Market Overview - The Hang Seng Index fell by 245.78 points, a decrease of 0.94%, closing at 25,781.77 points [1] - The total turnover for the day was 227.536 billion HKD [1] - The Hang Seng China Enterprises Index dropped by 78.88 points, closing at 9,223.78 points, a decline of 0.85% [1] - The Hang Seng Tech Index decreased by 84.85 points, closing at 5,923.09 points, a drop of 1.41% [1] Blue-Chip Stocks - Tencent Holdings decreased by 1.11%, closing at 623.5 HKD [1] - Hong Kong Exchanges and Clearing fell by 1.58%, closing at 422.4 HKD [1] - China Mobile declined by 0.88%, closing at 84.45 HKD [1] - HSBC Holdings increased by 0.1%, closing at 102.5 HKD [1] Local Hong Kong Stocks - Cheung Kong Holdings fell by 0.26%, closing at 37.86 HKD [1] - Sun Hung Kai Properties decreased by 1.44%, closing at 92.35 HKD [1] - Henderson Land Development dropped by 0.87%, closing at 27.3 HKD [1] Chinese Financial Stocks - Bank of China decreased by 0.23%, closing at 4.36 HKD [1] - China Construction Bank fell by 0.13%, closing at 7.81 HKD [1] - Industrial and Commercial Bank of China increased by 0.17%, closing at 5.96 HKD [1] - Ping An Insurance dropped by 0.72%, closing at 55.5 HKD [1] - China Life Insurance decreased by 2.33%, closing at 24.36 HKD [1] Oil and Petrochemical Stocks - Sinopec increased by 0.24%, closing at 4.13 HKD [1] - PetroChina rose by 1.15%, closing at 7.89 HKD [1] - CNOOC increased by 0.93%, closing at 19.5 HKD [1]

Group 1 - The core viewpoint of the article highlights the strategic personnel changes at Ping An Securities, including the appointment of Li Qian as the new general manager, which is expected to strengthen the company's management and operational capabilities [1][2] - Li Qian has extensive experience in the financial sector, having held various significant positions at China Construction Bank and GF Securities, indicating a strong background in financial markets and securities [1] - Ping An Securities has been actively enhancing its wealth management capabilities and has adopted an integrated service model, achieving a leading position in personal customer numbers and app user engagement within the industry [1] Group 2 - Alongside Li Qian, the promotion of Chief Risk Officer Zou Li is noted, with her responsibilities expanding to strengthen the internal control management system, which is crucial for enhancing operational efficiency [2] - Since the establishment of the new leadership team in 2018, Ping An Securities has maintained a clear strategic direction, resulting in robust performance growth and resolution of historical issues, with projected revenues of 11.382 billion and net profits of 4.376 billion in 2024, doubling since 2018 [2] - The adjustments in personnel are seen as foundational for the company's strategic deepening, service system upgrades, and internal control management enhancements, which are essential for maintaining competitive advantages in a challenging industry landscape [2]

Core Viewpoint - Insurance capital is actively increasing its holdings in bank stocks, driven by high dividend yields and stable returns, particularly in a low-interest-rate environment [1][3][4]. Group 1: Recent Activities of Insurance Capital - On October 10, Ping An Life increased its holdings in China Merchants Bank H-shares by 2.989 million shares, raising its total to 781 million shares, which accounts for 17% of the bank's H-shares [1]. - On the same day, Ping An purchased 6.416 million shares of Postal Savings Bank, bringing its total holdings to 17.01% [1]. - As of September 30, Ping An Life had acquired 39.634 million shares of Agricultural Bank H-shares, increasing its stake to 17.03%, with total holdings across its subsidiaries exceeding 19% [2]. Group 2: Reasons for Increased Investment in Bank Stocks - The high dividend yields and stable returns of bank stocks make them an ideal choice for insurance capital, especially in a declining interest rate environment [3]. - Regulatory encouragement for insurance capital to enter the market and new accounting standards promoting high-dividend asset allocation are also driving this trend [3]. - Current valuations of bank stocks are at historical lows, providing a favorable investment opportunity with cyclical resilience and policy support [3]. Group 3: Growth in Equity Allocation by Insurance Capital - A joint initiative by six departments aims to guide long-term funds, including insurance capital, to increase their market participation [4]. - As of the second quarter of 2025, the total investment balance of insurance companies exceeded 36 trillion yuan, with stock investments rising by 26.38% year-on-year [4]. - The five major listed insurance companies reported a total stock investment balance of 1.8 trillion yuan by mid-2025, reflecting an increase of over 400 billion yuan from the previous year [4]. Group 4: Market Outlook and Challenges - Insurance capital is expected to benefit from equity investments, enhancing investment returns and optimizing portfolio performance [5]. - However, challenges include the inherent volatility of the stock market, necessitating improved risk management and investment proportion control [5]. - Increased instances of insurance capital acquiring stakes may lead to market discussions regarding their impact [5].

| | 大發東國車輛車借錢人餐名情作出版書房 臺灣 / 臺田或地及時 國家的平均價 | | | 持有哪些的股份款目 信已發行的 南國聯生的日期 相關活躍發份 優權助機能 | | --- | --- | --- | --- | --- | | | 10 | 取时数目 | | ( [ [ ] ] = = 可投購服服 (日 / 月 / 平) 推信 | | | | | | 员目加 | | CS20251021E00198 | (1)11 ) 度 ( ) 股份有 101(L) | | 40,574,000(L) | HKD 5.6306 6,168,637,000(L) 20.06(L)20/10/2025 SEDAL | | | 禁公司 | | | | 格隆汇10月22日丨根据联交所最新权益披露资料显示，2025年10月20日，农业银行(01288.HK)获中国平 安保险（集团）股份有限公司在场内以每股均价5.6306港元增持4057.4万股，涉资约2.28亿港元。 增持后，中国平安保险（集团）股份有限公司最新持股数目为6,168,637,000股，持股比例由19.93%上升 至20.06%。 | 股份代赋: | 0 ...

10月21日中国平安大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 26.00 | 1510.08 | 58.08 | 0.00 | 兴业证券股份有限公司 | 中国国际金融股份有限公司北 | | | | | | 上海锦康路证券营业部 | 京建国门外大街证券营业部 | （文章来源：证券时报网） 证券时报·数据宝统计显示，中国平安今日收盘价为58.08元，上涨0.31%，日换手率为0.72%，成交额为 44.56亿元，全天主力资金净流入3.16亿元，近5日该股累计上涨2.83%，近5日资金合计净流入7.20亿 元。 两融数据显示，该股最新融资余额为242.34亿元，近5日减少8.16亿元，降幅为3.26%。 据天眼查APP显示，中国平安保险(集团)股份有限公司成立于1988年03月21日，注册资本1810764.1995 万人民币。（数据宝） 中国平安10月21日大宗交易平台 ...

格隆汇10月21日丨中国平安(2318.HK)：拟于2025年10月28日下午18:45-19:45通过网络文字互动方式召 开2025年第三季度业绩说明会。 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2025-041 中国平安保险（集团）股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 中国平安保险（集团）股份有限公司（以下简称"本公司"）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。 重要内容提示： 投资者可于 2025 年 10 月 24 日（星期五）23:59 前将相关问题通过电子邮件 的形式发送至本公司投资者关系邮箱：IR@pingan.com.cn。本公司将会于 2025 年第三季度业绩说明会（以下简称"业绩说明会"）上对投资者普遍关注的问题 进行回答。 一、业绩说明会类型 为了便于广大投资者更全面深入地了解本公司 2025 年第三季度业绩和经营 情况，本公司拟召开业绩说明会，并对投资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、地点 四、投资者参加方式 （一）投资者可于 2025 年 10 月 24 日（星期五）23:59 前将相关问题通过电 子邮件的形式发送至本公司投资者关系邮箱：IR@pingan.com.cn。本公司将会于 1 会议 ...

智通财经APP获悉，香港联交所最新资料显示，10月20日，中国平安保险(集团)股份有限公司增持农业 银行(01288)4057.4万股，每股作价5.6306港元，总金额约2.28亿港元。增持后最新持股数目约为61.69亿 股，最新持股比例为20.06%。 ...

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份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 自願性公告 召開2025年第三季度業績說明會 中國平安保險（集團）股份有限公司（「本公司」）擬於2025年10月28日在香港交易及結算所有 限公司網站（www.hkexnews.hk）公佈本公司2025年第三季度業績。為了便於廣大投資者更深 入、全面地瞭解本公司2025年第三季度業績和經營情況，本公司擬於2025年10月28日下午18:45- 19:45通過網絡文字互動方式召開2025年第三季度業績說明會（「業績說明會」）。本公司高級管 理人員將出席業績說明會。 投資者可於2025年10月24日23:59前將相關問題通過電子郵件的形式發送至本公司投資者關係郵 箱：IR@pingan.com.cn，本公司將會於業績說明會上對投資者普遍關注的問題進行回答。投資者 可於2025年10月28日下午18:45-19:45登錄上證路演中心（http://roadshow.sseinfo.com）線上參加業 績說明會 ...

智通财经APP获悉，香港联交所最新资料显示，10月20日，中国平安保险(集团)股份有限公司增持农业 银行(01288)4057.4万股，每股作价5.6306港元，总金额约2.28亿港元。增持后最新持股数目约为61.69亿 股，最新持股比例为20.06%。 ...