Hong Kong Insurance Sector Surges, Ping An Rises Over 2%, China Life Up over 5%! Morgan Stanley: Predicts China's Healthcare Expenditure to Increase 1.7 Times to USD 240 Billion within the Next Decade

　July 23rd, G隆汇 - The Hong Kong insurance sector surged, with Ping An (601318) rising over 2% to HK$54.7.

　Morgan Stanley recently published a report indicating that as China's aging population trend continues to accelerate, it predicts that the country's healthcare expenditure will increase 1.7 times to USD 240 billion within the next decade. The report suggests that recent policies in mainland China encouraging insurance products for seniors and those with existing health conditions will help release potential growth space. According to trends, including traditional Chinese medicine and ophthalmology, China's healthcare service market is expected to continue expanding, despite earlier periods of low demand. Morgan Stanley notes that the main beneficiaries of this trend include Guangdong Provincial Investment Company, Ping An (601318), and China Reinsurance.