{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX/02328",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# PICC P&C (Main Board: 02328) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is PICC P&C, listed on the Main Board of HKEX under ticker 02328, with ISIN CNE100000593. The LEI is not on the record, because the ISIN is not in the GLEIF mapping file on this node. The security type is Corporate. The segment and jurisdiction are not on the record, and the sector is not on the record. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 79 filings in the twelve months to 2026-11-04, on 44 filing days. The median gap between filing days is 5 days. The latest filing is dated 2026-11-02, two days before the record date, and is a monthly return. The Main Board median is 9.0 days of cadence gap, 46.0 filings, and 2.0 days of latency across 2472 issuers. The sector median is not on the record. The filings by type are 6 AGM/EGM, 31 announcements, 1 annual report, 2 circulars, 1 constitutional document, 11 director changes, 9 dividends, 1 ESG report, 1 interim report, 12 monthly returns and 4 results.\n\n## Auditor\n\nThe auditor of record is Ernst & Young. Its location is not on the record. Auditor changes are not on the record, because the market's register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because the market's register has no lifecycle type map yet. The issuer is listed and not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nEight research houses are named on the issuer's own investor-relations page: BOCOM International Holdings, CMS(HK), China Securities, Citigroup Global Markets Asia Limited, HAITONG SECURITIES CO.,LTD, Guotai Junan Securities, UOB Kay Hian Investment Consulting (Shanghai) Co., Ltd., and Daiwa Capital Markets Hong Kong Limited.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed, and no issuer years are sealed. The live record began on 2026-09-12. Years 2021 through 2026 are sealed in the store but are not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://mcp.hk-cm-kg.ai/events/HKEX/02328 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0401/2026040101640.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://property.picc.com/tzzgx/en/fenxishilianluo/ (coverage)\n- https://mcp.hk-cm-kg.ai/record/HKEX/02328 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "annual report 2026-04-01 (HKEXnews), Corporate Information, read by Tavily page extraction",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0401/2026040101640.pdf",
    "state": "confirmed",
    "value": "Ernst & Young"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX/02328",
  "coverage": {
   "count": 8,
   "houses": [
    {
     "analyst": "Li Wan",
     "house": "BOCOM International Holdings",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Jisha Zheng",
     "house": "CMS(HK)",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Xin Li",
     "house": "China Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Michelle Ma",
     "house": "Citigroup Global Markets Asia Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Ting Sun",
     "house": "HAITONG SECURITIES CO.,LTD",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Xinqi Liu",
     "house": "Guotai Junan Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Eric Wang",
     "house": "UOB Kay Hian Investment Consulting (Shanghai) Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    },
    {
     "analyst": "Leon Qi",
     "house": "Daiwa Capital Markets Hong Kong Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://property.picc.com/tzzgx/en/fenxishilianluo/",
     "result": "read: 8 of 16 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2472,
     "median_cadence_gap_days": 9,
     "median_filings": 46,
     "median_latency_days": 2,
     "name": "Main Board"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 6,
    "announcement": 31,
    "annual_report": 1,
    "circular": 2,
    "constitutional_document": 1,
    "director_change": 11,
    "dividend": 9,
    "esg_report": 1,
    "interim_report": 1,
    "monthly_return": 12,
    "results": 4
   },
   "cadence_median_gap_days": 5,
   "filing_days": 44,
   "filings": 79,
   "latency_days": 2,
   "latest": [
    {
     "category": null,
     "date": "2026-11-02",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1102/2026110201498.pdf",
     "title": "Monthly Return of Equity Issuer on Movements in Securities for the Month Ended 31 October 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-10-30",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1030/2026103001022.pdf",
     "title": "UNAUDITED RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2026",
     "type": "results"
    },
    {
     "category": null,
     "date": "2026-10-21",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1021/2026102100516.pdf",
     "title": "LIST OF DIRECTORS AND THEIR ROLE AND FUNCTION",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-10-21",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1021/2026102100508.pdf",
     "title": "ANNOUNCEMENT ON APPROVAL OF QUALIFICATIONS AS DIRECTOR AND CHAIRPERSON OF THE BOARD BY THE NATIONAL FINANCIAL REGULATORY ADMINISTRATION",
     "type": "director_change"
    },
    {
     "category": null,
     "date": "2026-10-20",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1020/2026102000971.pdf",
     "title": "DATE OF BOARD MEETING",
     "type": "agm_egm"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/02328",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Main Board"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "CNE100000593"
   },
   "jurisdiction": {
    "market": "HK",
    "reason": "no LEI record",
    "state": "not_on_record"
   },
   "lei": {
    "market": "HK",
    "reason": "ISIN not in the GLEIF mapping file (no name route on this node: no search layer by order)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "PICC P&C"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "02328"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:805ca6cd073d18384bc832481a05cb3f6ec5adaf51cec97cb0c9451857a4249f",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX/02328",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:805ca6cd073d18384bc832481a05cb3f6ec5adaf51cec97cb0c9451857a4249f",
 "path": "/hk/HKEX/02328",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is PICC P&C, listed on the Main Board of HKEX under ticker 02328, with ISIN CNE100000593. The LEI is not on the record, because the ISIN is not in the GLEIF mapping file on this node. The security type is Corporate. The segment and jurisdiction are not on the record, and the sector is not on the record. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 79 filings in the twelve months to 2026-11-04, on 44 filing days. The median gap between filing days is 5 days. The latest filing is dated 2026-11-02, two days before the record date, and is a monthly return. The Main Board median is 9.0 days of cadence gap, 46.0 filings, and 2.0 days of latency across 2472 issuers. The sector median is not on the record. The filings by type are 6 AGM/EGM, 31 announcements, 1 annual report, 2 circulars, 1 constitutional document, 11 director changes, 9 dividends, 1 ESG report, 1 interim report, 12 monthly returns and 4 results.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Ernst & Young. Its location is not on the record. Auditor changes are not on the record, because the market's register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because the market's register has no lifecycle type map yet. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "Eight research houses are named on the issuer's own investor-relations page: BOCOM International Holdings, CMS(HK), China Securities, Citigroup Global Markets Asia Limited, HAITONG SECURITIES CO.,LTD, Guotai Junan Securities, UOB Kay Hian Investment Consulting (Shanghai) Co., Ltd., and Daiwa Capital Markets Hong Kong Limited.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed, and no issuer years are sealed. The live record began on 2026-09-12. Years 2021 through 2026 are sealed in the store but are not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/02328"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0401/2026040101640.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://property.picc.com/tzzgx/en/fenxishilianluo/"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX/02328"
  }
 ],
 "title": "PICC P&C (02328) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}