Lates News

According to a research report released by Guojin Securities on March 22, China Life Insurance (601319.SH) has been given a "buy" rating with a target price of 10.01 yuan. The reasons for the rating include: 1) People's Insurance Company of China (PICC) Health: Leading in internet health insurance, with accelerated value release; 2) PICC Property and Casualty: Non-auto insurance restructuring is beneficial for combined ratio improvement, overseas expansion is expected to contribute more growth; 3) PICC Life: Rapid decrease in rigid liabilities costs; 4) Asset side: Continuously increasing allocation to long-term government bonds, increase in equity investment for higher investment returns. (Daily Economic News)