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CN Mainland Insurance
CP20009.HK
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Former New China Life Insurance chairman handed suspended death sentence over corruption

Li Quan, former chairman of New China Life Insurance, received a suspended death sentence for corruption in Shandong, China. He embezzled over 200 million yuan and accepted bribes worth 105 million yuan. The sentence may be commuted to life imprisonment if no further crimes are committed during the reprieve period. This case is part of China's intensified crackdown on financial sector corruption.

Reuters·
HK
02628
+2.07%
SH
601628
+2.98%
Reuters·
HK
02628
+2.07%
SH
601628
+2.98%

Insurance funds exceed one trillion this year "increasing positions"! Super "long-term buyers" in A-shares emerge

In the context of low interest rates and limited bond returns, life insurance companies have a strong incentive to shift some funds from fixed income to higher-yield equity assets in order to maintain long-term stable financial statements and solvency

Wallstreetcn·
SH
601601
+2.78%
HK
02601
0.00%
Wallstreetcn·
SH
601601
+2.78%
HK
02601
0.00%

Morgan Stanley lists the latest focus stocks in Hong Kong (Table)

Morgan Stanley released a strategy report on the Chinese market, listing the latest focus stocks in Hong Kong stocks, Chinese concept stocks, and A-shares, including Alibaba, CYPC, Contemporary Amperex Technology Co., Limited, Ying En Biological-B, Espressif Systems, Hong Kong Stock Exchange, Hong Kong Telecom-SS, NARI-TECH, PetroChina, PICC P&C, Inovance Technology, SA, Sunny Optical, Tencent, and Zijin Mining

AASTOCKS·
SH
601021
+1.95%
HK
02328
-0.22%
SH
688018
-0.52%
AASTOCKS·
SH
601021
+1.95%
HK
02328
-0.22%
SH
688018
-0.52%

"Big Banks" Citigroup: Ping An is confident in sales growth for the first quarter of next year

Citi's research report pointed out that Ping An is confident about sales growth in the first quarter of next year, maintaining a target price of 68 yuan and a "buy" rating. The market shows strong demand for insurance savings, and the growth in agent productivity drives new business value. The company is increasing cooperation with banking channels and integrating its private banking team

AASTOCKS·
SH
601318
+1.26%
US
PNGAY
-1.25%
HK
02318
0.00%
AASTOCKS·
SH
601318
+1.26%
US
PNGAY
-1.25%
HK
02318
0.00%

Morning Trend | NCI rebounds with increased volume at low levels, has the valuation repair window truly opened?

NCI (1336.HK) has recently rebounded with increased volume from a phase of low levels, and the daily MACD has completed a golden cross, indicating an initial formation of a short-term bullish pattern. The price has stabilized above the 5-day and 10-day moving averages, forming a short-term moving average support zone, while the K-line structure has gently moved upward, showing an enhancement in the bullish capital control intention. Behind this round of rebound, it is resonating with multiple factors, including favorable policies for the insurance industry, regulatory encouragement for a higher proportion of insurance funds entering the market, and the overall oversold bottom of the sector. NCI's valuation has long been at a historical low, with its current price-to-book ratio and price-to-earnings ratio significantly lower than those of leading peers in the insurance industry. In terms of performance, as the decline in new business value narrows in 2023, the annual net profit is expected to achieve positive growth, with a gradually clearer trend of fundamental repair. From the market perspective, short-term funds are actively speculating around the valuation repair logic of the sector, with some institutional funds gradually increasing their positions, indicating market expectations for a "Davis Double Play" scenario. However, it is also necessary to pay attention to the fact that the insurance industry as a whole is significantly affected by residents' risk preferences and capital market fluctuations. As long as the external macro sentiment remains cautious, the sector's substantial upward space still requires volume support. Technically, the 5-day and 10-day moving averages have formed low-level support. If the trading volume remains high and stable, the short-term bulls are expected to further challenge the pressure in the range of HKD 16.4-17. If the volume weakens or short-term funds take profits and exit, a price pullback to the HKD 15.5-16 range for consolidation cannot be ruled out. In terms of operations, it is recommended that investors pay attention to fundamental catalytic news of the industry or individual stocks and changes in sector fund flows

Technical Forecast·
SH
601336
+1.79%
HK
01336
+0.45%
Technical Forecast·
SH
601336
+1.79%
HK
01336
+0.45%
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