Lyon: Ping An Insurance (02318) is the main beneficiary of mainland policies. AIA (01299) and PICC P&C (02328) are the preferred options for long-term investments.

In a report released by Lyon, it is believed that all policies indicate a positive change in regulatory thinking, which may mean that the government will take more actions. The report also notes that AIA (01299) and PICC P&C (02328) are still the preferred choices for the long term. Insurance stocks in mainland China have significantly increased after the announcement of financial stimulus measures. The bank's analysis shows that the focus is most relevant to insurance stocks. The bank points out that the news conference was a positive surprise, leading to a more positive short-term view on insurance stocks. Ping An Insurance (02318) is seen as the main beneficiary, with China Life Insurance (02628) and New China Life Insurance (01336) potentially benefiting from short-term stock price increases, but there are concerns about profit-taking pressure on China Pacific Insurance (02601). The bank suggests that companies with stock prices significantly below book value should strengthen their value. Systematic rules should be established for index heavyweight stocks to enhance shareholder value, particularly benefiting Ping An and Taikoo. Support for the property market policy should also improve investor sentiment, especially benefiting Ping An. In addition, the People's Bank of China Governor's mention of studying stable market funds supports market sentiment and is beneficial for insurance stock investment income.