Movement Alert|New China Life Insurance Rises 3.3% in Regular Trading, Central Huijin Director Nomination and Southbound Connect Policy Boost Insurance Sector

Market Focus06-15

On June 15, New China Life Insurance rose 3.3% in regular trading, trading at HK$53.5/share, with turnover of HK$284 million.

On the news front, Central Huijin Investment, holding 31.34% of the company as its largest shareholder, recently nominated Huang Geng as a non-executive director candidate for the ninth board of directors. Additionally, the insurance sector received a policy tailwind as the insurance capital Southbound Connect program officially launched, with multiple institutions approved to participate.

The broader Life and Health Insurance sector showed strong momentum. Among sector peers, China Taiping rose 4.89%, China Life rose 3.32%, Sunshine Insurance rose 2.89%, AIA rose 2.41%, and Ping An rose 2.1%, reflecting pronounced sector-wide linkage. Institutional research suggests that Q2 profitability for the insurance sector is expected to see high growth, and once market expectations stabilize and shift toward Q2 earnings logic, insurance stock valuations may undergo a recovery.

(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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