According to Zhitong Finance APP, mainland insurance companies saw an increase at the end of trading; as of the time of writing, New China Life Insurance (01336) rose by 4.66% to HKD 23.6; China Taiping (00966) rose by 4.07% to HKD 12.26; China Life Insurance (02628) rose by 4.06% to HKD 14.86; Ping An Insurance (02318) rose by 3.49% to HKD 46.

In terms of news, on November 19, the Director of the Monetary Authority, Li Yunze, stated at the Third International Financial Leaders Investment Summit that "Chinese-funded banks and insurance institutions are encouraged to establish overseas regional headquarters in Hong Kong, supporting banks and insurance institutions in both places to strengthen comprehensive collaboration, and providing one-stop financial services for Chinese-funded enterprises to 'go global'." Previously, the new 'National Ten Measures' mentioned 'steadily advancing global asset allocation' and 'encouraging Chinese-funded insurance institutions to steadily expand overseas business'.

SWHY pointed out that ‘going global’ refers both to insurance business ‘going global’ and insurance assets ‘going global’. Based on focusing on reducing liability costs, resolving interest spread risk may welcome new feasible solutions. It is recommended to pay attention to the marginal changes in overseas asset allocation and business expansion of leading companies in the future. The agency stated that it expects 'reform' will remain the key word in the next phase of the insurance industry’s development.