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Express News | China Pacific Insurance Says Jan-July Accumulated Primary Insurance Premiums of China Pacific Life Insurance 170.6 Bln Yuan, Down 2.6%
Gtja: The inflection point of insurance company's liability cost will come, and the bullish will relieve the risk of interest rate differential loss.
GTJA Securities predicts that insurance companies will continue to focus on traditional insurance in terms of product structure, and the demonstrated dividend rate should decrease.
Bank of America Securities reiterated a "buy" rating on China Pacific Insurance (02601) with a target price of HKD 19.9.
Bank of America Securities expects that the new business value and net profit growth of China Pacific Insurance (02601) in the first half of the year will be better than that of its peers.
Northbound funds | Net purchase of 5.987 billion Hong Kong shares ETF by domestic funds to build positions again, and continue to sell HSBC (00005).
On August 6, the Hong Kong stock market saw a net buying amount of 59.87 Hong Kong dollars from northbound investment, with a net selling/buying amount of 3.208 billion Hong Kong dollars for the Shanghai-Hong Kong Stock Connect and a net buying amount of 2.779 billion Hong Kong dollars for the Shenzhen-Hong Kong Stock Connect.
Hong Kong stocks closed (08.06) | The Hang Seng Index fell 0.31%, with strong performances from education, medical, and photovoltaic stocks. Yum China (09987) soared 10% after its earnings report.
After the sharp drop in Asia-Pacific stock markets, they rebounded. Hong Kong stocks opened high collectively in the morning, and the Hang Seng Index once rose 1.77%; in the afternoon, the three major indexes all fell and the Hang Seng Index performed relatively resilient, repeatedly turning red during the session.
Hong Kong stocks fluctuate | Mainland insurance companies fell the most, with reserved interest rates for insurance dropping to 2.5% starting from September and proposing a dynamically adjusting market interest rate.
Mainland insurance companies saw the largest decline in stocks. As of press time, China Pacific Insurance (02601) fell 11.19% to HKD 17.94, China Life Insurance (02628) fell 4.35% to HKD 10.12, New China Life Insurance (01336) fell 2.03% to HKD 14.48, and PICC P&C (02328) fell 1.59% to HKD 9.9.
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