Lyon: Domestic insurance stocks are more optimistic about Ping An of China and China Property & Casualty Insurance have a "buy" rating
格隆汇2021-05-05
According to a research report published by Lyon, the new business performance of most mainstream life insurers has not been satisfactory since 2018. Considering the weak short-term demand, it is expected that the weak trend from February to March will continue for some time, and the accumulated demand has not yet emerged. It is believed that life insurance reform will become the focus of the market, among which supply-side reform is more important. The bank pointed out that the latest round of auto insurance reform will accelerate market integration, and small market participants will be eliminated one after another. It is expected that the share of market leaders such as China Property & Casualty Insurance (2328. HK) will increase. Lyon said that it is more optimistic about Ping An of China (2318. HK) and China Property & Casualty Insurance, both of which are "...
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