HK Stock Market Move | Domestic insurance stocks continue to rise, with New China Life Insurance (01336) up nearly 5%. Institutions predict that the new premium income and NBV will achieve double-digit growth in the New Year.

Domestic insurance stocks continue to rise. As of the time of publication, New China Life Insurance (01336) rose 4.65% to HKD 51.05; China Pacific Insurance (02601) rose 4.34% to HKD 36.1; Ping An Insurance (02318) rose 3.37% to HKD 65.9; China Life Insurance (02628) rose 2.4% to HKD 28.98. Sinolink released a research report stating that the Chinese New Year's prosperity is on the rise, and they maintain a positive recommendation. With a large number of fixed deposits maturing next year, dividend insurance is attractive to funds with a preference for low risk and a long-term wealth preservation and appreciation demand. Under the background of anti-grinding and the transformation of dividend insurance, the market share of large companies is expected to continue to increase. It is expected that new business value (NBV) and new single premium will achieve double-digit growth. Current insurance valuation is low, and the cost-benefit ratio of allocation is very high, so they maintain a positive recommendation. Shenwan Hongyuan Group Securities released a new research report, stating that regulatory agencies have recently lowered the risk factors for insurance companies to hold equity assets for the long term. This move is expected to release a billion-level incremental funding space in the short term. The bank points out that with the replenishment of insurance ammunition and the enhancement of allocation willingness, the high dividend sector, which combines stability and defense, naturally becomes its key allocation direction.