Core Viewpoint - The insurance sector is experiencing a significant upward trend, driven by multiple factors including market recovery, favorable asset conditions, and ongoing liability transformation [1][3][4]. Group 1: Market Performance - On December 15, insurance stocks collectively rose, with China Ping An increasing by over 5%, leading the sector alongside China Life, China Pacific Insurance, and New China Life [3][5]. - Year-to-date performance shows substantial gains for insurance stocks, with New China Life up over 45%, China Ping An up over 33%, China Pacific Insurance up over 19%, and China Life up over 12% [5][6]. Group 2: Regulatory and Policy Support - Recent favorable policies include a joint notice from the Ministry of Commerce, the People's Bank of China, and the financial regulatory authority aimed at boosting consumption through the development of various insurance products [3][4]. - The adjustment of risk factors for insurance companies' holdings, such as lowering the risk factor for certain index stocks, is expected to relieve solvency pressure and encourage long-term investment in the market [4][6]. Group 3: Future Outlook - Analysts predict that insurance stocks may enter a prolonged bull market, contingent on overall market conditions improving, which would enhance investment returns for insurance companies [6]. - International investment banks and domestic brokerages have recently issued "buy" and "overweight" ratings for several insurance stocks, indicating positive sentiment towards the sector's future performance [6].

New IPOs - Guoxia Technology (02655) received a subscription rate of 1890.73 times for its public offering in Hong Kong, with a share price of HKD 20.1 [1] - Easy Health (02661), Hansai Aitai-B (03378), and Nobi Kan (02635) are scheduled for public offerings from December 15 to December 18, with expected listing on December 23 [1] Major Events - Luoyang Molybdenum (03993) plans to acquire three major gold mining assets in Brazil for USD 1.015 billion [1] - Zhongwei New Materials (02579) has been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect securities list [1] - Botai Carlink (02889) received a first project confirmation notice from a leading domestic new energy vehicle client [1] - Xiehe New Energy (00182) intends to sell 100% equity of Cangzhou Julong for CNY 65.3 million [1] - Fosun Pharma (02196) plans to invest a total of CNY 1.412 billion to gain control of Green Valley Pharmaceutical [1] - Youqu Holdings (02177) intends to spend JPY 2.701 billion to acquire the Japanese consulting pharmacy chain Akahige [1] Financial Data - China Metallurgical Group (01618) signed new contracts worth CNY 958.13 billion in the first 11 months, a decrease of 8.6% year-on-year [1] - Xinhua Insurance (01336) reported a cumulative original insurance premium income of CNY 188.85 billion in the first 11 months, an increase of 16% year-on-year [1] - China Southern Airlines (01055) saw a 10.42% year-on-year increase in passenger turnover in November [1] - China Shenhua (01088) reported coal sales of 389.5 million tons in the first 11 months, a decrease of 7.7% year-on-year [1] - China Eastern Airlines (00670) experienced a 10.35% year-on-year increase in passenger turnover in November [1] - Air China (00753) reported a 10.1% year-on-year increase in passenger turnover in November [1] Share Buybacks - Tencent Holdings (00700) repurchased 1.051 million shares for HKD 636 million on December 15 [2] - Xiaomi Group-W (01810) repurchased 7.2 million shares for HKD 302 million on December 15 [2] - Geely Automobile (00175) repurchased 1.991 million shares for HKD 34.7485 million on December 15 [2] - Kuaishou-W (01024) repurchased 462,000 shares for HKD 29.9304 million on December 15 [2] - Rongchang Bio (09995) plans to repurchase shares worth between CNY 2 million and CNY 4 million [2] - Gendyn New Drug (01952) received over HKD 38 million in share purchases from directors and major shareholders [2]

Company News - China Shenhua (01088.HK) reported coal sales of 389.5 million tons for the first 11 months, a decrease of 7.7% year-on-year. November sales were 37 million tons, down 3.6% year-on-year [1] - China Metallurgical Group (01618.HK) signed new contracts worth RMB 958.13 billion in the first 11 months, an 8.6% decrease year-on-year, with overseas contracts amounting to RMB 75 billion, a 0.4% increase year-on-year [1] - China Eastern Airlines (00670.HK) saw a 6.51% year-on-year increase in passenger capacity in November, with passenger turnover up 10.35% year-on-year and a seat load factor of 87.37%, up 3.04 percentage points year-on-year [1] - China Southern Airlines (01055.HK) reported an 8.68% year-on-year increase in passenger capacity in November, with passenger turnover up 10.42% year-on-year and a seat load factor of 86.29%, up 1.36 percentage points year-on-year [1] - New China Life Insurance (01336.HK) recorded cumulative original insurance premium income of RMB 188.85 billion for the first 11 months, a 16% year-on-year increase [1] - AOS Group (01161.HK) announced annual results for the year ending September 30, 2025, with revenue of approximately HKD 981 million, a decrease of 0.19% year-on-year, and a net profit of HKD 80.887 million, a 19% year-on-year increase [1] - Hopson Development Holdings (00754.HK) reported total contract sales of approximately RMB 14.27 billion for the first 11 months, an 8.91% decrease year-on-year [1] - Agile Group (01813.HK) had a pre-sale amount of RMB 511 million in November, a decrease of 21.4% year-on-year [1] - Galen Pharmaceuticals (01672.HK) is expected to become a best-in-class oral small molecule IL-17 inhibitor, with positive topline results from its Phase I study in the U.S. [1] - Bole Technology (02592.HK) submitted a new drug clinical trial application for CBT-199 to the U.S. FDA [1] - China Supply Chain Industry (03708.HK) signed a strategic cooperation framework agreement with Golden Energy regarding digital assets [1] - Times China Holdings (01233.HK) had its liquidation petition withdrawn [1] - Botai Car Union (02889.HK) received a first project designation notice from a leading domestic new energy vehicle client [1] Buyback Activities - Haijia Medical (06078.HK) plans to repurchase 10% of its issued shares, with a repurchase amount of no less than RMB 300 million [1] - Tencent Holdings (00700.HK) repurchased 1.051 million shares for HKD 636 million, with repurchase prices ranging from HKD 602.5 to HKD 608 [1] - Xiaomi Group (01810.HK) repurchased 7.2 million shares for HKD 302 million, with repurchase prices ranging from HKD 41.78 to HKD 42 [1] Share Cancellation - Pacific Shipping (02343.HK) canceled 23.739 million repurchased shares [2]

Market Overview - The Hong Kong stock market experienced a collective decline on December 15, with the Hang Seng Index falling by 1.34% to close at 25,628.88 points, the Hang Seng China Enterprises Index down 1.78% to 8,917.70 points, and the Hang Seng Tech Index dropping 2.48% to 5,498.42 points [2] Technology Sector - Major technology stocks saw significant declines, with Baidu Group-SW down over 5%, Kuaishou-W down over 4%, SenseTime-W and Alibaba-W down over 3%, and Xiaomi Group-W and Tencent Holdings down over 2% [3] - Semiconductor stocks mostly fell, with InnoCare Pharma down over 9%, Hua Hong Semiconductor down over 6%, and SMIC down over 4% [3] Biotechnology Sector - Biotechnology stocks weakened, with BeiGene down over 8%, CanSino Biologics down over 6%, and WuXi Biologics down over 3% [3] Consumer Sector - Consumer stocks collectively rose, with Li Ning leading the blue-chip stocks with a gain of over 5%, closing at HKD 18.64 per share and a total market capitalization of HKD 48.2 billion [6] - The rise in consumer stocks is attributed to the opening of Li Ning's first "Dragon Store" and the launch of the new "Honor Gold Standard" product series, marking a significant milestone for the brand [6] Insurance Sector - Insurance stocks performed well against the market trend, with New China Life Insurance rising over 4%, China Pacific Insurance and Ping An Insurance both up over 2%, and China Life Insurance nearly 1% higher [7] - Ping An Insurance's A-shares and H-shares both reached four-year highs [7] - Recent regulatory changes by the National Financial Regulatory Administration have lowered risk factors for insurance companies, allowing for more long-term investment funds [9] - Market demand remains high, and the combination of stable interest rates and improved equity markets is expected to support investment returns [9]

北京商报讯（记者 李秀梅）12月15日，新华人寿保险股份有限公司（以下简称"新华保险"）公告，公司于2025年1月1日至2025年11月30日期间累计原 保险保费收入为1888.5亿元，同比增长16%。 新华保险表示，公司坚定做强做大保险本源业务，负债端聚焦价值转型，大力推动结构优化、品质提升；投资端强化专业能力建设，切实做好资产负 债匹配管理，不断提升投资效益。公司持续深化"以客户为中心"的专业化、市场化、体系化改革，"保险+服务+投资"三端协同发力，增强可持续发展 的竞争能力。 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 15日，A股主要股指集体下挫，创业板指、科创50指数午后加速下探；港股亦走低，恒生指数跌超 1%，恒生科技指数跌超2%。 具体来看，沪指盘中震荡回落，午后加速下行；创业板指、科创50指数等大幅下挫。截至收盘，沪指跌 0.55%报3867.92点，深证成指跌1.1%，创业板指跌1.77%，科创50指数跌2.22%，沪深北三市合计成交 17945亿元，较此前一日减少逾3200亿元。 全A股近3000股飘绿，半导体板块回调，芯原股份跌近12%，江波龙跌超8%，摩尔线程跌超6%；AI产 业链股跳水，腾景科技、仕佳光子跌超10%；保险板块逆市拉升，市值超万亿元的中国平安涨约5%， 创逾4年来新高；零售板块强势，百大集团连续3日涨停，东百集团7日斩获6板；乳业股集体走高，欢乐 家、皇氏集团（维权）、阳光乳业等涨停；商业航天概念热度不减，航天电子、通宇通讯等涨停。 港股方面，华虹半导体跌超6%，中芯国际跌逾4%，阿里巴巴等跌超3%。 保险板块强势 保险板块盘中大幅拉升，中国平安涨约5%，创逾4年来新高，全日成交超100元。此外，中国太保涨 3.5%， ...

Market Overview - The Hong Kong stock market faced downward pressure, with the Hang Seng Index falling by 1.34% to 25,628.88 points, and a total trading volume of HKD 204.29 billion [1] - The Hang Seng China Enterprises Index dropped by 1.78% to 8,917.7 points, while the Hang Seng Tech Index decreased by 2.48% to 5,498.42 points [1] Blue-Chip Stocks Performance - Li Ning (02331) led the blue-chip stocks, rising by 5.43% to HKD 18.64, contributing 3.53 points to the Hang Seng Index [2] - New Oriental-S (09901) increased by 2.81% to HKD 43.2, contributing 1.46 points, while China Ping An (02318) rose by 2.35% to HKD 65.25, contributing 16.07 points [2] - Hansoh Pharmaceutical (03692) fell by 7.58% to HKD 39.74, negatively impacting the index by 7.88 points, and SMIC (00981) dropped by 4.43% to HKD 64.7, contributing a decline of 21.64 points [2] Sector Performance - Major technology stocks generally declined, with Alibaba down by 3.57% and Tencent by 2.11%, amid renewed concerns over an AI bubble following disappointing earnings from leading AI companies [3] - Gold stocks saw significant gains as international gold prices approached historical highs, with Zijin Mining (02259) rising by 7.76% to HKD 158.4 [3] - Dairy stocks also performed well, with Yurun Dairy (09858) increasing by 7.67% to HKD 4.63, supported by favorable policies for childbirth [4] Insurance Sector - The insurance sector showed strong performance, with China Ping An (02318) reaching a four-year high, rising by 2.35% to HKD 65.25 [5] - Other insurers like New China Life (01336) and China Pacific Insurance (02601) also saw gains, attributed to regulatory changes that allow for more long-term investment funds [5][6] Notable Stock Movements - CloudTop New Horizon (01952) rose by 4.55% to HKD 46.88, with significant insider buying reported [7] - Sanhua Intelligent Control (02050) faced pressure, dropping by 7.25% to HKD 33.78, ahead of a significant unlock of cornerstone investor shares [8]

Group 1 - The core viewpoint of the article is that Xinhua Insurance has reported a significant increase in its original insurance premium income for the period from January 1, 2025, to November 30, 2025, amounting to RMB 188.85 billion, which represents a year-on-year growth of 16% [1] Group 2 - The total original insurance premium income for Xinhua Life Insurance Co., Ltd. during the specified period is RMB 188.85 billion [1] - The year-on-year growth rate of 16% indicates a positive trend in the company's performance [1]

（文章来源：每日经济新闻） 每经AI快讯，12月15日，新华保险(601336.SH)公告称，公司于2025年1月1日至2025年11月30日期间累 计原保险保费收入为人民币1888.50亿元，同比增长16%。 ...

公司坚定做强做大保险本源业务，负债端聚焦价值转型，大力推动结构优化、 品质提升；投资端强化专业能力建设，切实做好资产负债匹配管理，不断提升投 资效益。公司持续深化"以客户为中心"的专业化、市场化、体系化改革，"保 险+服务+投资"三端协同发力，增强可持续发展的竞争能力。 上述累计原保险保费收入数据未经审计，提请投资者注意。 特此公告。 新华人寿保险股份有限公司董事会 2025 年 12 月 15 日 | A股证券代码：601336 | A股证券简称：新华保险 编号：2025-067 | | --- | --- | | H股证券代码： 01336 | H股证券简称：新华保险 | 新华人寿保险股份有限公司 保费收入公告 新华人寿保险股份有限公司董事会及全体董事保证本公告内容不存 在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担法律责任。 根据中华人民共和国财政部《企业会计准则第 25 号——原保险合同》（财 会〔2006〕3 号）及《保险合同相关会计处理规定》（财会〔2009〕15 号），新华 人寿保险股份有限公司（以下简称"公司"）于 2025 年 1 月 1 日至 2025 年 ...