AIA posts growth in new business value on Hong Kong, China

Echo Wong / Bloomberg08-20

Garth Jones, the group chief financial officer, said in an interview with Bloomberg News that the insurer continues to see 'good demand' from mainland China visitors.(Aug 20): AIA Group Ltd reported ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2661236213?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-20 05:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2661236213","market":"sg","top_or_hot":-1,"title":"AIA posts growth in new business value on Hong Kong, China","media":"Echo Wong / Bloomberg","content":"<div>\n<p>Garth Jones, the group chief financial officer, said in an interview with Bloomberg News that the insurer continues to see 'good demand' from mainland China visitors.(Aug 20): AIA Group Ltd reported ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/insurance/aia-posts-growth-new-business-value-hong-kong-china?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AIA posts growth in new business value on Hong Kong, China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAIA posts growth in new business value on Hong Kong, China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-20 05:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/insurance/aia-posts-growth-new-business-value-hong-kong-china?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Echo Wong / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Garth Jones, the group chief financial officer, said in an interview with Bloomberg News that the insurer continues to see 'good demand' from mainland China visitors.(Aug 20): AIA Group Ltd reported ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/insurance/aia-posts-growth-new-business-value-hong-kong-china?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0196878994.USD","symbol_name":"MANULIFE GF CHINA VALUE \"AA\" (USD) INC","start_time":0,"source_url":"https://www.theedgesingapore.com/news/insurance/aia-posts-growth-new-business-value-hong-kong-china?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2661236213","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/insurance/aia-posts-growth-new-business-value-hong-kong-china?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2661236213","pubTimestamp":1787173551,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Garth Jones, the group chief financial officer, said in an interview with Bloomberg News that the insurer continues to see 'good demand' from mainland China visitors.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"81299":"友邦保险-R","LU0196878994.USD":"MANULIFE GF CHINA VALUE \"AA\" (USD) INC","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","IE0003795394.USD":"BNY MELLON ASIAN EQUITY \"A\" (USD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU1008478684.HKD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BBAX":"JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF","LU0205439572.USD":"富达亚太股息基金","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","AAGIY":"友邦保险ADR","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","HK0000288784.HKD":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (HKDHDG) INC","BK1589":"北水核心资产","LU1044874839.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"AGH\" (SGDHDG) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0823426308.USD":"法巴中国股票基金","EPP":"亚太地区（除日本）ETF-iShares MSCI","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","SG9999001689.USD":"施罗德亚洲成长股票","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","IE00B0169L03.USD":"FSSA ASIA FOCUS FUND \"I\" (USD) ACC","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0828237940.HKD":"SCHRODER ISF EMERGING ASIA \"A\" (HKD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","AIA":"iShares S&P Asia 50 Index Fund","LU2449936058.SGD":"SUSTAINABLE ASIA EQUITY \"AA\" (SGD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","01299":"友邦保险","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC"},"translate_title":"友邦保险公布中国香港新业务价值增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81299":0.6,"AIA":1.5,"EPP":0.6,"BBAX":0.6,"AAGIY":0.6,"01299":1.5},"content_text":"Garth Jones, the group chief financial officer, said in an interview with Bloomberg News that the insurer continues to see 'good demand' from mainland China visitors.(Aug 20): AIA Group Ltd reported 13% growth in new business value in the first half of this year, led by strong sales in key markets including Hong Kong and China.\nThe growth to US$3.21 billion ($4.08 billion) fell short of the US$3.26 billion median estimate of six analysts compiled by Bloomberg News. Without the exchange rate impact, the insurer's growth rate would have been 10%.\nThe firm's expansion underscored the broader industry trend. Insurers have seen continued demand from both local and mainland clients seeking higher returns amid low interest rates at home. Investors are gauging the extent of China's recent tax collection efforts for dividend payouts on offshore insurance products and the impact on Hong Kong's insurance industry.\nIn Hong Kong, the largest market for AIA, new business value increased 10% to US$1.17 billion for the first six months on continued demand from the Chinese mainland visitor segment. The metric for China grew 26% to US$937 million. In Southeast Asia, Singapore's sales climbed 14% to US$294 million, driven by demand in wealth and long-term savings products from both affluent and high-net-worth clients. \nGarth Jones, the group chief financial officer, said in an interview with Bloomberg News that the insurer continues to see \"good demand\" from mainland China visitors despite Beijing's increasing moves to tax offshore wealth. \n\"Based on our understanding, there's no change in the the tax laws in China,\" he said. \"People don't come to Hong Kong to buy our products for for tax reasons principally.\"\nThe company will pay an interim dividend of 53.9 Hong Kong cents per share, an increase of 10%. \n\"As we navigate an extended period of uncertainty, marked by rising global geopolitical tensions, financial market volatility and renewed inflationary pressures, AIA's core advantages remain as relevant to customers today as they have ever been,\" Lee Yuan Siong, the group chief executive and president, said in a statement on Thursday.\nAIA said it completed in June the US$1.7 billion share buy-back plan that was announced in March. It also reported a record high annualised operating return on equity at 17.5%, up from 15.5% in 2025.\nThe insurer has made an annual expense saving of US$200 million after investing some US$800 million to update its technology in recent years, Jones said. The technology developments have helped cut down administrative hours and enabled agents to focus on client services, he said.\nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2661236213","isCrawlerRequest":true}