<p>摩根士丹利发布了一份研究报告，指出中国保险公司的第一季度业绩大致符合预期，寿险和财险业务均表现出高质量的业绩。该券商认为，市场对第一季度盈利的担忧在很大程度上已经被定价。随着股市自四月以来反弹，前景的上行风险增加，预计第二季度的表现将更强劲。摩根士丹利预测，中国保险公司将在四月录得盈利，可能会扭转之前的下行趋势。考虑到更有利的股市前景、持续健康的业务增长和稳定的利率，该券商认为第二季度有更大的上行空间。中国人寿 (02628.HK) +0.360 (+1.258%) 空头头寸 $96.97M; 比率 25.116% 可能在短期内进一步反弹，而该券商继续将中国平安 (02318.HK) +0.550 (+0.873%) 空头头寸 $86.24M; 比率 14.342% 视为其首选，因其基本面正在增强。友邦保险 (01299.HK) +1.700 (+1.999%) 空头头寸 $247.24M; 比率 26.703% 和中国人民财产保险 (02328.HK) +0.100 (+0.714%) 空头头寸 $35.91M; 比率 16.221% 预计将逐渐展现其长期价值。(广告/免责声明)(香港股票报价延迟至少 15 分钟。空头数据截至 2026-05-04 12:25.)</p>
<p>本文由人工智能自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用本翻译而产生的任何损害或损失不承担任何责任。</p>
<p>AASTOCKS 财经新闻</p>

中国平安

中国平安(ADR)

<p>摩根士丹利的报告指出，中国保险公司的第一季度盈利符合预期，寿险和财产险表现强劲。市场担忧已被计入价格，自四月以来股市的反弹暗示第二季度业绩有改善的潜力。中国平安被强调为首选，因其基本面稳健，而中国人寿、友邦保险和中国人民财产保险预计将展现长期价值。中国保险公司的前景看起来积极，预计四月将实现盈利增长，利率保持稳定</p>

<p>M Stanley published a research report stating that 1Q results of Chinese insurers were broadly in line with expectations, with high-quality performance from both life and property insurance businesses. The broker believes that market concerns over 1Q earnings have largely been priced in. As the stock market has rebounded since April, upside risks to the outlook have increased, and it expects stronger performance in 2QYY. M Stanley forecasts that Chinese insurers will record profits in April, potentially reversing the previous downtrend. Given a more favorable equity market outlook, continued healthy business growth and stable interest rates, the broker sees more upside room in 2QYY. CHINA LIFE (02628.HK) +0.360 (+1.258%)  Short selling $96.97M; Ratio 25.116%  may see further rebounds in the near term, while the broker continues to name PING AN (02318.HK) +0.550 (+0.873%)  Short selling $86.24M; Ratio 14.342%  as its top pick due to strengthening fundamentals. AIA (01299.HK) +1.700 (+1.999%)  Short selling $247.24M; Ratio 26.703%  and PICC P&amp;C (02328.HK) +0.100 (+0.714%)  Short selling $35.91M; Ratio 16.221%  are expected to gradually demonstrate their long-term value. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 12:25.)</p>
<div class="lb-trans"><p>摩根士丹利发布了一份研究报告，指出中国保险公司的第一季度业绩大致符合预期，寿险和财险业务均表现出高质量的业绩。该券商认为，市场对第一季度盈利的担忧在很大程度上已经被定价。随着股市自四月以来反弹，前景的上行风险增加，预计第二季度的表现将更强劲。摩根士丹利预测，中国保险公司将在四月录得盈利，可能会扭转之前的下行趋势。考虑到更有利的股市前景、持续健康的业务增长和稳定的利率，该券商认为第二季度有更大的上行空间。中国人寿 (02628.HK) +0.360 (+1.258%) 空头头寸 $96.97M; 比率 25.116% 可能在短期内进一步反弹，而该券商继续将中国平安 (02318.HK) +0.550 (+0.873%) 空头头寸 $86.24M; 比率 14.342% 视为其首选，因其基本面正在增强。友邦保险 (01299.HK) +1.700 (+1.999%) 空头头寸 $247.24M; 比率 26.703% 和中国人民财产保险 (02328.HK) +0.100 (+0.714%) 空头头寸 $35.91M; 比率 16.221% 预计将逐渐展现其长期价值。(广告/免责声明)(香港股票报价延迟至少 15 分钟。空头数据截至 2026-05-04 12:25.)</p>
</div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p>
<div class="lb-trans"><p>本文由人工智能自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用本翻译而产生的任何损害或损失不承担任何责任。</p>
</div><p>AASTOCKS Financial News</p>
<div class="lb-trans"><p>AASTOCKS 财经新闻</p>
</div>

M Stanley: 1Q Earnings of Chinese Insurers In Line; Top Pick PING AN

AASTOCKS News

摩根士丹利

中国人寿

友邦保险

中国财险

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

中国平安-R

友邦保险-R

友邦保险(ADR)

摩根士丹利：中国保险公司第一季度业绩符合预期；首选中国平安