<p>摩根士丹利發佈了一份研究報告，指出中國保險公司的第一季度業績大致符合預期，壽險和財險業務均表現出高質量的業績。該券商認為，市場對第一季度盈利的擔憂在很大程度上已經被定價。隨着股市自四月以來反彈，前景的上行風險增加，預計第二季度的表現將更強勁。摩根士丹利預測，中國保險公司將在四月錄得盈利，可能會扭轉之前的下行趨勢。考慮到更有利的股市前景、持續健康的業務增長和穩定的利率，該券商認為第二季度有更大的上行空間。中國人壽 (02628.HK) +0.360 (+1.258%) 空頭頭寸 $96.97M; 比率 25.116% 可能在短期內進一步反彈，而該券商繼續將中國平安 (02318.HK) +0.550 (+0.873%) 空頭頭寸 $86.24M; 比率 14.342% 視為其首選，因其基本面正在增強。友邦保險 (01299.HK) +1.700 (+1.999%) 空頭頭寸 $247.24M; 比率 26.703% 和中國人民財產保險 (02328.HK) +0.100 (+0.714%) 空頭頭寸 $35.91M; 比率 16.221% 預計將逐漸展現其長期價值。(廣告/免責聲明)(香港股票報價延遲至少 15 分鐘。空頭數據截至 2026-05-04 12:25.)</p>
<p>本文由人工智能自動翻譯，中文版本應視為權威版本。AASTOCKS.com Limited 不保證其準確性或完整性，並對因使用本翻譯而產生的任何損害或損失不承擔任何責任。</p>
<p>AASTOCKS 財經新聞</p>

中國平安

中國平安(ADR)

<p>摩根士丹利的報告指出，中國保險公司的第一季度盈利符合預期，壽險和財產險表現強勁。市場擔憂已被計入價格，自四月以來股市的反彈暗示第二季度業績有改善的潛力。中國平安被強調為首選，因其基本面穩健，而中國人壽、友邦保險和中國人民財產保險預計將展現長期價值。中國保險公司的前景看起來積極，預計四月將實現盈利增長，利率保持穩定</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>摩根士丹利發佈了一份研究報告，指出中國保險公司的第一季度業績大致符合預期，壽險和財險業務均表現出高質量的業績。該券商認為，市場對第一季度盈利的擔憂在很大程度上已經被定價。隨着股市自四月以來反彈，前景的上行風險增加，預計第二季度的表現將更強勁。摩根士丹利預測，中國保險公司將在四月錄得盈利，可能會扭轉之前的下行趨勢。考慮到更有利的股市前景、持續健康的業務增長和穩定的利率，該券商認為第二季度有更大的上行空間。中國人壽 (02628.HK) +0.360 (+1.258%) 空頭頭寸 $96.97M; 比率 25.116% 可能在短期內進一步反彈，而該券商繼續將中國平安 (02318.HK) +0.550 (+0.873%) 空頭頭寸 $86.24M; 比率 14.342% 視為其首選，因其基本面正在增強。友邦保險 (01299.HK) +1.700 (+1.999%) 空頭頭寸 $247.24M; 比率 26.703% 和中國人民財產保險 (02328.HK) +0.100 (+0.714%) 空頭頭寸 $35.91M; 比率 16.221% 預計將逐漸展現其長期價值。(廣告/免責聲明)(香港股票報價延遲至少 15 分鐘。空頭數據截至 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>本文由人工智能自動翻譯，中文版本應視為權威版本。AASTOCKS.com Limited 不保證其準確性或完整性，並對因使用本翻譯而產生的任何損害或損失不承擔任何責任。</p>
</div><p>AASTOCKS Financial News</p>
<div class="lb-trans"><p>AASTOCKS 財經新聞</p>
</div>

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

AASTOCKS News

摩根士丹利

中國人壽

友邦保險

中國財險

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

中國平安-R

友邦保險-R

友邦保險(ADR)

摩根士丹利：中國保險公司第一季度業績符合預期；首選中國平安