CMBI issued a research report on CHINA LIFE (02628.HK) +0.200 (+0.696%) Short selling $349.66M; Ratio 36.667% , which delivered mixed results in 1Q26. Net profit shed 32.3% YoY to RMB19.5 billion, below the broker's forecast of RMB20.4 billion, owing to fair value losses amid equity market turbulence. However, NBV proliferated 75.5% YoY, way beyond the market's and the broker's expectations, reflecting significant progress in shifting toward longer-duration and regular-paid products. Related News CICC: Short-term Capital Overhang to Reverse; Expects Valuation Recovery in Mainland Insurers, Recommends CPIC (02601.HK), PING AN (02318.HK) etc.The Buy rating was maintained, with the TP added from HKD33 to HKD34 to reflect the stronger CNY/HKD exchange rate. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
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