光大证券认为，长期来看，一方面，随着银行存款利率多次下调，叠加银行理财与公募基金产品易受资本市场扰动，2.5%预定利率的储蓄型保险产品仍具一定吸引力；另一方面，预定利率动态调整机制将显著利好险企跟随市场变化及时调整负债成本，长期有助于行业提升资产负债管理水平。Insurance stocks continue to strengthen, as of the time of publication, AIA rose by 7.15%; Ping An Insurance rose by 3.4%; New China Life Insurance rose by 1.96%; China Pacific Insurance rose by 1.38%.
According to the Securities Times app, insurance stocks continue to strengthen, as of the time of publication,$AIA (01299.HK)$up by 7.15%;$PING AN (02318.HK)$up by 3.4%;$NCI (01336.HK)$They rose 1.96%;$CPIC (02601.HK)$Rising by 1.38%.
On the news front, the Central Political Bureau of the Communist Party of China held a meeting to discuss the current economic situation and deploy the next economic work. SHWY pointed out that the real estate industry is once again bullish, which will help further alleviate the market's risk-averse sentiment towards insurance companies' real estate risks on the asset side, suppressing the sector's valuation; expectations are high for the capital market's special policies to boost, subsequently promoting a set of policies for insurance capital entering the market.
Everbright Securities believes that in the long term, on the one hand, with the repeated reduction of bank deposit interest rates, coupled with bank wealth management and publicly offered fund products being vulnerable to capital market disruptions, savings-type insurance products with a 2.5% scheduled interest rate still have some appeal. On the other hand, the dynamic adjustment mechanism of scheduled interest rates will significantly benefit insurance companies in adjusting liability costs promptly in response to market changes, which is conducive to the industry's improvement in asset-liability management in the long run.
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