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Ping An Senior VP: To Further Promote Higher Div. Insurance Proportion, Moderately Raise Equity Mkt Allocation This Yr
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Fu Xin, Senior Vice President of PING AN (02318.HK) (601318.SH), stated that life insurance remains the most stable and secure asset class for residents’ asset allocation amid capital market volatility, according to The Paper. Meanwhile, demand for medical and elderly care services continues to be strong. With predetermined interest rates steadily declining, dividend insurance offers higher benefits to customers, increasing its appeal, Fu said. Ping An will further focus on boosting the proportion of dividend insurance, believing that the potential benefits of life insurance reforms will gradually materialize in the coming years. Fu Xin also noted that from an equity market perspective, the outlook for 2025 is positive, and the company will moderately increase its allocation in this area. Since the start of this year, the Chinese government has placed significant emphasis on the capital market, strongly promoting the entry of medium- and long-term funds to enhance market stability and vitality. Additionally, continuous advancements in artificial intelligence and high-end manufacturing are creating substantial opportunities. AAStocks Financial News |
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