MB-NCI @EC2612A(18161.HK)

The large financial sector collectively strengthened, with Caitong Securities hitting the daily limit, Industrial Securities, NCI, and CPIC rising, and Bank of Ningbo exceeding 5%

New China Life Insurance Co. Ltd. Held Shareholder Meeting

New China Life Insurance Co. Ltd. held its 2025 Third Extraordinary General Meeting on October 31, 2025, where shareholders approved amendments to the Articles of Association and abolished the Board of Supervisors, along with its Rules of Procedures. This information was published via the Issuer Information Service by the Hong Kong Stock Exchange.

The "opening red" effect begins to show, with CPIC and NCI's latest premium announcements achieving steady growth

CHINA TAIPING also announced a performance growth forecast of over 200%

The Hong Kong Index closed at 26,458 points, down 251 points; the Hang Seng Tech Index closed at 5,738 points, down 86 points. Alibaba fell over 3%. China Life, Nanshan Aluminum International, ND PAPER, CHINA TAIPING, and NCI reached new highs with active trading

The Hang Seng Index closed at 26,458 points, down 251 points or 0.9%; the Hang Seng Tech Index reported 5,738 points, down 86 points or 1.5%. Alibaba fell over 3%, with a transaction volume of CNY 276.134 billion. China Life, Nanshan Aluminum International, ND PAPER, CHINA TAIPING, and NCI reached new highs, with active trading

The Advancing Insurance: Not Just a Transaction "New Year Opening", Long-term Bonds at 2% Threshold and Returning to 1x P/EV

On January 5, 2026, the insurance sector surged over 6%, with NCI and CPIC reaching all-time highs. Analysts believe that the insurance sector has experienced a cyclical logic of "improved expectations for the New Year - long-term interest rates rebounding - index rally strengthening profit elasticity." It is expected that the new business growth rate of listed insurance companies in the first quarter of 2026 will be 30%, with the growth rates for bancassurance and individual insurance at 50% and 20%, respectively. Attention should be paid to signals of long-term interest rates breaking through 2.0%, as there are divergences in the market regarding the trend of ten-year government bond yields