Ping An Insurance Soars Over 2%, Sets New High Since April 2021, and Year-to-Date Gain Exceeds 18%! A-Shares Reach 3600 Points; Industry Insiders: Insurance Sector Has Never Been Absent from Leading the Charge in Previous Bull Markets

　Gelonghui July 30th｜Ping An Insurance(601318)A-Shares surge over 2% to report 60.74 Hong Kong dollars, setting a new high since April 2021; the stock has gained over 18% year-to-date. As the Shanghai Composite Index reaches 3600 points, industry insiders note that in previous bull markets, the insurance sector has never been absent from leading the charge.

　From the recent trends of public funds, it is not difficult to see that Ping An has become an important object of investment. Wind data shows that as of June-end this year, public funds hold a stake in Ping An A-Shares (601318) accounting for 11.39% of the total outstanding shares, up from 8.85% at the same period last year, representing an increase of over 51%. Moreover, under the current regulatory environment of "anti-rollup" and preparation for a potential rate cut, as well as the latest industry trends, Ping An is likely to benefit significantly, particularly among top-tier insurance companies with differentiated competitive advantages.