Changes in Hong Kong stocks | Domestic insurance stocks rallied in the afternoon, China Ping An (02318) rose more than 5%, and institutions say the industry cycle is improving and is officially established

The Zhitong Finance App learned that domestic insurance stocks rose in the afternoon. As of press release, China Ping An (02318) rose 5.03% to HK$59.5; China Taibao (02601) rose 4.04% to HK$33; China Life (02628) rose 3.66% to HK$27.74; Xinhua Insurance (01336) rose 3.03% to HK$48.3; China Financial Insurance (02328) rose 1.12% to HK$17.19.

According to the news, Morgan Stanley released a research report saying that China Peace will be added to the priority list and is still listed as the first choice. The bank raised the target price of Ping An H share of China by 27% to HK$89, and the target price of A-shares by 21% to RMB 85. Damo believes that it is now more optimistic about China's safety, and believes that Ping An can seize key growth opportunities in the fields of residents' financial management, medical care, and old-age care. Meanwhile, the market's main concerns are gradually being cleared up, paving the way for higher valuations.

According to the CITIC Securities Research Report, the insurance industry has taken the lead in a positive expansion from the balance sheet recession narrative, and the upward trend is expected to further strengthen in 2026, as reflected in: net assets recover and maintain rapid growth, dividend insurance is more popular as the main product, banking insurance channel share concentration and total volume growth still has a lot of room, and insurance capital is the main force of patient capital. Currently, the asset structure is benefiting from the market pattern of low fluctuations in bond interest rates and a slow bullish stock market.