Movement Alert|New China Life Insurance Rises 3.03% in Regular Trading, Insurance Sector Recovery and Strong Liability-Side Growth Drive Continued Oversold Rebound

Market Focus05-29

On May 29, New China Life Insurance rose 3.03% in regular trading, trading at 48.98 HKD/share, with trading volume of approximately 200 million HKD. The stock rebounded after a 3.11% decline in the prior session when the broader insurance sector pulled back.

On the news front, the insurance sector collectively strengthened, providing a favorable backdrop for the continued oversold rebound. Fundamentally, the company reported Q1 original insurance premium income of 83.496 billion yuan, up 14% year-over-year, while new business value surged 24.7% YoY to 4.655 billion yuan, demonstrating robust liability-side performance. These strong operating metrics, combined with recent broker first-coverage initiation, have formed the core support for repeated rebound attempts following earlier declines driven by Q1 investment-side pressure.

Within the Life & Health Insurance sector, the broader group traded higher on the day. Among peers, Sunshine Insurance rose 3.2%, Ping An gained 2.11%, China Life advanced 1.75%, China Taiping added 1.26%, and AIA edged up 0.43%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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