China Taibao (02601) rose more than 4% and rose 4.57% to HK$15.56 at press time, with a turnover of HK$107 million.
The Zhitong Finance App learned that China Taibao (02601) rose by more than 4% and rose 4.57% at press time to HK$15.56, with a turnover of HK$107 million.
On the purchase, the company previously announced that from January 1, 2024 to March 31, 2024, the company's subsidiary China Pacific Life Insurance Co., Ltd.'s cumulative original insurance business revenue was RMB 91,686 billion, down 5.4% year on year. The company's subsidiary China Pacific Property Insurance Co., Ltd.'s cumulative original insurance business revenue was RMB 62,491 billion, up 8.6% year on year.
Dongwu Securities believes that investment opportunities in insurance stocks are gradually shifting from the left to the right. Currently, what hangs above the valuation of life insurance stocks is still the sword of Dharma Clix. Concerned about the possibility that 2H24 interest rates will be lowered again, the safe-haven advantage of financial insurance stocks will continue. The active capital market policy continues to be strengthened, and strict supervision is being carried out to clear up market chaos. As the foundation of the long-term capital entry guarantee system, insurance stock investment income expectations have improved.
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