HK Stock Market Move | The day after being listed, Shouhuizhong Group (02621) fell more than 11%, a drop of nearly 30% from the offer price. The company is the second largest online insurance intermediary in China.

02/06/2025

Hand in Hand Group (02621) was listed on Friday last week, with a 18.19% drop on the same day. In early trading today, it fell over 11% again, hitting a low of 5.82 Hong Kong dollars, a 28% drop from the IPO price of 8.08 Hong Kong dollars. As of the time of writing, it had fallen by 11.2%, trading at 5.87 Hong Kong dollars, with a transaction volume of 11.41 million Hong Kong dollars.

The Shouhui Group (02621) was listed last Friday, with a drop of 18.19% on the same day. Today, the stock fell over 11% in early trading, hitting a low of HK$5.82, a 28% drop from the IPO price of HK$8.08. As of the time of writing, it had fallen 11.2% to HK$5.87, with a turnover of 11.41 million Hong Kong dollars. According to the prospectus, Shouhui Group is a Chinese life insurance intermediary service provider, dedicated to providing insurance services and solutions to policyholders and insureds online through a life insurance transaction and service platform. Shouhui Group owns three major platforms: Xiaoyusan Insurance Broker, Kacha Bao, and Niu Bao 100. Among them, Xiaoyusan Insurance Broker Co., Ltd., a wholly-owned subsidiary of Shouhui Group, is a nationwide insurance brokerage company and one of the earliest companies to operate internet insurance business in China. According to Frost & Sullivan data, in 2023, Shouhui Technology ranked eighth in the total premium of the Chinese life insurance intermediary market, with a market share of 2.9%; based on the total first-year premium of long-term life insurance in 2023, Shouhui Technology is the second largest online insurance intermediary in China, with a market share of 7.3%; based on the total long-term life insurance premium in 2023, Shouhui Technology is the second largest online insurance intermediary in China.