Changes in Hong Kong stocks | Domestic insurance stocks are once again rising, insurers' profit and dividend expectations are increasing their holdings of state-owned enterprises by more than 60 billion dollars

The Zhitong Finance App learned that domestic insurance stocks rose again. As of press release, Xinhua Insurance (01336) rose 5.03% to HK$46.8; China China Insurance (01339) rose 2.97% to HK$5.2; China Life (02628) rose 2.49% to HK$27.14; and Ping An of China (02318) rose 2.29% to HK$55.85.

According to the news, a number of listed insurers have announced advance performance increases. Cathay Pacific Haitong Securities released a research report saying that it is expected that the listed insurer 26H1 will benefit from the recovery of the external equity market and overall profit improvement through flexible and active asset allocation strategies. The insurer's semi-annual results and dividend expectations have become the short-term focus of the market. The 10-year treasury bond yield implied in current stock prices is still significantly lower than the actual treasury bond yield level. It is recommended to focus on insurance stock valuation repair opportunities.

It is worth noting that on the evening of July 19, the two major state-owned capital operating platforms simultaneously issued major holdings increase announcements: China Guoxin has used more than 50 billion yuan in reloans and supporting capital to increase its holdings of central enterprise shares, and China Chengtong has also invested nearly 10 billion yuan to lay out central enterprises and technology assets; both institutions clearly will continue to increase the secondary market.