Source: Gelonghui
Insurance stocks in Hong Kong and A have collectively surged. Hong Kong stock market$CPIC (02601.HK)$up 6.45%,$MIN XIN HOLD (00222.HK)$,$CHINA TAIPING (00966.HK)$An increase of nearly 5%.
According to the news, the State Council recently issued “Certain Opinions on Strengthening Supervision and Risk Prevention and Promoting High-Quality Development of the Capital Market”. According to our understanding, this is the third capital market guidance document issued by the State Council after the two “Nine National Rules” in 2004 and 2014. Among them, the most interesting one is “vigorously promoting the entry of medium- to long-term capital into the market,” which mentions promoting indexed investment, encouraging insurance funds, bank financial management, trust funds, etc. to actively participate in the capital market and increase the scale of equity investment. For insurance companies, the new “National Nine Rules” are proposed to optimize the policy environment for insurance fund equity investment, implement and improve performance evaluation methods for state-owned insurance companies, and better encourage long-term equity investment. Improve the insurance fund equity investment supervision system, and optimize the information disclosure requirements of listed insurance companies. The new “National Nine Rules” have brought benefits to both insurance companies and insurance company investors. According to some market sources, insurance stocks had a large decline before, but are currently undervalued. This time, it is expected that the new “National Nine Rules” will be used as an opportunity to launch a relatively large rebound.
Furthermore, Dongwu Securities also 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.