CTCLIFE@EC2609A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

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601628

601995

02628

The CICC research report points out that China Life's new business value (NBV) will grow by 35.7% to RMB 45.75 billion in 2025, and the net profit attributable to shareholders will increase by 44.1% to RMB 154.1 billion. The company is promoting the transformation of floating income-type businesses, with the proportion of participating insurance in the first-year premium of individual insurance channels approaching 60%, and the cost of new business liabilities guarantee has decreased by more than 60 basis points. CICC maintains an "outperform the industry" rating, adjusts the earnings per share for the fiscal year 2026 to RMB 4.46, and introduces the earnings per share for the fiscal year 2027 at RMB 5.14, with the target price unchanged

AASTOCKS

CICC

China Life

CHINA LIFE

In "The Big Banks," CICC indicates that China Life's new business liability guarantee costs have significantly improved, maintaining an "outperform industry" rating

00HSI

513750

The Hong Kong stock market ended its two-day winning streak, with the Hang Seng Index dropping 479.52 points (1.89%) to close at 24,856.43. The market is expected to open lower again due to negative global forecasts influenced by Middle East conflict concerns. Major losses were seen in financial, property, and technology sectors, with notable declines from Alibaba Group (-4.58%) and China Life Insurance (-8.48%). Wall Street also experienced significant losses, impacting Asian markets.

nasdaq

Hang Seng Index

AXA SPDB CSI Hugangshen Game and Culture Media ETF

ChinaAMC Hang Seng ETF

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

China Southern Hang Seng ETF

KraneShares 2x Long BABA Daily ETF

E Fund CSI Hongkong Bond Investment Theme ETF

E Fund CSI HK Connect Internet ETF

BABA 2x Long Daily ETF - GraniteShares

Hwabao CSI HK Equities Internet ETF

BABA-W

Alibaba

Lower Open Called For Hong Kong Shares

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The three major A-share indices opened lower by 1% to 1.3%, with the Shanghai Composite Index at 3,852 points, the Shenzhen Component Index at 13,423 points, and the ChiNext Index at 3,236 points. Domestic bank stocks generally opened lower, with China Life down 1.1%. Chip stocks performed weakly, with SMIC opening down 0.9% and Hua Hong down 2.3%. Domestic GPU stocks also opened lower, with MetaX down 2.1%. Meanwhile, the central parity rate of the RMB against the USD was reported at 6.89141, and the People's Bank of China conducted reverse repurchase operations, with a net injection of 125.7 billion yuan

SMIC

Hua Hong

MetaX

The three major A-share indices of Shanghai and Shenzhen opened lower by 1% to 1.3%, with chip and domestic GPU stocks showing weakness, and China Life continuing to decline

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How was "Comprehensive Success" achieved?

- In 2025, China Life Insurance achieved a net profit of 154.1 billion yuan, up 44.1% year-on-year, amidst a challenging insurance market.  
- The company is transitioning to dividend insurance to mitigate long-term interest rate risks while restructuring its asset-liability management, striving to meet client return expectations.  
- However, maintaining a balance between market volatility and customer obligations poses ongoing challenges for the insurer, emphasizing the need for strategic operational transformation.

Wallstreetcn

PICC Group

China Life Re-walks the Trillion-Asset Balance Beam

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Hong Kong stocks fell today, with the Hang Seng Index closing at 24,856 points, down 479 points or 1.9%. Some stocks, such as China Life and KUAISHOU-W, saw their prices drop after earnings announcements, while POP MART fell by 10.5%. The market is focused on the possibility of a ceasefire agreement between the United States and Iran, with the Dow Jones and Nasdaq slightly up. Northbound trading recorded a net inflow of 3.34 billion yuan, with a total transaction volume of 261.662 billion yuan

POP MART

KUAISHOU-W

CSOP HS TECH

ISHARESHSI

CSOP HSI ETF

"Market Review" Hong Kong stocks fall below 25,000; KUAISHOU-W, China Life, and POP MART face selling pressure

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On March 26, the three major Hong Kong stock indices collectively retreated, with the HSI closing down 1.89% and the Hang Seng Tech Index falling 3.28%. Market sentiment for taking profits at high levels was strong, with Kuaishou plunging over 14% and Pop Mart dropping more than 10%. The overall market trended toward caution amid macroeconomic external demand pressure and insufficient consumption momentum, with capital concentrating in energy leaders and certain stocks with unusual performance results

- On March 26, Hong Kong's major indices declined, with the Hang Seng Index closing at 24,856.43, down 1.89%.  
- Retail sectors like jewelry and toys struggled due to weak consumer demand, while tech stocks fell significantly, especially Kuaishou, which dropped 14.04%.  
- Investors are focused on economic data related to trade and monitoring the uncertain external environment and its impact on local consumption and risk appetite.

Market Heartbeat

CHOW TAI FOOK

TENCENT

NTES-S

JD-SW

KINGSOFT

DELTON

LENOVO GROUP

LI AUTO-W

LEAPMOTOR

XIAOMI-W

YOFC

CNOOC

Hong Kong Stocks Close | HSI Falls 1.89% as Kuaishou and Pop Mart Plunge

GOEX

GOAU

The three major A-share indices fell throughout the day, with the Shanghai Composite Index down 1.1%, the Shenzhen Component Index down 1.4%, and the ChiNext Index down 1.3%. China Life's stock price dropped 4.4%, despite an expected 44.1% growth in net profit for 2025. Gold mining stocks retreated in the afternoon, while solid-state battery concept stocks rose against the trend. The central parity rate of the RMB against the US dollar was adjusted to 6.89056, and the People's Bank of China conducted reverse repurchase operations, with a net injection of 211 billion yuan

GLOBAL X Gold Explorers

Newmont

Us Gbl GLD & Met

Kinross Gold

SPDR Gold Minishares

Microsectors Gold Miners 3x Leveraged ETN

Zijin Mining

ChinaAMC Gold ETF

VanEck Junior Gold Miners ETF

SPDR Gold Shares

Direxion Daily Gold Miners Bull 2X

Sprott JR Gold Miners ETF

SD-GOLD

VanEck Gold Miners ETF

Agnico Eagle Mines

EFUND GOLD MI-U

Pro Ultr GLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ZHONGJIN GOLD

YieldMax Gold Miners Opt Inc Strgy ETF

EFUND GOLD MI-R

EFUND GOLD MI ETF

iShares MSCI Global Gold Miners

iShares Gold Trust

Sprott GLD Miners Etf

Direxion Daily Jr Gold Miners Bull 2X

Abrdn Gold ETF Trust

Gold.com

Roundhill Gold Miners Weeklypay ETF

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fell by 1% to 1.4% throughout the day. China Life dropped by over 4% after its earnings report, gold mining stocks retreated in the afternoon, while battery concept stocks rose against the trend

Hong Kong stocks were under pressure during intraday trading on March 26, with the three major indices collectively retreating, led by the Hang Seng TECH Index. The jewelry retail, catering, and internet content sectors saw the largest declines, while POP MART and Kuaishou were actively traded but experienced sharp price drops. Overall market sentiment remains cautious as investors closely monitor Federal Reserve policy directions and economic trends in mainland China

- As of March 26, Hong Kong stocks are experiencing pressure, with major indices retreating after yesterday's highs, reflecting cautious sentiment.  
- The Hang Seng Index reported a drop of 1.86%, while the Hang Seng Technology Index fell by 3.06%, indicating widespread declines in retail and internet sectors due to weakened consumer confidence.  
- Investors are closely monitoring U.S. Federal Reserve policies and domestic economic growth, influencing market dynamics and liquidity concerns moving forward.

PHANCY

SENSETIME-W

BRIGHT SMART

MENGNIU DAIRY

MEITUAN

Hang Seng TECH Index

Hong Kong Stocks Intraday | Hang Seng Index Down 1.86%, POP MART Drops Over 11%

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China Life Insurance's shares in Hong Kong fell to a four-month low, dropping 9.3% to 24.82 HKD after mixed annual results. Despite a 44% rise in net profit to 154.08 billion yuan, the results were 6% below estimates, primarily due to an implied net loss on investments. Analysts from DBS described the results as mixed, while Citi remained optimistic, highlighting robust new business value growth and increased dividends. Both banks retained buy ratings, with Citi maintaining a target price of HK$40.00 and DBS reviewing its HK$36.20 target.

marketscreener

SINO-LIFE GROUP

China Life's Hong Kong Shares Hit Four-Month Low on Mixed Results

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300168

China Life Insurance Signs Tech Partnership with Wonders Information

E Fund CSI 300 Financials (ex Banks) ETF

ChinaAMC SSE Financials Sector ETF Initiating Fund

Wonders Information

China Life Insurance Signs Tech Partnership with Wonders Information

STECH

The Hang Seng Index's afternoon decline once expanded to over 500 points, the Tech Index fell nearly 3%, KUAISHOU-W dropped 13%, and POP MART and CHINA LIFE fell by 8% to 9%

The Hang Seng Index's afternoon decline once expanded to over 500 points, the Tech Index fell nearly 3%, KUAISHOU-W dropped 13%, and POP MART and CHINA LIFE fell by 8% to 9%

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HSCEI

Asian indices, including the Hang Seng, Nikkei 225, Shanghai Composite, and Kospi, fell on Thursday, reversing gains from the previous day amid rising optimism about US-Iran talks. The Nikkei 225 dropped 150 points, while the Hang Seng, Shanghai Composite, and Kospi fell by 350, 30, and 150 points, respectively. Concerns over the ongoing war in Iran and rising crude oil prices contributed to the decline. Major companies in the region, such as China Life Insurance and Meituan, saw significant losses, reflecting a risk-off sentiment among investors.

Invezz

SSE Index

Conglomerates Index

Hang Seng China Enterprises Index

Pro Ultrshrt Yen

Meituan

Here's why the Hang Seng, Nikkei 225, Kospi, and Shanghai Composite are falling

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

CPIC

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

Ping An Ins HK SDR2to1

Ping An

Ping An Insurance

CITIC SEC

CITIC Securities Co., Ltd.

EB SECURITIES

EBSCN

WUXI BIO

WuXi Biologics

CHICMAX

Xiaomi HK SDR 2to1

Xiaomi Corporation

AKESO

CHINA EB LTD

BEONE MEDICINES

BeOne Medicines

Beigene

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

CTCLIFE@EC2609A(26575.HK)

CTCLIFE@EC2609A Stock Performance Chart

In "The Big Banks," CICC indicates that China Life's new business liability guarantee costs have significantly improved, maintaining an "outperform industry" rating

Lower Open Called For Hong Kong Shares

The three major A-share indices of Shanghai and Shenzhen opened lower by 1% to 1.3%, with chip and domestic GPU stocks showing weakness, and China Life continuing to decline

China Life Re-walks the Trillion-Asset Balance Beam

"Market Review" Hong Kong stocks fall below 25,000; KUAISHOU-W, China Life, and POP MART face selling pressure