Special contributor Guo Jiayao: The market atmosphere remains prosperous, but after a significant accumulation of gains, consolidation at a high position is taking place.
Jinwu Financial News | The US stock market experienced significant fluctuations last Friday, as the latest non-Agriculture job data from the USA fell short of expectations. After a weak opening, the market significantly declined at first, then fluctuated and rebounded, with all three major indices closing with gains. The dollar weakened, the yield on the ten-year US Treasury note rose to 4.3%, gold prices showed weakness, and oil prices improved from their lows. The Hong Kong stock market's pre-market securities were generally soft, and a low opening is expected. The mainland stock market fell last Friday, with the Shanghai Composite Index opening low and continuing to decline, closing down 0.2%, while trading volume in the Shanghai and Shenzhen markets slightly decreased. The Hong Kong stock market fluctuated downward last Friday, initially rising after a low opening, before turning weaker again and closing with a modest decline.
Huachuang Securities: The pilot expansion of long-term investment by insurance funds is 60 billion, focusing on the cost-effectiveness of dividend asset allocation.
The long-term investment reform pilot brings clear incremental funds, and the style may favor assets with stable profits and a strong willingness to distribute dividends.
March 6 Insurance Daily | For five consecutive years included in the government work report, the national implementation of long-term care insurance is "ready to go"! Insurance companies are intensively issuing perpetual bonds.
For five consecutive years, long-term care insurance has been included in the government work report, and its nationwide implementation is "in the works." On March 5th, the 2025 government work report once again mentioned "accelerating the establishment of a long-term care insurance system." According to Statistics, this is also the fifth year since 2021 that long-term care insurance has been included in the government work report of the State Council. Reviewing the government work reports from recent years, the tasks related to long-term care insurance have evolved from "steadily promoting long-term care insurance system pilot programs" in 2023 to "advancing the establishment of a long-term care insurance system" in 2024, and then to "accelerating the establishment of a long-term care insurance system" in 2025.
Hong Kong stocks are moving differently | Mainland Insurance Companies strengthened in the morning session. The pilot for investment in Private Equity by financial asset investment companies will further expand. The advantages of long-term investment of I
Mainland Insurance Companies strengthened in the morning. As of the time of publication, New China Life Insurance (01336) rose by 4.16% to HKD 27.55; CHINA TAIPING (00966) rose by 3.99% to HKD 11.98; AIA (01299) rose by 3.68% to HKD 63.4; Ping An Insurance (02318) rose by 3.44% to HKD 48.05.
Chinese financial stocks rose across the board as the government work report proposed timely cuts in reserve requirement ratios and interest rates.
Jinwu Financial News | Chinese financial stocks are rising across the board, with significant gains in China Mainland Banking stocks. Bank Of Communications (03328) rose by 2.87%, Bank Of China (03988) rose by 2.49%, MINSHENG BANK (01988) rose by 2.42%, CEB BANK (06818) rose by 1.94%, Industrial And Commercial Bank Of China (01398) rose by 2.01%, Postal Savings Bank Of China (01658) rose by 1.60%. In terms of Mainland Insurance Companies, China Pacific Insurance (02601) rose by 2.88%, China Life Insurance (02628) rose by 2.28%, ZA ONLINE (06060) rose by 2.17%, China Pacific Insurance.
Express News | New China Life Insurance Says Plans to Issue up to 10 Bln Yuan Worth of Perpetual Capital Bonds
New China Life Insurance Announces Board Composition
Major measures for financial opening! Lowering the access threshold for Financial Institutions from Hong Kong and Macao to the mainland. How will capital from Hong Kong and Macao ignite the mainland Insurance market?
① On one hand, it will help accelerate overseas Financial Institutions' investment in China's Insurance market, partially alleviating the current capital tightness in the Insurance Industry; ② On the other hand, it will also be beneficial in introducing products and experiences from mature Insurance markets; ③ Some experts believe that if a capital investment of billions of dollars comes in, it could leverage a large-scale premium.
Hong Kong stocks are fluctuating | The Mainland Insurance Companies expanded their gains at the close as regulators continue to guide insurance companies to reduce liability costs. The rise in long-term interest rates helps alleviate allocation pressure.
The Mainland Insurance Companies' gains expanded at the close, as of the time of writing, New China Life Insurance (01336) rose by 6.89%, priced at 28.7 Hong Kong dollars; China Pacific Insurance (02601) rose by 6.39%, priced at 25.8 Hong Kong dollars; The People's Insurance (01339) rose by 5.12%, priced at 4.11 Hong Kong dollars; Ping An Insurance (02318) rose by 4.73%, priced at 48.7 Hong Kong dollars.
Guosen: In 24Q4, the yield on Insurance investment significantly rebounded, remaining Bullish on long-duration Bonds and high-dividend Stocks allocation opportunities.
In the context of "Asset Scarcity," expanding investment channels for Insurance has become an important means of stabilizing medium to long-term investment returns. The bank remains Bullish on allocation opportunities in long-duration Bonds and high-dividend Stocks.
Goldman Sachs Keeps Their Sell Rating on New China Life Insurance Co., Ltd. Class H (1336)
Mainland Insurance Companies increased against the market trend, New China Life Insurance (01336) rose by 5.67%. Institutions indicate that the long-end interest rate trend remains one of the important influencing factors for the valuation center.
Golden Financial News | Mainland Insurance Companies rose against the market; New China Life Insurance (01336) increased by 5.67%, China Life Insurance (02628) increased by 4.34%, and Ping An Insurance (02318) increased by 2.54%. The National Financial Regulatory Bureau announced that commercial banks achieved a cumulative net income of 2.3 trillion yuan last year. In the fourth quarter of last year, the average return on capital for commercial banks was 8.1%, and the average return on assets was 0.63%. At the end of the fourth quarter of 2024, the balance of loan loss provisions for mainland commercial banks was 6.9 trillion yuan, a decrease of 148.6 billion yuan from the previous quarter; the provision coverage ratio was 2.
Huachuang Securities: Under the new standards, the quarterly performance fluctuations of insurance companies are the main focus in the short term.
The current core concern in the Insurance Sector remains the potential "interest spread loss" crisis, and the trend of long-term interest rates continues to be one of the key factors influencing the valuation center; under the new standards, quarterly performance volatility is the main short-term focus.
Hong Kong stocks are moving differently | Mainland Insurance Companies are collectively rising, and the investment return rate in the Industry in 2024 has significantly improved. Institutions state that both the liability and asset sides in the Industry h
Mainland Insurance Companies collectively rose. As of this writing, New China Life Insurance (01336) increased by 6.24% to 28.1 HKD; China Life Insurance (02628) rose by 5.13% to 15.98 HKD; CHINA TAIPING (00966) climbed by 3.77% to 12.66 HKD; Ping An Insurance (02318) increased by 3.28% to 48.75 HKD.
New China Life Insurance (01336.HK) was subject to a shareholding reduction of 0.1534 million shares by Blackrock.
On February 21, according to the latest equity disclosure information from the Stock Exchange, on February 13, 2025, New China Life Insurance (01336.HK) was reduced by BlackRock, Inc. in the market, selling 0.1534 million shares at an average price of 24.80 HKD per share, involving approximately 3.8043 million HKD. After the Shareholding reduction, the latest number of shares held by BlackRock, Inc. is 51,573,436 shares, and the shareholding ratio has decreased from 5.00% to 4.99%.
Insurance capital frequently welcomes policy dividends in the market. Are there still constraints? Voices from the Industry have emerged | Focus on long-term capital entering the market②
① Equity investments intensify the consumption of capital, and life insurance companies continue to face pressure for capital replenishment; ② The large minimum capital requirements significantly restrict the scale of insurance capital entering the market, creating a dilemma between capital occupation and returns for insurance companies; ③ The industry calls for the introduction of measures to reduce capital occupation and provide incentives.
After the surge of DeepSeek, Insurance Institutions continue to get involved, do small and medium insurance companies have an opportunity for a "comeback"?
① Currently, the application areas of Insurance Institutions connecting to the DeepSeek large model mainly focus on providing information to agents, and will expand to asset management, risk control, and other full-link business scenarios in the future. ② Small and medium-sized Insurance Institutions have relatively limited human and technical resources, and the DeepSeek model offers a high cost-performance ratio. Users can utilize more advanced AI technology to be more competitive in a data-driven market.
Express News | BlackRock's Long Position in H Shares of New China Life Insurance Increases to 5.00% on Feb 12 From 4.33% - Filing
February 17 Insurance Daily丨Central Huijin will hold a controlling stake in China Agricultural Reinsurance! The switch of accounting standards reshapes the Industry landscape, and many insurance companies performed a "magic trick" to report profits last y
The transfer of equity has increased to five Institutions. On February 14, the Central Huijin announced that the company's controlling Shareholder, the Ministry of Finance, will transfer all of its shares in the company, accounting for approximately 55.90% of the total issued shares, to Central Huijin Investment Co., Ltd. free of charge. The company is currently preparing for regulatory approval procedures. After the transfer is completed, the Ministry of Finance will no longer hold any shares in China Re, and Central Huijin will hold approximately 55.90% of the shares in China Re, becoming the company's controlling Shareholder. (Shanghai Securities Journal) The switch in accounting standards is reshaping the Industry landscape, with several Insurance companies reporting profit changes last year.
SWHY: Medium and long-term funds focus on 5 types of targets for market entry, insurance companies welcome a new wave of stock acquisitions.
The entry of medium- and long-term funds into the market has entered a stage of implementation, with insurance capital playing a key role. The current wave of stake acquisitions is expected to continue, and further support for policies on the asset side is yet to be released.