Hong Kong Insurance Stocks Rally, New China Life and China Reinsurance Surge Over 5%, Friends Property and Taiping Reinsurance Increase by Over 3%! Institutional Sources Say Insurance Industry Enters an Upward Cycle
July 28, early morning news, Hong Kong insurance stocks rallied, with New China Life (601336) and China Reinsurance (601628) surging over 5%, while Friends Property and Taiping Reinsurance increasing
July 28, early morning news, Hong Kong insurance stocks rallied, with New China Life (601336) and China Reinsurance (601628) surging over 5%, while Friends Property and Taiping Reinsurance increasing by over 3%.
On July 25, the insurance industry association organized a meeting of the personal insurance product liability preparation and assessment expert consultation committee for the second quarter of 2025, which concluded that the expected rate of return for ordinary type personal insurance products is 1.99%.
Credit Suisse published a research report stating that leading insurance companies are expanding their health-related services, and the insurance industry is entering an upward cycle.