Gelong Exchange on September 23, with a wave of upward trend in insurance stocks in the A-share market, Hong Kong stocks rose. Ping An Insurance rose 1.55%, China Taiping rose 1.54%, China Life Insurance Company Limited rose 1.33%, and China Pacific Insurance rose 1%.

Yang Xiaoping, one of Ping An Insurance's non-executive directors, bought 100000 Pingbao H shares on the open market on Sept. 21, with an average price of HK $43 per share and a capital of about HK $4.3 million, according to the HKEx. Yang Xiaoping is vice chairman of CP Group and CEO of China. CP Group, also known as Bubong Group, is a Thai-funded enterprise and a single major shareholder of Ping An Insurance.