HK Stock Market Move | CHINA TAIPING (00966) rose more than 7% in early trading. Major policies will help reduce investment risks and financing costs, and institutions have a positive view of the company's long-term development potential.

CHINA TAIPING (00966) rose over 7% in early trading. As of the time of writing, it has risen 4.27% to 11.24 Hong Kong dollars, with a trading volume of 1.25 billion Hong Kong dollars. On the news front, on the 24th, a joint announcement by various regulatory authorities introduced a combination of policies. The exchange of conveniences among securities, funds, and insurance companies has attracted key attention. This is the first time the central bank has created structural monetary policy tools to support the capital market. Northeast pointed out that regulatory support for the healthy development of the real estate industry is conducive to reducing the investment risks of insurers, ensuring company investment returns; At the same time, the reduction of reserve requirements, interest rates, and new monetary policy tools effectively reduce the financing costs of insurers, expand investment scale, and improve the performance of insurers in the background of policy stimulus for market upward movement. Tianfeng previously pointed out that CHINA TAIPING's new business value has surged, with impressive performance in life insurance business; Property insurance COR has decreased slightly, with overall performance improving. In the second half of the year, the company will continue to adhere to the overall requirements of "five focuses," actively promote the group's high-quality transformation around "changing methods, adjusting structures, improving quality, and increasing efficiency," and the bank is optimistic about the company's long-term development potential.