the lowest lowered to 69.77 U.S. dollars / barrel, down 3.36 U.S. dollars, closed at 70.89 U.S. dollars / barrel. K Line on display, NYMEX-11-month crude closed yesterday at the video taken off the line of a small head Line. Asia City time yesterday, the U.S. dollar in early trading after the stable after a sharp jump in oil prices sharply lower; Europe City time, the dollar continued to rise unilateral posture, continue to test the oil pressure, the average intraday fall 5; New York City time, the decline in oil prices take Europe further down, and for a time below 70 U.S. dollars mark, after bargain hunting in support of the recovery of the mark, but Line is still closed. Information on the surface, the oil minister of Ecuador on the 20th that OPEC needs to cut crude oil output of around 500,000 barrels per day. Ecuador is expected to be scheduled for 24 OPEC meeting to promote production. OPEC will be meeting in advance of its Oct. 24 to be held to discuss the global economic slowdown on oil markets. Khalil said Monday President of the OPEC, non-OPEC oil producing countries should also be cut in order to help stabilize oil prices; oil prices at 70-90 U.S. dollars / barrel between "will all help"; if oil prices fell below 70 U.S. dollars / barrel, many oil projects "will be postponed or canceled." Libyan oil minister said Monday, OPEC is expected to cut the rate to more than 1,000,000 barrels / day; production 1,000,000 barrels / day sufficient to restore market balance of supply and demand; oppose OPEC output in stages. Qatar Oil Minister Attiyah said Monday that he believed that OPEC will be held on October 24 in Vienna at a meeting decided to cut production. At the same time, Iran's oil minister said Tuesday Nuosa Li, a drop in demand may result in OPEC production 2-2.5 million barrels / day, in the long term drop in oil prices will curb oil infrastructure investment, in the final consumer. Rogers well-known investors Monday that the decline in supply, demand and the increased settlement of the current economic slowdown related to the stimulus plan will ensure that the commodity bull market for at least 10 years. The countries in order to help ease the credit crisis to the mass market into the capital, it will eventually lead to price increases and inflation. Comprehensive analysis, OPEC production cuts good news in the past, investors in the economic outlook for demand for crude oil, as well as concerns once again prevail, leading to the resumption of the decline of crude oil today. At present, oil prices have been below average on the 5th, and by the end of September since the formation of the downward trend line still intact, suggesting that the medium-term trend of oil should not be too optimistic.

All of the Shanghai gold futures contract on October 22 lower-round

Shanghai Gold (166, -8.71, -5.00%) of all futures contracts on October 22 lower-round, the main force in December contract prices closed down 8.71 yuan and 165.35 yuan newspaper / g, or 5.00 percent. Volume 35,828 hand in hand 45,354 for the previous session, the trading day to reduce the hands of 9526; turnover 5,989,000,000 yuan, to 7,894,000,000 yuan in the previous session, the trading day to reduce 1,905,000,000 yuan; As of the close to 40,182 positions in hand And 32,156 for the previous hand, the increase in the 8026 deal in hand.

Shanghai gold 21 wide fluctuations in the 0812 contract was down 1.54 percent

Shanghai Gold (173, -2.71, -1.54%) Au0812 main futures contract fell 21 shocks, recorded a one-month intraday low, open positions throughout the day 2996 started to increase. Shanghai gold futures contract Au0812 main Dikaidizou 21, the overnight rebound in crude oil prices lifted gold to stabilize the spot, 21 sub-city in early trading, spot gold rise to recover the expansion of 800 U.S. dollars. The domestic gold lower cut-opened after the fall, the contract also targets to increase the level of opening. But as Federal Reserve Chairman Ben Bernanke's speech supporting a stronger dollar, oil prices eased back again to check the trend of rebound in spot gold, gold in the Pan-European city in the early fall below 800 U.S. dollars, but also triggered a long stop-loss. As a result, domestic gold retracement forced, once the contract indicators to see low 172.33 yuan, a new one-month low. Volume on the 20th day than the obvious decline, total less than 50,000 hand position slightly, nearly 3 Senju. Indicators Au0812 gold contract closed at 172.72 yuan / kg more than the previous (October 20) clearing price fell 2.71 yuan or 3.33 percent, the highest 176.30 yuan / kg, the lowest 172.33 yuan / kg and the volume of 45,354 hand position Volume of 32,156 hands.

A global recession gold alone difficult to support

International spot gold closed yesterday at 805.68 U.S. dollars, the highest 815.1 U.S. dollars, the lowest 772.3 U.S. dollars to close at 783.05 U.S. dollars, down 22.7 U.S. dollars or 2.82 percent, the day after 43 U.S. dollars for the largest amplitude. Economists have said the global economy next year will be lower than the average growth rate of 3%, indicates that the global economy into a recession across the board. U.S. President George W. Bush said the global economy will soon convene summit to invite all members of the G7, as well as China, India and other emerging market countries to discuss global solutions. Last Friday night, the United States announced in September the total number of housing starts in September and construction of the total number of 817,000 and 786,000, which is lower than the expected 880,000 and 850,000. Will be announced this evening the U.S. leading index for September. Recent data from the U.S., we can see the trend of economic recession. Economic recession, commodity prices fell across the board makes gold more attractive to reduce inflation hedge. In addition, the world's richest man, Warren Buffett announced in the near future will be a large number of hunters bought shares of the United States, the remarks could lead to U.S. investors follow-up to promote the U.S. stock market up, gold down further. The crude oil market, the current oil price in July compared to the historical high of 147 U.S. dollars / barrel has dropped more than 50%, OPEC member countries decided on October 24 held an emergency meeting in Vienna is expected to announce production cuts at the meeting. And as of Oct. 14, crude oil fund to reduce the number of single-hand 1654 to 164,118 in hand, an increase of single-space 3935 to 166,017 in hand in hand, at last, after more than half of the drop in oil prices more than the number of single-market atmosphere rich in short, I am afraid the role of production Very limited. Gold last Friday in a continuation of Thursday's decline, currently 780 U.S. dollars by the first-line support, to reach 780 U.S. dollars in the vicinity may be back up slightly. But the 800 line has become a strong short-term resistance, investors may be high in the short, to do more cautious. If the effective price below 780 U.S. dollars, the rate will fall further.

The world's leading gold-kind ready to cut interest rates

The financial crisis sweeping the global economy, cut interest rates six joint central bank to ease the financial turmoil brought about by fear. In the global economy at a time when access to cut interest rates, despite the experience of the international gold price fluctuations, Gao Chang, president of Golden Satellite speculate in gold and the loss of millions of warehouse explosion, but did not affect investors in gold investment enthusiasm, once again become a kind of gold investment Hot spots. According to data from high-Purcell, the last in September, its sales of gold bars in the country's decline have not been affected, particularly in the areas of Guangdong still reached more than 100 kg. The high-Purcell Research Center analyst Lin Feng Ye to the "China Times" reporter said that as a function of risk assets, the value of gold will not fall quickly, "On the contrary, the public's rising demand for hedging is likely to be On the price of gold to form an effective support to form the rapid decline of other commodity prices and gold prices decline or even a limited situation. " The value of gold is difficult to shake Perhaps it was the "natural money rather than gold and silver, but gold and silver currency is natural," saying it represents a golden financial attributes, even in the eyes of professionals, the largest investment value of gold is still not vanished and in its wing Do not wear the "eternal values." "In fact, on gold investments, whether or inflation as the current financial crisis period, the majority of ordinary investors, gold is a relatively safe investment, which is the best way to ward off risks." Chin Heng-finance Gold, an analyst Tang Guodong told reporters, "As long as there is inflation, the depreciation of the only cash forever." Because it has always been the best way to deal with inflation is to change the cash in kind, particularly precious metals such as gold. High Purcell Research Center analyst Fang Jing also told reporters that in the face of the financial crisis, with inflation the ability of gold can be said to be personal or institutional investors the best "safe haven." Like the "Father of Euro" Robert Mundell said, do not use the dollar and the euro countries, gold remains an important asset. Mondale in the eyes of the euro and the dollar is the world's two most powerful currency, the euro or the dollar once the sharp decline in inflation to accelerate, or the outbreak of war, the gold will be a good tool to hedge. For this reason, in the current financial turmoil, once again shows the kind of gold as a hedging tool for power, the recent gold coins to Fengqiang in the United States a large number of hedge funds into the city of gold pushed up gold prices can be seen in various countries one after another into Cut channels, in-kind gold to become the leading tool to hedge. It is still fresh in our memory, in 2008 on January 2, London spot gold market would be to 861.25 U.S. dollars / ounce price set a new record high of 1980. At that time, the global spread of the stock market is down shocks of the market, "this is why the global financial crisis for a positive impact on gold is more 'sexual impulse', investors can choose during the crisis to avoid the risk of investment in gold, to be After the crisis had to consider other investment channels. " Physical gold bars Inflation as a hedge against inflation and investment tools, not only has the value of gold and stability, safeguard the natural advantages of low cost, but also for ordinary investors to invest. For most ordinary investors, the market is becoming more diversified investment gold varieties tend to feed some people, investors or investment mistakes or simply give up and missed opportunities. In this regard, said Tang Guodong, before making investments, investors, it is best to know the type of gold investment properties and then choose their own investment style. Gold investment on the market today there are five main types of physical gold bars, gold coins, paper gold, gold derivatives, as well as commemorative gold coins and gold jewelry, which, gold jewelry of the investment risk is relatively high. The need for the expertise of the paper gold, and gold derivatives investments, Tang Guodong frankly, both of which investment is not only risky, and in the face of financial crisis, preserve and increase the sum of functions. Tang Guodong pointed out that the current market, compared with the current investment channels is the gold bars of gold coins, and gold, as "in-kind gold in any part of the world can be easily traded, there is no hard cash problems." It should be noted that only if the investment choices of gold coins, pay attention to the best time to buy, if the choice of money market in popular time to buy, then investors are likely to larger losses, "not only because of gold coins in the secondary A high premium on the market, and market cattle the short run is a long bear. " At present, investment in physical gold has a variety of channels, such as China Merchants Bank, Agricultural Bank of sales of gold bars, al higher, the Industrial and Commercial Bank of wishful gold, the bank's Long Dingjin, and Societe Generale, Bank of China, and other agents can not pay on the spot delivery gold The gold bars. In addition, there are some gold stores in gold for the gold on behalf of the shop as well as the launch of their gold bars for investment transactions. Fangjing to remind investors, as investment in physical gold is of no interest in preserving There are also certain risks, so pre-buying, we must fully consider and choose a suitable place to preserve. In addition to the current financial crisis brought about by physical gold investment, in the eyes of the Tang Guodong, to increase the supply and demand will continue to make possible the global gold market more fiery. From the basic supply, China has an annual gold production of basic fixed at 200 tons, but in the current assets 50,000 U.S. dollars more than the number of more or less well-off to about 5% a year in the rate of increase, which will bring a lot of Gold investment demand. "As a result, a certain amount of gold reserves would rise in value-added gold to obtain benefits."