Express News | According to information from the Hong Kong Exchange, BlackRock's stake in China Life Insurance Company Limited H-shares increased from 5.83% to 6.10% on July 3.
AIA Group Stock Slides 1.9% in Hong Kong
Hong Kong Stock Market Movement | Insurance stocks broadly declined today as Document No. 65 took effect, sharply slowing growth in the bancassurance channel and lowering the upper limit on projected dividend policy illustration rates.
Insurance stocks declined broadly today. As of the time of writing, China Life Insurance (02628) fell 4.34% to HK$28.24; China Pacific Insurance (02601) dropped 2.863% to HK$27.48; New China Life Insurance (01336) decreased by 2.64% to HK$47.94; and PICC Property and Casualty Company Limited (02328) slipped 1.28% to HK$14.66.
Express News | According to Hong Kong Exchange data, BlackRock's stake in China Life Insurance Company's H shares decreased from 6.09% to 5.85% on June 30.
Analyst Ratings | Citi: Initiates 30-day Positive Catalyst Watch on China Life Insurance and New China Insurance
Citi published a report, expecting mainland life insurers to deliver strong performance in the first half of 2026, with both annualized premium equivalent (APE) and new business value (NBV) projected to achieve double-digit growth, primarily driven by robust momentum in bancassurance. Given the significant improvement in equity market performance in Q2 2026 compared to the same period last year, life-focused insurers are expected to issue profit pre-announcements on the back of substantially higher investment income. Regarding property and casualty (P&C) insurers, the bank forecasts that gross written premiums in the first half of 2026 will remain broadly flat, mainly due to weak new car sales; however, the combined ratio is expected to further improve to a record low, primarily owing to expense optimization in non-motor insurance segments and new
Express News | According to information disclosed by the Hong Kong Exchange, BlackRock's stake in China Life Insurance Company Limited's H shares increased from 5.92% to 6.09% on June 29.