Ping An: Has actively allocated gold, with a strong trend in new orders in the first quarter

Ping An Insurance (02318.HK) Co-CEO Guo Xiaotao stated at the earnings press conference that the group adheres to long-term investment, and short-term market fluctuations are not important. This year has seen a lot of uncertainties, and the overall capital market has been quite volatile, but he believes that the overall capital market will improve throughout the year and that they can achieve stable returns across cycles.

He pointed out that gold is one of the important asset classes in the overall asset allocation. Since the beginning of last year, they have actively laid out gold assets, which have now reached expected returns. In the future, they will continue to regard gold as one of the asset classes and keep a close eye on its trends.

Ping An's Deputy General Manager Fu Xin mentioned that the trend of new orders in the first quarter is very good, with a strong performance at the start of the first quarter, and he believes that the performance of new business value throughout the year is worth looking forward to