"之前淡水鱼养殖没有保险保障，极端天气带来的损失只能自己扛。买了淡水鱼气象指数保险，心 里有了底，受灾后能从中国人寿财险拿到赔款，有效降低了经营风险，现在终于能踏踏实实地安心搞养 殖了。真心为这个接地气的保险点赞！"山东省滕州市滨湖镇淡水鱼养殖大户、鑫泽滨农业科技发展有 限公司经理刘启超由衷地说。 2024年和2025年，气象部门分别监测到峄城区底阁镇持续降雨量达理赔阈值，触发保险条款中"强 降雨"责任。保险公司按照条款约定两次共赔款93.7万元，有效降低了养殖户的经济损失。 在峄城区试点成功的基础上，枣庄市农业农村局、财政局及时将这一接地气、惠民众、助产业的保 险产品提标扩面。滕州市滨湖镇毗邻微山湖，区域内淡水资源丰富，淡水鱼养殖以湖泊、坑塘、塘坝养 殖为主，是当地重要的淡水鱼养殖基地。中国人寿财险枣庄市中心支公司迅速跟进，在与滕州市财政、 农业、气象等部门进行的区域内淡水鱼养殖和风险情况调研中，滕州市畜牧渔业事业发展中心主任赵国 庆提出，持续高温天气同样会导致淡水鱼养殖受损，可否增加高温保险责任。 针对这一建议，中国人寿财险总、省、市、县四级公司协同联动，通过详细分析测算当地高温天气 对淡水鱼生长影响程度 ...

| 股票名称 | 沽空金额↓ | 沽空比率 | 偏离值 | | --- | --- | --- | --- | | 泡泡玛特(09992) | 10.08 亿元 | 17.14% | -7.69% | | 小米集团-W(01810) | 8.25 亿元 | 10.26% | -11.52% | | 美团-W(03690) | 7.77 亿元 | 17.49% | 1.85% | | 中国人寿(02628) | 7.18 亿元 | 23.90% | 3.47% | | 洛阳钼业(03993) | 6.87 亿元 | 35.31% | 21.99% | | 百度集团-SW(09888) | 6.24 亿元 | 21.01% | -5.12% | | 阿里巴巴-W(09988) | 6.13 亿元 | 6.91% | -7.34% | | 比亚迪股份(01211) | 4.97 亿元 | 20.25% | 0.39% | | 腾讯控股(00700) | 4.79 亿元 | 3.27% | -7.53% | | 中国平安(02318) | 3.47 亿元 | 16.40% | -12.96% | 前十大沽空偏离值排行 ...

Group 1 - The address of China Life Insurance Co., Ltd. Fangzheng Branch has been changed to the second and first floors of the residential building of the Urban Construction Bureau on Victory Street, Fangzheng Town, Fangzheng County, Harbin City, Heilongjiang Province [1] - The responsible person for the branch is Li Chunyu [1] - The institution code is 000005230124, and the license serial number is 00156967 [1]

Group 1 - The core point of the article highlights that BlackRock has reduced its stake in China Life Insurance by selling approximately 20.79 million shares at a price of HKD 32.6945 per share, totaling around HKD 680 million [2] - Following the sale, BlackRock's remaining shareholding in China Life Insurance is approximately 516 million shares, representing a holding percentage of 6.94% [2] Group 2 - The stock price of China Life Insurance is currently at HKD 48.29, reflecting a daily increase of 0.77% [1] - The stock has shown various percentage changes over different time frames, including 1.62% for the past week, 2.78% for the past month, and 1.85% for the past three months [1]

Core Viewpoint - On January 20, the Hang Seng Index fell by 0.29%, closing at 26,487.51 points, while southbound funds through the Stock Connect recorded a net buy of HKD 36.63 billion [1]. Group 1: Market Activity - The total trading volume for the Stock Connect on January 20 was HKD 972.83 billion, with a net buy of HKD 36.63 billion [1]. - The Shanghai Stock Connect accounted for HKD 594.79 billion in trading volume with a net buy of HKD 34.44 billion, while the Shenzhen Stock Connect had a trading volume of HKD 378.04 billion and a net buy of HKD 2.18 billion [1]. Group 2: Active Stocks - In the Shanghai Stock Connect, Tencent Holdings was the most actively traded stock with a transaction amount of HKD 37.26 billion, followed by Xiaomi Group-W and Alibaba-W with transaction amounts of HKD 30.51 billion and HKD 23.91 billion, respectively [1]. - Tencent Holdings had a net buy of HKD 5.03 billion, despite its closing price dropping by 1.48% [1]. - China Mobile recorded the highest net sell amount of HKD 6.37 billion, closing flat [1]. Group 3: Shenzhen Stock Connect Activity - In the Shenzhen Stock Connect, Tencent Holdings also led with a transaction amount of HKD 26.62 billion, followed by Alibaba-W and SMIC with transaction amounts of HKD 25.02 billion and HKD 19.36 billion, respectively [2]. - Meituan-W had the highest net buy amount of HKD 2.54 billion, although it closed down by 1.17% [2]. - SMIC experienced the largest net sell amount of HKD 5.42 billion, closing down by 3.25% [2].

Core Viewpoint - The article discusses the performance and prospects of exclusive commercial pension insurance products, highlighting their competitive settlement rates and the growing demand for stable, long-term investment options in the current market environment [1][6][8]. Summary by Sections Exclusive Commercial Pension Insurance - In 2025, 80% of exclusive commercial pension insurance accounts are expected to have settlement rates exceeding 3%, with 95% of accounts surpassing 2.75% [1][8]. - Six products from Agricultural Bank Life and National Pension have settlement rates exceeding 4% [9][10]. - The average settlement rate for 80 accounts in 2025 is projected to be 3.3%, an increase of 1 percentage point from the previous year [16][20]. Product Performance - The average settlement rate for exclusive commercial pension insurance has consistently been above 3% since 2021, with the first batch of products achieving an average of 4% over five years [13][17]. - The top six products with the highest settlement rates in 2025 include various offerings from Agricultural Bank Life and National Pension, all exceeding 4% [11][14]. Market Trends - The demand for long-term, stable, and higher-yielding products has surged due to external interest rate declines and the upcoming maturity of large deposits, estimated to be around 50 trillion yuan [6][8]. - The insurance industry is actively promoting the development of dividend insurance and "guaranteed + floating yield" products to enhance competitiveness and improve liability quality [6][8]. Consumer Insights - Exclusive commercial pension insurance products offer several advantages, including flexible investment options, guaranteed minimum returns, and tax benefits for personal pension contributions [24][27]. - The products feature both conservative and aggressive account types, allowing consumers to switch between them during the contract period [27][30].

Group 1 - The insurance stocks experienced a significant increase, with China Life rising by 4% to HKD 33.3, China Pacific up by 3.51% to HKD 23.6, China Taiping increasing by 2.41% to HKD 39.06, and Ping An rising by 1.61% to HKD 69.5 [2] - In the first week of January 2026, listed insurance companies reported impressive premium income from the bancassurance channel, with China Life, Ping An Life, and PICC Life achieving over 100% year-on-year growth [2] - Individual insurance premium income also saw a general increase of over 30% year-on-year [2] Group 2 - On January 19, China Taiping released the first earnings forecast among listed insurance companies, projecting a substantial net profit increase of 215% to 225% for the year 2025 [2] - According to Open Source Securities, the performance of individual insurance and bancassurance exceeded expectations, indicating a potential continuation of catalysts on both the liability and asset sides [2] - Citigroup's research report anticipates a historic opportunity for the life insurance industry in 2026, driven by retail investors seeking higher reinvestment returns for maturing bank deposits [2] - Citigroup favors industry leaders such as China Life and Ping An in their 2026 outlook [2]

中國人壽（02628.HK）的股價在經歷前期顯著上漲後，進入一個關鍵的技術整固階段。市場正審視其短線回調壓力與長期行業復蘇邏輯之間的平衡。本文將整合最新 的技術指標、市場新聞動態以及【中銀做客】專欄的核心觀點，為投資者剖析其短期走勢，並提供在複雜市況下運用衍生工具的審慎策略。 一、技術分析：高位整固，關鍵支撐位面臨考驗 截止14點29分，股價報32.12元。從技術走勢觀察，中國人壽股價在創下近期高點後，但股價仍穩定運行於關鍵的30日移動平均線（約29.32元）及60日移動 平均線（約27.70元）之上，表明其中期上升趨勢結構尚未被破壞。然而，多個技術指標發出短期需要整固的信號。相對強弱指數（RSI）位於69，接近超買 區間，暗示短線買盤動能可能暫時消耗過大。此外，動量震盪指標發出了"賣出"信號，結合一目均衡表和MACD指標雖然維持"買入"指向但強度可能減弱的 情況，共同印證了股價在挑戰更高阻力前，於當前高位消化獲利盤的必要性。 當前市場對中國人壽的看法呈現出"長期趨勢向好"與"短期業績驗證"並存的格局，這與保險業整體的發展態勢緊密相連。 積極的長期趨勢與基本面改善。 在1月13日的【中銀做客】欄目中，中銀國際 ...

Core Insights - On January 20, 2026, Tencent Holdings (00700), Xiaomi Group-W (01810), and Alibaba-W (09988) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 3.726 billion, 3.051 billion, and 2.391 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, Tencent Holdings (00700), Alibaba-W (09988), and SMIC (00981) led the trading volume, with amounts of 2.662 billion, 2.502 billion, and 1.936 billion respectively [1] Southbound Stock Connect Trading Activity - The top active companies in the Southbound Stock Connect included: - Tencent Holdings (00700) with a trading amount of 3.726 billion and a net buying amount of +0.503 billion [2] - Xiaomi Group-W (01810) with a trading amount of 3.051 billion and a net buying amount of +0.287 billion [2] - Alibaba-W (09988) with a trading amount of 2.391 billion and a net selling amount of -5.778 million [2] - Other notable companies included Pop Mart (09992) and SMIC (00981) with trading amounts of 2.178 billion and 2.123 billion respectively [2] Shenzhen-Hong Kong Stock Connect Trading Activity - The top active companies in the Shenzhen-Hong Kong Stock Connect included: - Tencent Holdings (00700) with a trading amount of 2.662 billion and a net buying amount of +0.160 billion [2] - Alibaba-W (09988) with a trading amount of 2.502 billion and a net buying amount of +7.257 million [2] - SMIC (00981) with a trading amount of 1.936 billion and a net selling amount of -5.420 billion [2] - Other notable companies included Xiaomi Group-W (01810) with a trading amount of 1.603 billion and a net buying amount of +0.108 billion [2]

Core Viewpoint - China Life Insurance Company Hebei Branch is committed to integrating its development with local strategies, providing quality financial insurance services to contribute to the modernization of Hebei province [1] Group 1: Party Building and Organizational Development - The company leads the pilot work for party organization in Hebei, establishing a leadership group and work team to promote a new pattern of party building [2] - It has organized training sessions to interpret the spirit of the 20th National Congress, resulting in 26 high-quality research papers [2] - The company emphasizes collaboration between provincial and local levels to enhance the effectiveness of party building activities [2] Group 2: Professional Services and Social Contributions - The company has provided insurance services to over 34 million clients in the province, with 10.22 million new clients and a risk coverage amount of 11.7 trillion yuan [3] - It supports rural revitalization with over 7.98 million insured service participants in agricultural insurance [3] - The company has contributed over 50% to the personal pension market and provided risk coverage of 164.48 billion yuan for technology and emerging industries [3] Group 3: Investment and Economic Development - China Life Group has invested 179.4 billion yuan in Hebei, supporting the construction of the Xiong'an New Area and other infrastructure projects [4] - The company has initiated a 10 billion yuan fund for the silver economy, with an initial scale of 5 billion yuan [4] Group 4: Customer Experience and Service Enhancement - The company operates 160 customer service outlets and employs 857 service personnel, leading the industry in Hebei [5] - It has implemented various upgrades to enhance customer experience, including accessibility improvements for elderly clients [5] - The company has organized themed activities to support students during exam seasons, providing dedicated services at multiple outlets [5] Group 5: Compliance and Risk Management - The company prioritizes compliance and has established a robust risk management framework to prevent and mitigate various risks [6][7] - It has implemented a "1st Project" for risk inspection and monitoring illegal financial activities [7] - The company is actively involved in social responsibility initiatives, including insurance donations totaling 18 billion yuan for organ donation families and children in need [7]