Mainland insurance companies continue to rise, as of the time of publication, $ZA ONLINE (06060.HK)$ rose by 7.32%, closing at 11.14 Hong Kong dollars; $CHINA TAIPING (00966.HK)$ rose by 6.31%, closing at 11.46 Hong Kong dollars; $NCI (01336.HK)$ rose by 5.86%, closing at 19.52 Hong Kong dollars; $PING AN (02318.HK)$ Rises by 5.08%, reporting 42.4 Hong Kong dollars.

On the news front, on September 24, the State Council Information Office held a press conference on 'financial support for the high-quality development of the economy.' Ping An Securities pointed out that this press conference is expected to bring more liquidity support to the market, and the combination of policies to deepen reform in the capital markets is also expected to boost the high-quality development of securities and insurance businesses, benefiting the fundamentals and investment sentiment repair of the non-banking sector.

Northeast Securities pointed out that from the perspective of the insurance industry, regulatory support for the healthy development of the real estate industry helps reduce the investment risks of insurance funds and safeguard the investment returns of companies; meanwhile, reserve requirement cuts, interest rate reductions, and the effective use of new monetary policy tools effectively reduce the financing costs of insurance companies, expand investment scale, and improve the performance of insurance companies in the context of policy stimulating market growth. It is recommended to focus on China Pacific Insurance and New China Life Insurance which have better recovery resilience, and the larger-scale investments in Ping An Insurance and China Life Insurance.

Editor/Rocky