Hong Kong stocks fluctuated as insurance stocks generally declined, with China Taiping falling more than 5% and China Pacific Insurance dropping over 4%.
Gelonghui, May 13 | All Hong Kong-listed insurance stocks fell today. Specifically, China Taiping dropped more than 5%, China Pacific Insurance fell over 4%, China Life Insurance declined by 3.3%, PICC Property fell 2%, New China Life Insurance dropped 1.9%, and Sunshine Insurance and People's Insurance Company of China Group also followed the downward trend. The core trigger for the decline in Hong Kong-listed insurance stocks today was weaker-than-expected Q1 earnings reports. According to a research report released by JPMorgan at the beginning of the month, PICC Group’s net profit in the first quarter of 2026 fell 31% year-on-year, significantly below market expectations, mainly dragged down by weak profitability of its 69%-owned subsidiary, PICC Property. As the earnings season has concluded, ...
Zheshang Securities: The non-banking sector benefits from triple positive catalysts, and we remain optimistic about the industry's future performance.
The non-banking sector benefits from a triple advantage — fundamental performance provides earnings support, valuations offer a margin of safety, and low allocation by public funds enhances chip elasticity.
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Founder Securities: The liability side of the insurance sector maintained steady growth in 1Q26, with investment yields expected to stabilize and rebound.
In the medium to long term, the risk of interest rate differentials will ease, the market's slow bull trend will continue, and the RMB appreciation trend will persist, driving insurance companies' valuations toward a reasonable 1x PEV.
Multiple insurance companies have activated major emergency response mechanisms to address the Liuyang fireworks factory explosion accident, with ongoing claims being paid for liability insurance, auto insurance, and more.
Major insurance companies, including PICC, China Life, Ping An, Xinhua Insurance, Sunshine Insurance, Taikang Insurance, and Dadi Insurance, have activated emergency response mechanisms to deploy emergency handling, client verification, urgent rescue, and claims services.
Guojin Securities: Investment drag weighs on insurers' Q1 profits; NBV continues to show robust growth.
Currently, valuations have fallen to a low level, and insurance stocks with strong beta are expected to experience a valuation rebound.