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Each AI Express, Minsheng Securities released a research report on April 27th, recommending a Buy rating for China Taiping (601601.SH). The reasons for the rating include: 1) Capital market volatility has led to a year-on-year decrease in fair value changes, putting pressure on net profit attributable to shareholders in the short term; 2) Life insurance: the quality of Taiping Life's business remains positive, with the effects of the second phase of the "Polaris Plan" becoming apparent and new business value performing well; 3) Channels: the core personnel of individual insurance channels remain stable and positive, with key indicators of bank-insurance channels improving significantly, and premiums increasing substantially year-on-year; 4) Property insurance: liability scale slightly increased, with a slight year-on-year optimization in COR; 5) Asset management: there has been some fluctuation in the bond and equity markets, with a slight year-on-year pressure on total investment returns in the first quarter. Overall, a stable and prudent allocation is expected to drive stable growth in investment performance for the full year. (Daily Economic News)