Hong Kong Stock Review: Insurance Companies' Profits Surge

The Hong Kong stock market review shows that the net profit of the five major insurance companies in the first three quarters totaled RMB 147.2 billion, a year-on-year increase of 263%. The significant profit increase is mainly attributed to the recovery of the stock market in Q3 and the implementation of new accounting standards. Although the low interest rate environment puts pressure on insurance investments, insurance companies need to cope with the liability cost challenges of high-interest products. High-yield stocks such as CNOOC and Shenhua have become investment choices. The listing of Saudi Arabia's first Hong Kong ETF successfully attracted Middle Eastern funds, marking a gradual improvement in policies