Express News | The State-owned Assets Supervision and Administration Commission: Promoting central enterprises to deepen their Industry Chain Global Strategy cooperation, leading the repayment of debts owed to private enterprises, and making every effort to stabilize em

BreakingsDec 13 21:01

Morgan Stanley: The personal Retirement fund system is being promoted nationwide, with Ping An Insurance (02318.HK) and China Life (02628.HK) as the main beneficiaries.

JPMorgan published a research report indicating that China's personal Retirement pension system will be expanded nationwide starting from the 15th of this month. The bank preliminarily estimates that with the full expansion of the policy, this will bring enormous new market opportunities. Assuming the policy further develops, including raising the tax deduction limit, the growth of private Retirement pension reserves may be closer to the OECD average level, meaning that the scale will expand significantly. Insurance companies are expected to see strong additional growth in new life insurance sales volumes in the coming years. JPMorgan stated that due to Ping An Insurance (02318.HK) and China Life (02628.HK) business models, and having robust balance sheets, the outlook remains positive.

AASTOCKSDec 13 10:11

New China Life Insurance Logs Over 2% Rise in 11-Month Premium Income

MT NewswiresDec 13 18:37

Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen

Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;

Futu NewsDec 13 16:24

BOCOM INTL: The mainland personal Retirement fund system is further optimized, looking forward to "long-term money for long-term investment."

BOCOM INTL released a research report indicating that the individual Retirement pension system in mainland China has been further optimized, with the implementation range expanded from pilot cities to nationwide and the product range broadened to include national bonds and Indices Funds. BOCOM INTL stated that the number of individual Retirement pension account holders in mainland China has surpassed 70 million, which is basically equivalent to the scale of the taxpayer population, thus necessitating the further expansion of coverage to the entire country. The inclusion of national bonds and Indices Funds as optional products will further enrich investment choices. Allocating individual Retirement pension funds to Indices Funds is expected to bring incremental long-term capital to the stock market. From international experience, pensions serve as long-term capital.

AASTOCKSDec 13 11:28

Hong Kong stocks fluctuate | Mainland Insurance Companies continue to decline as the 30-year treasury yield drops below the 2% mark, affecting the investment returns of insurance companies' Fixed Income Assets.

Mainland Insurance Companies continued to decline. As of the time of writing, China Pacific Insurance (02601) fell by 4.67% to 24.5 Hong Kong dollars; China Life Insurance (02628) dropped by 3.33% to 15.08 Hong Kong dollars; The People's Insurance (01336) decreased by 3.9% to 24.65 Hong Kong dollars; The People's Insurance (01339) declined by 3.85% to 3.75 Hong Kong dollars.

Zhitong FinanceDec 13 11:27