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PING AN Intends to Appropriately Expand Equity Asset Allocation
Recommend 32 Positive 56 Negative 24 |
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Michael Guo, PING AN (02318.HK)'s Co-CEO, said at the earnings press conference that the value of new businesses of the life insurance segment grew by nearly 40% YoY in 1H25, reflecting that the life insurance business has started unleashing reform benefits after years of restructuring. He is fully confident in the healthy development of this business for the entire year. Following the increase in holdings of Chinese banks in 1H25, PING AN's General Manager and Co-CEO Xie Yonglin noted that the Chinese government has introduced a basket of capital market policies since last year to gradually brighten market confidence. Seeing that the current stock market valuations remain at reasonable levels, PING AN will appropriately expand its allocation to equity assets, focusing mainly on growth sectors of new quality productivity and value stocks with high dividends, Xie stressed. AAStocks Financial News |
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