Mainland insurance companies continue their recent strong performance, as of the time of publication, Ping An Insurance (02318) rose by 4.77% to HK$43.85; New China Life Insurance (01336) rose by 3.79% to HK$19.7; China Pacific Insurance (02601) rose by 2.69% to HK$24.85; China Life Insurance (02628) rose by 2.1% to HK$13.6.
Wisdom Financial APP learned that mainland insurance companies continue their recent strong performance, as of the time of publication, Ping An Insurance (02318) rose by 4.77% to HK$43.85; New China Life Insurance (01336) rose by 3.79% to HK$19.7; China Pacific Insurance (02601) rose by 2.69% to HK$24.85; China Life Insurance (02628) rose by 2.1% to HK$13.6.
On the news front, the central bank recently introduced a series of stimulus measures, including a 0.5 percentage point reduction in the reserve requirement ratio, releasing 1 trillion yuan in RMB liquidity; establishing a 500 billion yuan RMB swap facility for securities firms, fund companies, and insurance companies. UBS Group stated in a report that if market sentiment continues to improve, mainland insurance companies may benefit from private equity investment returns and valuation increases.
Lyon released a research report stating that companies significantly below market-to-book value ratios should strengthen their value propositions, and major index stocks should establish systematic rules to enhance shareholder value, which would particularly benefit Ping An Insurance and China Pacific Insurance. Support for the real estate market policy should also improve investor sentiment, particularly benefiting Ping An Insurance. In addition, the Governor of the People's Bank of China mentioned that stable market funds are being studied, with remarks supporting stock market sentiment and benefiting mainland insurance companies' investment income. The bank believes that all policies show a positive change in regulatory thinking, possibly indicating that the government will take more actions.