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[Brokerage Focus] CITIC SEC: The Insurance Sector currently shows characteristics of a slow bull market, suggesting a medium to long-term layout.
Jinwu Finance News | CITIC SEC states that the bank believes that Insurance stocks in China are beginning a slow bull market. The reasons include: 1) The supply side is significantly clearing out, and life insurance business, especially the Silver insurance business, is continuously concentrating on leading companies. 2) The demand side is oriented towards the Fixed Income market, and in a low-interest-rate environment, similar competitive products have lost their relative competitive advantage. Over the past three years, insurance companies have occupied the market through traditional insurance, and in the future, they will meet market demand through dividend insurance. 3) Listed leading insurance companies are adopting differentiated competition strategies, bravely leading the trend, and showcasing their respective capability advantages. 4) The government has clearly set the CPI target for 2025 at around 2%, but long-term expectations and estimates...
Hong Kong stock market morning news | In February, nearly one trillion yuan of new Crediting was added in our country, and in the first two months, Coal sales volume of China Shenhua Energy decreased by more than 16% year-on-year.
① China's central bank released the financial data for February, with new Crediting approaching one trillion. ② The government launched a special action plan to boost Consumer spending, involving the stock market, wages, childbirth, Retirement, and other areas. ③ The Ministry of Industry and Information Technology arranged overnight investigations into issues exposed in the "3.15" gala. ④ The China Real Estate Association held a discussion meeting for private real estate companies.
China Pacific Insurance (601601.SH): In the first two months, The Pacific Life's premium income was 69.006 billion yuan, a year-on-year increase of 9.1%.
On March 14, Gelonghui reported that China Pacific Insurance (601601.SH) announced that from January 1, 2025, to February 28, 2025, its subsidiary China Pacific Life Insurance Co., Ltd. had a cumulative original insurance premium income of 69.006 billion yuan, a year-on-year increase of 9.1%. Its subsidiary China Pacific Property Insurance Co., Ltd. had a cumulative original insurance premium income of 39.718 billion yuan, a year-on-year increase of 1.9%.
Express News | China Pacific Insurance - Jan-Feb Accumulated Primary Premium Income of China Pacific Life Insurance Co RMB69.006 Bln
Trending Stocks Today: CPIC Jumps 10.5%
Hong Kong stocks movement | Mainland Insurance Companies rose across the board as long-term interest rates rebound helps ease allocation pressure, Institutions say the resonance of assets and liabilities may continue.
Mainland Insurance Companies rose across the board. As of the time of writing, China Pacific Insurance (02601) increased by 6.93%, reaching 25.45 HKD; New China Life Insurance (01336) rose by 5.95%, reaching 29.45 HKD; China Life Insurance (02628) grew by 5.28%, reaching 16.36 HKD; Ping An Insurance (02318) increased by 4.19%, reaching 48.5 HKD.
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