According to the Zhitong Finance APP, Mainland Insurance Companies rose in the afternoon, as of the time of publication, China Pacific Insurance (02601) rose by 3.38%, trading at 24.45 HKD; CHINA TAIPING (00966) rose by 2.06%, trading at 11.9 HKD; New China Life Insurance (01336) rose by 1.28%, trading at 23.8 HKD; China Life Insurance (02628) rose by 1.24%, trading at 14.74 HKD.

In terms of news, recent data on the insurance premiums of the five major listed insurance companies in A-shares for the first eleven months has been fully disclosed. The five listed insurance companies in A-shares reported a combined original premium income of 2.67 trillion yuan, a year-on-year increase of 5.6%. The data shows that the "trade-in" policy for Autos has spurred a significant year-on-year increase in vehicle sales, with the retail sales volume of the domestic narrow Passenger Vehicle market reaching 2.424 million units in November, a year-on-year increase of 16.6%. Thanks to this, the monthly insurance premium of PICC for vehicle insurance grew by 7.5% year-on-year to 26.514 billion yuan in November.

Zhangyin International published a Research Report stating that this year, China's Insurance Industry has entered a new stage of high-quality transformation under policy support and a low interest rate environment. The life insurance sector, in order to mitigate the risks of interest rate losses, has seen regulators lower the maximum pricing interest rate for life insurance by 100 basis points over the next two years, initiating a downward cycle in life insurance pricing. The bank indicates that the property insurance industry, along with the rapid increase in the ownership and penetration of Electric Vehicles, is expected to open further incremental space for auto insurance premiums; the introduction of innovative non-auto insurance products and the ongoing strengthening of regulatory risk reduction management lay the foundation for diversified Operation and high-quality development in the industry.