GJCLIFE@EP2606A

Technical analysis indicates short-term bullish trend for China Life Insurance.

China Life Hubei Branch fined 1.17 million yuan for regulatory violations.

Hang Seng Index Quarterly Review Changes Effective March 9

China's 'Two Sessions' to convene, spotlight on insurance and pension finance policies.

China Life shares plunge nearly 6% intraday amid US tariff concerns and broader market correction.

HSI Plunges, China Life Leads Blue-Chip Decline

Southbound capital attention: China Life ranks on the Stock Connect active trading list.

Smart Finance releases Stock Connect fund flow statistics, China Life sees net selling from Southbound capital.

Insurance industry total assets exceed 41 trillion RMB, signaling continued fundamental improvement.

Asian stocks and insurers face pressure from Trump tariffs and AI concerns as A-shares reopen

Market focuses on Ping An Life increasing stake in China Life H-shares to over 10%.

China life insurance premiums projected to grow steadily from 2026 to 2030.

China Life plans to sign partnership agreement for Beijing Pension Fund by end of June.

Citi opens 'Positive Catalyst Watch' with a target price of HK$40.

Expected Ex-Dividend Date for China Life (Final Dividend)

JPMorgan upgrades Chinese stocks to 'Overweight', favoring high-dividend insurers like China Life.

China Life Group's 2025 investment income exceeds 400 billion RMB, laying the foundation for 2026 growth.

Hong Kong stocks surge at close, China Life Insurance rallies with the market

China Life (2628.HK) short selling data released, with short ratio maintaining at 24.78%.

Term life insurance products face discontinuation and price hikes starting March 1.

DAISHOMICROLINE

PUTIAN COMM

MOBI DEV

NANFANG COMM

ADD NEW ENERGY

ELIFE HLDGS

SIWI SCI & TECH

DTXS SILK ROAD

SANDMARTIN INTL

HAO BAI INTL

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000300

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According to data released by the National Financial Regulatory Administration, as of the end of last year, the balance of funds utilized by insurance companies was approximately 38.5 trillion yuan, a year-on-year increase of 15.7%. Among them, the balance of stocks and securities investment funds for life insurance and property insurance companies was about 5.7 trillion yuan, an increase of approximately 1.6 trillion yuan compared to the end of 2024, with a growth rate of 38.9%. The balance of stock allocation was approximately 3.73 trillion yuan, accounting for 9.7%, reaching a new high in nearly four years

Wallstreetcn

PING AN

CSI 300

CPIC

CHINA LIFE

Ping An

China Life

Last year, the balance of insurance funds invested in stocks and funds increased by approximately 1.6 trillion yuan

Citi has initiated a positive coverage on China Life, expecting a 47% growth in net profit for the fiscal year 2025 and a 38% annual growth in new business value. Citi believes that China Life will outperform its peers and provide positive information during its earnings release, giving it a "Buy" rating with a target price of 40 yuan, due to its brand, distribution network, and reform measures

AASTOCKS

Citi initiates positive coverage on China Life with a target price of 40 yuan

00HSI

02899

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The Hang Seng Index fell for the second consecutive day, reaching H$26,550, its lowest since February 6, down from a year-to-date high of H$28,000. This decline mirrors global stock trends, with US equities also retreating. Key companies in the index, including Zijin Mining and China Life Insurance, saw significant drops. Despite this, technical analysis suggests a potential rebound if the index remains above the 100-day moving average. The upcoming US consumer inflation report is anticipated to influence market movements further.

Invezz

Hang Seng Index

ZIJIN MINING

Zijin Mining

Hang Seng Index dips to a key support as global stocks retreat

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In 2025, the net profit of non-listed life insurance companies surged to 66.6 billion yuan, but net assets shrank by nearly 10 billion yuan, indicating a structural divergence of "profit increase without capital increase." The median comprehensive investment return rate dropped from 8.39% to 2.73%. Several insurance companies, such as BOC Samsung Life and CEB Grand China Life, despite achieving record high net profits, saw a significant decline in net assets, reflecting the impact of new financial instrument standards and market conditions

- In 2025, non-listed life insurance companies reported a misleading profit surge, with total net profits soaring to 66.6 billion yuan, up 165% from 2024.  
- Despite this profit increase, the median comprehensive investment return plummeted to 2.73%, and industry net assets fell by nearly 10 billion yuan, indicating a structural divergence of "increased profits without increased assets."  
- The primary drivers of this phenomenon stem from market volatility and the shift to new accounting standards, which have led to extreme fluctuations in net profits compared to net assets.

CEB Bank

BOCIC

Bank Of China

ChinaAMC CSI Banks ETF

CHINA EB LTD

CEB BANK

E Fund CSI 300 Financials (ex Banks) ETF

BANK OF CHINA

PICC GROUP

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

EB GRAND CHINA

Profit to the left, net assets to the right: Analyzing the "surface" and "substance" of the performance of unlisted life insurance companies

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ZIJIN GOLD INTL(02259) rose 9.06%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 56.7%. BILIBILI-W(09626) rose 5.16%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 31.1%. POP MART(09992) fell 5.49%, with a trading turnover 4.4 Billion HKD, and a year-to-date rose 35.9%. MINIMAX-WP(00100) fell 4.82%, with a trading turnover 681.6 Million HKD, and a year-to-date rose 210.9%.

- The Hang Seng Index increased by 0.31%, with a year-to-date gain of 6.4%, while the Hang Seng Tech Index rose by 0.9%, showing a year-to-date decline of 0.3%.  
- Zijin Mining International (02259) saw a rise of 9.06% with a trading volume of HKD 1.7 billion, resulting in a year-to-date increase of 56.7%.  
- Bilibili-W (09626) grew by 5.16%, with a trading volume of HKD 1.22 billion, reflecting a year-to-date increase of 31.1%, whereas Pop Mart (09992) fell by 5.49%, despite a year-to-date increase of 35.9%.

Top Gainers & Losers

ZIJIN GOLD INTL

BILIBILI-W

GANFENGLITHIUM

TECHTRONIC IND

TME-SW

POP MART

MINIMAX-WP

MONTAGE TECH

Top 5 HK Stock Gainers/Losers (>100B) (2.11)

HSCEI

STECH

09888

Hong Kong stocks performed strongly today, with the Hang Seng Index closing up 467 points at 27,027 points. The National Index and the Hang Seng TECH Index also rose by 136 points and 71 points, respectively. Domestic insurance stocks generally increased, with China Life and Ping An both rising by about 4%. Commodity stocks performed well, with gold and silver-related stocks up by 4.5% to 5.6%. Technology stocks rebounded, with Tencent, Baidu, and others all seeing gains. The overall market turnover was HKD 255.142 billion

Hang Seng China Enterprises Index

Hang Seng TECH Index

BIDU-SW

Ping An Insurance

SD-GOLD

FI2 CSOP HSI

FI CSOP HSI

EFUND GOLD MI ETF

EFUND GOLD MI-U

"Hong Kong Stocks" The Hang Seng Index closed up 467 points, with domestic insurance, commodities, and AI stocks rising. Zhizhu surged 36%

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The three major A-share indices closed higher for the day, with an increase of about 1% to 3%. The Shanghai Composite Index rose 1.4% to 4,123 points, the Shenzhen Component Index rose 2.2% to 14,208 points, and the ChiNext Index rose 3% to 3,332 points. Domestic insurance and real estate stocks strengthened, with Ping An rising 2.7% and China Life rising 3.2%. Real estate stocks such as Beijing Investment Development hit the daily limit, Vanke A and Gemdale rose 3% to 5.7%. Chip stocks performed strongly, with SMIC A rising 2% and Cambricon rising 4.8%. The central parity rate of the RMB against the US dollar was adjusted up by 67 points, reported at 6.9523

Yinhua CSI Interior Real Estate Theme ETF

Hwabao WP CSI 800 Real Estate ETF

Cambricon

Vanke

SMIC

Gemdale

CHINA VANKE

ChinaAMC CSI All Share Real Estate ETF

China Southern CSI All Share Real Estate ETF

The three major A-share indices of Shanghai and Shenzhen closed near their highs for the day, rising between 1.4% and 3%. Domestic insurance and real estate stocks strengthened, while semiconductor, computing power, and commercial aerospace stocks surged

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The Hong Kong stock market opened higher in the morning session influenced by the rise in US stocks, with the Hang Seng Index opening up and once rising by 524 points, closing up 385 points at 26,945 points. Domestic insurance and financial stocks performed strongly, with China Life and Ping An rising by 4.5% and 4.1% respectively. Technology stocks generally rose, with Tencent and JD.com increasing by 1.1% and 1.4% respectively. The overall market turnover reached HKD 136.256 billion

TENCENT

"Hong Kong Stocks" Hang Seng Index rises 385 points in half a day, with insurance and financial stocks leading the gains; POP MART rebounds over 5%

The Hong Kong Stock Exchange's disclosure shows that on February 2, Ping An increased its holdings in China Life by 10.895 million H shares, bringing its latest shareholding ratio to 10.12%, triggering relevant stake disclosure rules in the Hong Kong stock market

Insurance capital giants once again increase their stakes in peers

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Today, the Hong Kong stock market closed with all three major indices retreating. The Hang Seng Index fell by 1.21%, the Hang Seng Tech Index dropped by 1.11%, and the National Enterprises Index decreased by 0.68%. The overall market experienced a high-level correction, with key sectors such as internet, retail, and insurance generally weakening. Core stocks like Tencent Holdings, Alibaba -W, and AIA Group saw significant declines, reflecting rising risk aversion and weak consumer confidence. Market hotspots were concentrated in small-cap stocks like Southern Communications and Long Resources, which experienced significant fluctuations and active trading. External macro variables and liquidity expectations continue to impact the capital situation of Hong Kong stocks, leading to short-term market sentiment fluctuations

- Hong Kong's three major stock indices closed lower today, with the Hang Seng Index at 26,559.95 points, down 1.21%.  
- The market's decline is attributed to decreased investor risk appetite, impacting sectors such as internet content and retail, with major players like Tencent and Alibaba experiencing significant drops.  
- Recent macroeconomic data on retail and export performances continue to influence investor sentiment amid ongoing market volatility.

Market Heartbeat

KUAISHOU-W

BABA-W

JD-SW

MNSO

DRAGON MINING

KING'S STONE

CMON

XIAOMI-W

MEITUAN

Hong Kong Stock Market Closing | Hang Seng Index Pulls Back, Small-Cap Stocks like Southern Communications Surge, Internet and Insurance Sectors Lead Decline

The Hang Seng Index fell over 400 points in early trading, with AIA and China Life each dropping over 4%. The three major U.S. stock indices showed mixed results, with technology stocks under pressure. Hong Kong stocks opened lower this morning, with the Hang Seng Index once down 436 points, currently reported at 26,513 points, down 333 points or 1.2%. Major technology stocks such as Kuaishou, Alibaba, and Tencent all declined, while financial stocks dragged down the market, with AIA down 4.69% and China Life down 4.27%

The Hang Seng Index fell more than 400 points in the early session, with AIA and China Life each dropping over 4%. Mining and resource stocks were under pressure

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Standing at the intersection of the conclusion of the "14th Five-Year Plan" and the beginning of the "15th Five-Year Plan," China Life, the insurance giant with an asset scale exceeding 8 trillion, is attempting to launch a

- China Life Insurance aims to reshape its growth logic through a deep "digital transformation," with total assets exceeding 8 trillion yuan as it transitions from the 14th to the 15th Five-Year Plan.  
- The company reported a combined revenue of 1.28 trillion yuan, up 11.3% year-on-year, and a 17.6% increase in investment income, reflecting its strong asset management despite economic challenges.  
- Emphasizing digitalization, the management set quality development goals for 2026, focusing on improving operational efficiency and leveraging technology to enhance market competitiveness while maintaining risk control.

PICC Group

China Life Group's revenue grew by 11.3%, and the "digital intelligence transformation" continues to accelerate

Hong Kong stocks continued their upward trend on July 28, with the cryptocurrency, innovative drug, gaming, and insurance sectors performing well. Hong Kong's &#34;Stablecoin Ordinance&#34; will officially take effect on August 1, marking the countdown to stablecoin issuance; the innovative drug sector was boosted by Hengrui Pharmaceuticals securing a $12 billion order; insurance stocks extended their gains as industry anti-internal competition and interest rate cuts improved profit prospects; gaming stocks benefited from Macau's July gaming revenue exceeding expectations and Thailand's withdrawal of the casino bill.

HENGRUI PHARMA

Hengrui Pharma

INNOVENT BIO

3SBIO

CSPC PHARMA

OSL GROUP

SUNSHINE INS

SANDS CHINA LTD

Sands China

WYNN MACAU

CR HOLDINGS

SINO BIOPHARM

MELCO INT'L DEV

GUOTAI JUNAN I

AIA-R

AIA Group

SJM HOLDINGS

Hot Trades in Hong Kong Stocks (7.28)｜Cryptocurrency, Innovative Drugs, Insurance, and Gaming Sectors Shine, Hengrui Pharmaceuticals Soars 15% at Midday

On July 11, the three major stock indices in Hong Kong rose together. In terms of sectors, technology stocks rose collectively, and securities and brokerage stocks mostly increased.

ZA ONLINE

LAOPU GOLD

MIXUE GROUP

GUMING

WUXI APPTEC

WuXi AppTec

LIANLIAN

PICC P&C

MAO GEPING

BLOKS

Ping An Ins HK SDR2to1

CITIC SEC

CITIC Securities Co., Ltd.

EB SECURITIES

EBSCN

WUXI BIO

WuXi Biologics

CHICMAX

Xiaomi HK SDR 2to1

Xiaomi Corporation

AKESO

BEONE MEDICINES

BeOne Medicines

Beigene

REMEGEN

RemeGen

LINKLOGIS-W

The Hang Seng Index is approaching its highest level in nearly 3 years, with Chinese brokerage, insurance, and stablecoin concept stocks remaining hot!

GJCLIFE@EP2606A(24194.HK)

Last year, the balance of insurance funds invested in stocks and funds increased by approximately 1.6 trillion yuan

Citi initiates positive coverage on China Life with a target price of 40 yuan

Hang Seng Index dips to a key support as global stocks retreat

Profit to the left, net assets to the right: Analyzing the "surface" and "substance" of the performance of unlisted life insurance companies

Top 5 HK Stock Gainers/Losers (>100B) (2.11)