According to the CITIC Construction Investment Research Report, the securities sector outperformed non-banks and major broad-based indices this week, and the overall sector showed a resilient consolidation trend. Insurance: It is expected that there will be no “speculation and suspension of sales” due to changes in predetermined interest rates during the year. The growth rate of new orders in the third quarter may be under some pressure from a higher base during the same period, but in the long run, we are still optimistic that the huge steady investment demand from residents will drive a relatively rapid increase in premiums for new orders. Views of the Hong Kong market and the Hong Kong Stock Exchange: The medium- to long-term allocation value of the Hong Kong stock non-bank sector is prominent due to the resonance of undervaluation characteristics and profit improvement expectations. Diverse financial perspectives: In the context of stabilizing regulatory logic, clear consumer promotion guidelines, and improving the efficiency of AI technology, the consumer finance industry is in a period of dual driving policy dividends and technological dividends.

According to the CITIC Construction Investment Research Report, the securities sector outperformed non-banks and major broad-based indices this week, and the overall sector showed a resilient consolidation trend. Insurance: It is expected that there will be no “speculation and suspension of sales” due to changes in predetermined interest rates during the year. The growth rate of new orders in the third quarter may be under some pressure from a higher base during the same period, but in the long run, we are still optimistic that the huge steady investment demand from residents will drive a relatively rapid increase in premiums for new orders. Views of the Hong Kong market and the Hong Kong Stock Exchange: The medium- to long-term allocation value of the Hong Kong stock non-bank sector is prominent due to the resonance of undervaluation characteristics and profit improvement expectations. Diverse financial perspectives: In the context of stabilizing regulatory logic, clear consumer promotion guidelines, and improving the efficiency of AI technology, the consumer finance industry is in a period of dual driving policy dividends and technological dividends.