Market overview: The three major indices showed mixed results, with the Hang Seng Index rising by 0.77%. Dining and retail stocks were active, with Little Vegetable Garden surging over 11% and Mao Ge Ping rising over 9%.
The Network Technology stocks had mixed performances, with XIAOMI-W rising 3.62% and NTES-S dropping 2.73%; Property Services and Management stocks strengthened, with CG SERVICES increasing by 7.53% and GREENTOWN SER rising by 5.83%; the Dining stocks saw gains, with Little Garden increasing by 11.29% and XIABUXIABU rising by 8.89%.
Hong Kong Stock Afternoon Review | The three major Indices have mixed performance, with the Hang Seng Index rising over 1%; Chinese property and property management stocks performed well, with CG SERVICES rising over 9% and Country Garden rising nearly 6%
Network Technology stocks rose, MEITUAN-W increased by 2.60%, JD-SW rose by 2.29%; Property Services and Management stocks generally increased, CG SERVICES rose by 9.33%, A-LIVING rose by 5.52%; Dining stocks performed well, Xiaocaiyuan increased by 10.89%, XIABUXIABU rose by 6.67%.
[Brokerage Focus] CITIC SEC: The Insurance Sector currently shows characteristics of a slow bull market, suggesting a medium to long-term layout.
Jinwu Finance News | CITIC SEC states that the bank believes that Insurance stocks in China are beginning a slow bull market. The reasons include: 1) The supply side is significantly clearing out, and life insurance business, especially the Silver insurance business, is continuously concentrating on leading companies. 2) The demand side is oriented towards the Fixed Income market, and in a low-interest-rate environment, similar competitive products have lost their relative competitive advantage. Over the past three years, insurance companies have occupied the market through traditional insurance, and in the future, they will meet market demand through dividend insurance. 3) Listed leading insurance companies are adopting differentiated competition strategies, bravely leading the trend, and showcasing their respective capability advantages. 4) The government has clearly set the CPI target for 2025 at around 2%, but long-term expectations and estimates...
Announcement Highlights | Official announcement! GTJA plans to rename itself to "GTJA HAITONG SEC"; CHINAHONGQIAO's Net income for 2024 is expected to increase by more than 95% year-on-year.
Ideal Autos' vehicle sales revenue in 2024 is 138.5 billion yuan, an increase of 15.2% year-on-year; China Shenhua Energy: coal sales volume for the first two months is 64.7 million tons, a decrease of 16.3% year-on-year.
Hong Kong stock market morning news | In February, nearly one trillion yuan of new Crediting was added in our country, and in the first two months, Coal sales volume of China Shenhua Energy decreased by more than 16% year-on-year.
① China's central bank released the financial data for February, with new Crediting approaching one trillion. ② The government launched a special action plan to boost Consumer spending, involving the stock market, wages, childbirth, Retirement, and other areas. ③ The Ministry of Industry and Information Technology arranged overnight investigations into issues exposed in the "3.15" gala. ④ The China Real Estate Association held a discussion meeting for private real estate companies.
In the first two months, Taibao (02601.HK) saw a 9.1% increase in life insurance premium income and a 1.9% rise in property insurance income.
China Pacific Insurance (02601.HK) announced that for the first two months ending in February, the operating income from its subsidiaries, The Pacific Life Insurance and The Pacific Property Insurance, was 69.006 billion yuan and 39.718 billion yuan respectively, representing an increase of 9.1% and 1.9% compared to the same period in 2024.
Smart technology safeguards and shares a better future. China Pacific Insurance Property and Casualty empowers the construction of a new ecosystem for financial consumer protection.
In the context of high-quality development in the financial industry, the protection of financial consumers' rights is not only a concentrated reflection of the political and people-oriented nature of financial work but also an important measure to enhance financial services for the public and the real economy. Chen Hui, Secretary of the Party Committee and General Manager of China Pacific Insurance Property, stated that China Pacific Insurance has always adhered to the value orientation of 'people-centered' and through the construction of a comprehensive 'large consumer protection' work system, deeply integrates consumer rights protection with business development and risk prevention, committed to building a solid barrier for consumer rights protection. With digital intelligence empowerment, a new pattern of 'large consumer protection' is being established in recent years.
China Pacific Insurance (601601.SH): In the first two months, The Pacific Life's premium income was 69.006 billion yuan, a year-on-year increase of 9.1%.
On March 14, Gelonghui reported that China Pacific Insurance (601601.SH) announced that from January 1, 2025, to February 28, 2025, its subsidiary China Pacific Life Insurance Co., Ltd. had a cumulative original insurance premium income of 69.006 billion yuan, a year-on-year increase of 9.1%. Its subsidiary China Pacific Property Insurance Co., Ltd. had a cumulative original insurance premium income of 39.718 billion yuan, a year-on-year increase of 1.9%.
Express News | Insurance stocks in Hong Kong are strengthening, with New China Life Insurance rising nearly 11%.
Express News | The financial Sector continues to explode, with Hubei Biocause Pharmaceutical and several other stocks hitting the daily limit.
Hong Kong stocks movement | Mainland Insurance Companies rose across the board as long-term interest rates rebound helps ease allocation pressure, Institutions say the resonance of assets and liabilities may continue.
Mainland Insurance Companies rose across the board. As of the time of writing, China Pacific Insurance (02601) increased by 6.93%, reaching 25.45 HKD; New China Life Insurance (01336) rose by 5.95%, reaching 29.45 HKD; China Life Insurance (02628) grew by 5.28%, reaching 16.36 HKD; Ping An Insurance (02318) increased by 4.19%, reaching 48.5 HKD.
Express News | Mainland insurance companies in the Hong Kong stock market rose, with New China Life Insurance up over 6%, China Pacific Insurance up over 5%, China Life Insurance up nearly 5%, and CHINA TAIPING and Ping An Insurance up nearly 4%.
On March 26, China Pacific Insurance (02601.HK) held a Board of Directors meeting to review and approve the annual performance.
Gelonghui reported on March 12 that China Pacific Insurance (02601.HK) announced that it would hold a Board of Directors meeting on March 26, 2025 (Wednesday) to review and approve the company's annual performance for the year ending December 31, 2024, and its release, as well as to propose a final dividend (if any) and address other related matters.
CPIC: NOTICE OF BOARD MEETING
Dialogue with ancient trees, jointly "plant" the future. China Pacific Insurance is taking action.
In March, the spring breeze arrives, and it is the right time for planting greenery. During the Tree Planting Festival, as we gaze upon those ancient trees that have withstood the test of time, it feels as if we can hear the whispers of history. Behind this, China Pacific Insurance leverages its professional advantages to build bridges that transcend time and space through 'innovative Insurance + public welfare actions', promoting greening, revitalizing greenery, and protecting the environment, allowing these ancient trees to continue their legendary life, continuously demonstrating the benefits of increased greenery while jointly safeguarding our beautiful rivers and mountains. China Pacific Insurance utilizes its own Insurance advantages to provide a 'protective umbrella' for ancient trees. In Shaanxi, this includes ancient trees such as the 2,600-year-old 'Laozi's Hand-Planted Ginkgo' and six others.
Express News | The first batch of pilot projects for the long-term investment reform of Insurance funds has made new progress.
In "The Great Company", CICC lists the preferred overseas Chinese-funded stock strategy combination (table).
CICC published a report listing the preferred portfolio of overseas Chinese stocks strategy: Tencent (00700.HK), China Mobile (00941.HK), MEITUAN-W (03690.HK), CNOOC (00883.HK), Xiaomi-W (01810.HK), Trip.com-S (09961.HK), BYD (01211.HK), Anta (02020.HK), SMIC (00981.HK), POP MART (09992.HK), WH Group (00288.HK), China Pacific Insurance (02601.HK), AKESO (09926).
Quick look at the Hong Kong market | The three major indices of the Hong Kong stock market surged! The Tech Index rose over 5%, the Hang Seng Index reached a three-year high; all tech stocks rose, with JD.com and Alibaba up over 8%, and Tencent's Market C
Network Technology stocks rose, KUAISHOU-W increased by 15.70%, JD-SW increased by 8.42%; Digital Health stocks climbed, Dingdang Health rose by 7.22%, JD HEALTH rose by 5.56%; Insurance stocks strengthened, China Pacific Insurance rose by 4.72%, AIA rose by 4.50%.
Wisdom brings quality! China Pacific Insurance takes multiple approaches to create a new picture of Rural Revitalization.
The 2025 Central Document No. 1 calls for anchoring the promotion of comprehensive rural revitalization and building an agricultural power, making every effort to enhance Agricultural productivity, invigorate rural areas, and increase farmers' income, providing foundational support for advancing modernization with Chinese characteristics. Currently, across the country, the rural spring tide is surging, and spring sowing is racing against time, with Taibao's services for agriculture also underway. "This year, my family's wheat field has double Insurance protection, which really relieved my worries!" Mr. Yan, a farmer from Dayuan Farm in Jianli City, Hubei, remarked while looking at his 1,000 acres of Chicago SRW Wheat, "In previous years, I always worried about the weather and pests affecting the wheat harvest. I didn't expect Taibao's service to be so reassuring."
The mainland will expand the scope of financial Assets investment company Private Equity to the provinces where the pilot cities are located.
The National Financial Supervisory Administration issued a notice on further expanding the pilot program for equity investments by financial asset investment companies, proposing to extend the scope of equity investments by these companies to the provinces where the pilot cities are located. It clarifies that relevant Funds can conduct equity investments within the provinces where the pilot cities are located, which is beneficial for expanding the project support scope of Funds, attracting more social capital to participate in Fund fundraising, reducing operational costs of Funds, and enhancing operational efficiency. The notice supports eligible Banks in establishing financial asset investment companies. Currently, five large commercial Banks have established financial asset investment companies through the pilot program, exploring finance.