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| HSI1 | 19,720.70 | -31.81 | 178.46B |
| HSCEI1 | 7,143.88 | -8.25 | 87.21B |
| Back Zoom + Zoom - Block Traded | |
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2024-12-18 09:39:16 China's insurance industry is entering a new phase of high-quality transformation this year under policy support and a low-interest-rate environment, CMBI issued a report saying. To mitigate the risk of interest rate spread losses, the life insurance sector has seen regulators lower the upper limit of life insurance pricing rates by 100 bps over two years, initiating a downside cycle for life insurance pricing rates. Stock prices in the insurance sector experienced volatility and adjustments in 4Q, reflecting more of a strategic play on policy expectations, CMBI added. The broker kept an Overweight rating on the sector and recommended buying leading insurers with better asset-liability matching and sustained growth momentum, namely CPIC (02601.HK), CHINA LIFE (02628.HK), PING AN (02318.HK), and AIA (01299.HK). ~ AAStocks Financial News Web Site: www.aastocks.com | |