Grace Market October 17th | Lyon released a research report stating that several domestic insurance companies have announced profit growth, starting with new china life insurance, followed by china pacific insurance, picc p&c, and ping an insurance. This growth is mainly driven by investment income brought about by the stock market rebound at the end of September, in line with the bank's expectations. The bank also mentioned that such a strong stock market rebound and the related third-quarter profit growth may be difficult to replicate in the fourth quarter. The bank focuses on individual stocks with improved fundamentals and cheap valuations, recommending stocks including CPIC, PICC, Ping An Insurance, and China Pacific Insurance, all rated as outperforming the market.