股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 友邦保險控股有限公司 | | | 呈交日期: | 2026年2月5日 | | | I. 法定/註冊股本變動 | 不適用 | | | 備註： | | | | 友邦保險控股有限公司(「本公司」)並無法定股本及/ 或其普通股並無股份面值。 | | | FF301 第 1 頁 共 11 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01299 | | 說明 | | | | | | | 多櫃檯證券代號 | 81299 | RMB 說明 | | | | | | | | | | 已發行股份（ ...

Summary of Key Points from Conference Call Industry Overview Real Estate Market - The liquidity in the real estate market is constrained by sales rather than financing, with residents holding a pessimistic view on leveraging and housing prices. The cancellation of the "three red lines" has limited impact [1][3] - Recent increases in the real estate sector are primarily driven by market sentiment and capital rotation, with expectations of a pullback in February and March due to decreased transaction volumes during the Spring Festival and a generally poor outlook for 2025 [1][5] - Companies like Longfor, Greentown, and Jinmao may issue profit warnings due to expected underperformance [5] Recommendations - Companies to watch include China Resources Land and Xincheng Holdings, which are expected to benefit from commercial real estate operations and domestic demand stimulus policies. China Resources' performance in 2025 may not meet expectations, but growth in 2026 and 2027 is anticipated [1][6] Banking and Insurance Sector - The banking sector is starting the year rationally, with reasonable GDP growth across provinces supporting stable development. Strong sales in funds and insurance are beneficial for the market environment [1][7] - The insurance sector is expected to continue its growth trajectory, driven by strong sales, high profit margins, and good investment returns. Ping An Group aims for a mid-term ROE of over 15% through asset management loss reduction and improved life insurance profitability [1][8][10] Future Outlook for Insurance - The insurance industry is projected to maintain rapid growth in 2026, supported by expanded distribution networks and favorable regulatory policies [9] Chemical Industry - Recent stock performance in the chemical sector has exceeded expectations, with price increases driven by capital rotation rather than fundamental improvements. Current valuations are at high percentiles within a 10-year range, while product prices remain low [1][21] - Downgrades for companies like Xinghecheng and Wanhua are warranted due to valuations exceeding reasonable levels, with expectations of a market correction in the short term [1][22][23] Specific Company Insights - Xinghecheng faces significant pressure in 2026 due to intense competition in the methionine market and low vitamin prices, while Wanhua's MDI prices are weaker than expected [23] Additional Insights - Futu Holdings is accelerating the integration of Tianxing Bank, increasing its stake to 68%, and plans to launch more integrated banking and securities products in 2026 [1][14] - AIA (AIA Group) is expected to perform strongly in 2025, with a positive outlook for 2026, supported by a rebound in the Chinese market and ongoing share buyback plans [1][15] - Futu is also making strides in the cryptocurrency space, with applications for licenses in multiple regions, including Hong Kong, to enhance customer experience [1][16] This summary encapsulates the key points discussed in the conference call, highlighting the current state and future outlook of the real estate, banking, insurance, and chemical industries, along with specific company insights and recommendations.

Market Overview - The Hang Seng Index (HSI) closed at 26,513.11, down by 334.21 points or 1.24% [1] - The index reached a high of 26,812.73 and a low of 26,414.23 during the trading session [1] - The trading volume was 70.4034 million shares, with an average price of 26,613.48 [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 139.704, up by 0.51% compared to the previous close [2][3] - Tencent Holdings closed at HKD 552.190, down by 1.04% compared to the previous close [2][3] - Alibaba Group (W) closed at HKD 159.500, down by 0.93% [3] - AIA Group closed at HKD 90.700, up by 1.40% [3] - Xiaomi Group (W) closed at HKD 33.960, down by 1.85% [3] - Meituan (W) closed at HKD 92.150, down by 1.13% [3] - China Ping An closed at HKD 72.050, up by 1.05% [3] ADR Performance - Tencent's ADR (TCEHY) was priced at USD 552.190, reflecting a decrease of 1.04% compared to its Hong Kong counterpart [3] - Alibaba's ADR (BABA) was priced at USD 155.411, down by 2.56% compared to its Hong Kong counterpart [3] - HSBC's ADR (HSBC) was priced at USD 139.704, up by 0.51% compared to its Hong Kong counterpart [3]

Group 1 - AIA Group Limited (01299) announced the appointment of Shulamite N K Khoo and Gu Min as independent non-executive directors, effective from February 5, 2026 [1]

Group 1 - AIA Group (01299.HK) announced the appointment of Shulamite N K Khoo and Gu Min as independent non-executive directors, effective from February 5, 2026 [1]

Group 1 - AIA Group Limited (01299) announced the appointment of Shulamite N K Khoo and Gu Min as independent non-executive directors, effective from February 5, 2026 [1]

友邦 保 險控 股 有限 公司 董 事會 成 員載 列如 下 ： 獨 立 非 執 行 主席 及 獨 立 非 執 行 董事 杜嘉 祺 爵士 執行董事 李源 祥 先生 （ 集團 首席 執 行官 兼 總裁 ） 獨 立 非 執 行 董事 AIA Group Limited 友 邦 保 險 控 股 有 限 公 司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及 81299（人民幣櫃台） 董事名單與其角色和職能 1 提名委員會 杜嘉 祺 爵士 （ 主席 ） 蘇澤 光 先生 周松 崗 爵士 John Barrie HARRISON先生 楊榮 文 先生 劉遵 義 教授 Narongchai AKRASANEE博士 Cesar Velasquez PURISIMA先生 Mari Elka PANGESTU女 士 王宗 智 先生 Nor Shamsiah MOHD YUNUS女 士 薪酬委員會 楊榮 文 先生 （ 主席 ） 蘇澤 光 先生 杜嘉 祺 爵士 風險委員會 周松 崗 爵士 （ 主席 ） 劉遵 義 教授 Cesar Velasquez PURISIMA先生 Nor Shamsiah MOHD YUNUS女 ...

本公告僅供參考，並不構成任何人士收購、購買或認購證券的邀請或要約。本公告並非亦無意作 為在美國發售本公司證券供出售的要約。本公司證券並無亦不會根據 1933 年美國證券法（經修 訂）（「美國證券法」）登記，且不得未根據美國證券法登記或適用豁免登記規定而在美國發售或 出售。本公司證券並無亦無計劃在美國公開發售。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 AIA Group Limited 友 邦 保 險 控 股 有 限 公 司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及 81299（人民幣櫃台） 在加入平安集團之前，顧先生曾於1997年至1999年期間於麥肯錫公司（McKinsey & Company）任職業務分析師。 委任獨立非執行董事 友邦保險控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事會 （「董事會」）欣然宣佈Shulamite N K Khoo女士（「Khoo女士」）及顧敏先生 （「顧先生」）已獲委任 ...

Core Viewpoint - The establishment of AIA Asset Management and Aegon Asset Management in Shanghai marks a significant step in the high-level opening of China's financial market, showcasing the commitment of international capital to China's financial reform and development [1][4]. Group 1: Company Establishment - AIA Asset Management and Aegon Asset Management held their opening ceremony on January 28, marking the debut of the first wholly foreign-owned insurance asset management companies in Shanghai [1]. - The approval for the establishment of these companies was granted by the Financial Regulatory Bureau in December 2025, following a rapid six-month preparation period [2][3]. - AIA Asset Management is fully owned by AIA Life Insurance with a registered capital of 100 million yuan, while Aegon Asset Management, backed by the 180-year-old Aegon Group, has a registered capital of 250 million yuan [3]. Group 2: Strategic Importance - The simultaneous launch of these institutions is seen as a landmark event for Shanghai's financial sector and reflects the dual engagement of China's financial industry with international capital [4]. - Both companies aim to leverage their global expertise to provide diversified and international asset management services to Chinese institutional investors [3][5]. Group 3: Market Insights - The past five years have seen an average annual growth rate of about 8% in the assets under management in China's trust, wealth management, and insurance asset management sectors, making it the second-largest asset and wealth management market globally [6]. - International insurance giants view China as a market with significant growth potential, leading to increased investment and participation from foreign institutions [6]. - The entry of foreign firms is expected to enhance the diversity of products and services available in the Chinese insurance market, benefiting consumers and pushing local firms to improve their professional capabilities [6].

Core Viewpoint - Haitong International's report indicates that AIA Group is expected to achieve a 14% growth in new business value by the end of Q4 2025, driven by improved agent productivity, diversified channels, and better performance in Hong Kong and mainland markets [1] Group 1 - The forecast for the new business value growth trajectory is projected to remain healthy and sustainable at 15% to 17% over the next two years [1] - The new business value predictions for AIA from 2025 to 2027 have been revised upward by 0% to 7% [1] - The target price for AIA has been increased from HKD 99.5 to HKD 108.5, while maintaining an "outperform" rating [1]