GO
| HSI1 | 23,919.50 | 0.00 | -- |
| HSCEI1 | 8,057.59 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
2026-11-04 12:50:00 JPMorgan published a research report stating that China's insurance sector maintained largely stable solvency ratios in the third quarter, despite the industry generally recording quarterly net losses. The average core solvency ratio of major life insurers rose 2 ppts QoQ to 140%, while that of major non-life insurers fell 9 ppts QoQ to 188%. The broker noted that major insurers reiterated during earnings briefings their commitment to maintaining stable dividends, while emphasizing steady growth in core earnings after excluding short-term stock market volatility, as well as a clear recovery in new business momentum since August. Management said new business sales in the fourth quarter would rebound rapidly, helping the market refocus on the sector's attractive dividend yield of about 5% to 8%. Policies for tax-incentivized long-term savings and pension products are expected to be launched by year-end, which would also serve as an important near-term catalyst. JPMorgan said that under China Accounting Standards, the sector's net profit for the first nine months of this year fell 27% to 47% YoY. CHINA LIFE (02628.HK) reported a 13% YoY increase in value of new business for the first nine months, while NCI (01336.HK) also recorded positive growth in value of new business. The life insurance businesses of PING AN (02318.HK) and CPIC (02601.HK) posted YoY declines of 13% and 6.5%, respectively. CHINA LIFE and PING AN Life successfully reduced interest rate risk through prudent asset-liability management. The broker's top picks are PING AN H shares and CHINA LIFE H shares. (da/ad)~ AASTOCKS Financial News Website: www.aastocks.com 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. | |