No Data
No Data
Hong Kong stocks surged | The People's Insurance (01339) rose more than 3%, leading the mainland insurance companies. Citigroup said that the majority of insurance companies performed better than expected in the first half of the year.
Mainland insurance companies continued their recent upward trend. As of the time of writing, the People's Insurance (01339) rose 3.05%, to HKD 3.04; PICC P&C (02328) rose 2.93%, to HKD 10.54; China Pacific Insurance (02601) rose 2.23%, to HKD 20.65; Ping An Insurance (02318) rose 0.85%, to HKD 35.4.
Head insurance asset management profit remained stable with slight increase in the first half of the year, but the industry is generally concerned about increased pressure in the second half of the year. "Stocks and bonds both face challenges."
① According to multiple insiders in the insurance asset management industry, the investment performance of various institutions in the bond market improved in the first half of the year. However, the subsequent challenges of the stock and bond markets will test the investment capabilities of these institutions. ② Some industry experts pointed out that currently, it is difficult to invest in non-standard (products). The latest data shows that the business of innovative products in insurance asset management contracted in the first half of the year, and the issuance of non-standard bond rights is still in a downward trend.
China Merchants Securities: High dividend stocks are expected to continue to be a key direction for increases in risky assets allocation.
China Merchants released research reports stating that the investment assets of listed insurance companies account for a large proportion of the industry, with a steady and healthy growth in scale in the first half of 2024, maintaining a balanced and stable allocation structure, and a significant improvement in the total investment yield.
Hong Kong Exchanges and Clearing Limited will launch a weekly series of stock options starting from November 4th for trading.
HKEX will launch ten listed stock options contracts, which will be available for market participants to trade from November 4, 2024.
After the mid-term report, the stock price has risen by 9%, and the brokerage collectively bullish on Ping An Insurance.
The opportunity on the right may have already emerged.
Hong Kong Stock Market: New China Life Insurance (01336) rose more than 9%, leading the mainland insurance companies. The prosperity of the life insurance liability side in the third quarter may continue to improve.
Mainland insurance companies continue to rise in the near term. New China Life Insurance (01336) rose 9.9%, closing at HK$17.32; China Pacific Insurance (02601) rose 4.73%, closing at HK$20.15; China Life Insurance (02628) rose 4.64%, closing at HK$11.72; Ping An Insurance (02318) rose 3.05%, closing at HK$37.15.
No Data