FANH - Insurance Anyone? Fanhua Struggles To Sell New Policies In Omicron-Hit China
- Fanhua posted a 37% revenue decline and net loss in the first quarter as government efforts to contain the latest Covid-19 outbreaks crippled the Chinese economy.
- The company plans to pay its latest quarterly dividend in shares of an affiliate, switching from its past practice of paying cash.
- Fanhua’s valuation shows that investors still have some faith in the company.
For further details see:
Insurance Anyone? Fanhua Struggles To Sell New Policies In Omicron-Hit China