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Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Retail Investors Who Own 57% Along With Institutions Invested in Ping An Insurance (Group) Company of China, Ltd. (SHSE:601318) Saw Increase in Their Holdings Value Last Week
Ping An's MSCI ESG Rating Upgraded to AA, Tops APAC Multi-line Insurers & Brokers for Third Straight Year
Insurance stocks rose collectively, new china life insurance (01336) increased by 4.55%. Institutions expect that the pressure on the interest margin of insurance companies will gradually ease under regulatory guidance.
Jinwu Financial News | Insurance stocks have collectively risen, with New China Life Insurance (01336) up 4.55%, ZA Online (06060) up 4.07%, China Pacific Insurance (02601) up 3.83%, China Life Insurance (02628) up 2.8%, Sunshine Ins (06963) up 2.53%, and Ping An Insurance (02318) up 2.52%. Soochow believes that the current market demand for savings remains strong, and under the ongoing regulatory guidance encouraging insurance companies to reduce liability costs, the pressure on insurance companies' interest spread is expected to gradually ease. Recently, the yield on ten-year government bonds has fallen to around 1.96%.
Hong Kong stocks fluctuate | Mainland insurance companies collectively rise as leading insurance enterprises' 2025 New Year products are successively launched. Institutions expect the positive trend in sales to continue.
Mainland insurance companies collectively rose; as of the time of writing, New China Life Insurance (01336) increased by 4.97%, priced at 25.35 Hong Kong dollars; China Pacific Insurance (02601) rose by 4.43%, priced at 25.9 Hong Kong dollars; China Life Insurance (02628) climbed by 3.6%, priced at 15.52 Hong Kong dollars; Ping An Insurance (02318) increased by 2.19%, priced at 46.7 Hong Kong dollars.
Hong Kong stocks movement | Ping An Health (01833) rose over 16%. The company went ex-dividend today, distributing a special dividend of 9.7 Hong Kong dollars per share.
Ping An Health (01833) surged over 16%, as of the press time, up 16.42%, at HK$6.24, with a turnover of 0.19 billion Hong Kong dollars.
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. have you check before their history the lowest PE?
