Duokan 11th ｜ Ping An Insurance A shares are currently up 2.71% at 59.05 yuan, with a temporary turnover of 5 billion yuan and a latest market cap of 1.08 trillion yuan, up more than 55% year-to-date; Ping An Insurance H shares are currently up 2.88% at 50.05 Hong Kong dollars, with a year-to-date increase of over 53%. In terms of funds, the southbound funds net bought 21.487 billion Hong Kong dollars of Hong Kong stocks yesterday, including a net purchase of 0.789 billion Hong Kong dollars of Ping An Insurance. In addition, Xingzheng Global Fund's well-known fund manager Xie Zhiyu's Xingquan Heyi and Xingquan Herun disclosed the third quarter report for 2024. Overall, both funds significantly increased their holdings of China Ping An (A shares) in the third quarter, with Ping An Insurance entering the top ten holdings of both funds. Credit Suisse recently issued a research report pointing out that Chinese insurance companies have generally announced their third quarter results. In terms of core insurance business, companies like Ping An Insurance seem to outperform their peers. The bank slightly prefers three insurance companies including Ping An Insurance, all of which are rated "outperforming the market." CMB International also pointed out that Ping An Insurance recorded strong performance in the third quarter of 2024, with group net income and the new business value of life and health insurance both doubling. As we enter the fourth quarter of 2024, with clearer business prospects, the bank expects Ping An Insurance's new business value growth for fiscal year 2024 to exceed 20%, and it may maintain this growth momentum in the first quarter of 2025. With the rebound in investment returns and the low base in the fourth quarter of 2023, the bank believes that Ping An Insurance's performance in the second half of 2024 is expected to exceed expectations. (according to Guolonghui)