<p>The situation in the Middle East is tense, causing fluctuations in global markets. Eric Wu, Co-CEO of Ping An Insurance (2318), stated that they will closely monitor trends and fluctuations in overseas markets and the overall changes in the capital market, including movements related to U.S. Treasury bonds. However, he emphasized that Ping An's investment logic is long-term and cross-cycle. While short-term market fluctuations will be continuously tracked, investment decisions will focus more on medium to long-term structural changes and underlying driving factors. Despite the significant market volatility, he believes that the overall capital market will perform well this year.</p>
<p>He pointed out that this year is filled with uncertainties, and the capital market is relatively volatile, but he believes that the overall capital market will perform well throughout the year. The group's core investment philosophy this year is to &#34;find certainty amid uncertainty.&#34; He continued to say that their investment team has accumulated many years of experience over the past decade, building a strong foundational capability in providing stable and sustainable returns across cycles.</p>
<h2>Gold Continues to Be a Strategic Asset Allocation</h2>
<p>Regarding gold investment, he mentioned that gold is an important asset class in their asset allocation. They have actively allocated a certain amount of gold investments since early last year, and in today's environment, the investment returns from gold have met expectations. In the future, Ping An will continue to regard gold as a strategic asset allocation.</p>
<p>Last year, Ping An's insurance fund investment portfolio reached RMB 6.49 trillion, an increase of 13.2% from the beginning of the year; the comprehensive investment return rate was 6.3%, up 0.5 percentage points year-on-year.</p>
<h2>Support for Relaxing &#34;Two Participations and One Control&#34; for Domestic Banks</h2>
<p>Regarding the potential relaxation of the &#34;two participations and one control&#34; requirements for domestic banks by regulators, he believes such measures are beneficial for the standardized development of the entire financial industry and the healthy operation of the capital market. Therefore, Ping An supports this; at the same time, Ping An will actively strengthen communication with regulators. Once relevant policies are clearly implemented, they will conduct in-depth research immediately and prudently assess and dynamically optimize their investment strategies in bank stocks and other financial sectors.</p>
<h2>New Business Value Growth of 29.3% Last Year</h2>
<p>Last year, Ping An's new business value in life and health insurance reached RMB 36.897 billion, a year-on-year increase of 29.3%. Deputy General Manager and Chief Financial Officer Fu Xin stated that in the first three quarters of last year, the adjustment of the regulatory prescribed interest rate released a significant amount of purchasing power from customers. At the end of the year, the group made some prudent assumption adjustments, which had a slight impact but would provide more flexibility for the future. He believes this year will have a very strong start</p>

SGDJ

NUGT

<p>Ping An Insurance (2318) Co-CEO Guo Xiaotao stated that despite global market fluctuations, Ping An's investment decisions will focus on medium to long-term structural changes. He believes that the overall capital market will improve this year and views gold as a strategic asset allocation. Last year, Ping An's insurance fund investment portfolio grew to RMB 6.49 trillion, with a comprehensive investment return rate of 6.3%. At the same time, Ping An supports the relaxation of the regulatory requirements for the "two participations and one control" of domestic banks and will strengthen communication with regulators</p>

Stheadline

Sprott JR Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

SPDR Gold Shares

Abrdn Gold ETF Trust

EFUND GOLD MI-U

PING AN

Ping An

EFUND GOLD MI ETF

Pro Ultr GLD

Ping An Insurance

Roundhill Gold Miners Weeklypay ETF

SPDR Gold Minishares

Direxion Daily Jr Gold Miners Bull 2X

iShares Gold Trust

VanEck Gold Miners ETF

iShares MSCI Global Gold Miners

ChinaAMC Gold ETF

Sprott GLD Miners Etf

EFUND GOLD MI-R

Us Gbl GLD & Met

VanEck Junior Gold Miners ETF

GLOBAL X Gold Explorers

Microsectors Gold Miners 3x Leveraged ETN

Paying attention to fluctuations in overseas markets, Ping An: Investment decisions focus on the medium to long term, the overall capital market is favorable this year