智通财经APP获悉，保险股集体上扬，截至发稿，友邦保险(01299)涨3.55%，报86港元；中国人寿 (02628)涨2.86%，报33.1港元；中国人保(01339)涨2.47%，报6.65港元；新华保险(01336)涨2.23%，报 61.8港元；中国平安(02318)涨2.06%，报69.5港元。 摩根士丹利近期发布研报称，预期2026年将是内险股再次跑赢大市的一年，主要驱动因素包括强劲的销 售增长、更佳的业务质量以及有利的投资环境，预期监管政策、利率走势及市场投资情绪将是追踪行业 整体表现的主要催化剂，相信行业估值有上升空间。另外，该行预期友邦保险(多数关键指标在去年第 四季将呈现持续改善的趋势，并维持对新业务价值健康增长的预期。 消息面上，近期，多家上市保险公司陆续披露2025年全年保费收入或净利润相关数据。其中，新华保险 2025年累计实现原保险保费收入1958.99亿元，同比增长15%；中国太保合计保费收入达4616.76亿元， 同比增长4.43%。华创证券预计上市险企2025年保费均实现稳健增长。该行指，保险板块持续两周调 整，预计主要受开门红增速回落、估值冲高影响。着眼短期，预计上市险企2 ...

本文源自：金融界AI电报 港股保险板块盘初走强，友邦保险(01299.HK)1涨2.35%，中国人寿(02628.HK)涨1.8%，保诚 (02378.HK)、中国人民保险集团(01339.HK)、中国太平(00966.HK)均涨超1%。 ...

港股保险板块震荡走高，中国人寿涨超3%，新华保险涨超2%，中国太平、中国太保、中国平安均涨超 1%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-bank financial sector [7] Core Insights - The non-bank sector has shown weak overall performance this week, but some companies have disclosed high profit growth forecasts for 2025. The China Securities Regulatory Commission (CSRC) has issued guidelines to promote the return to fundamentals in the public offering securities investment fund industry, which is expected to drive long-term stable development [2][4] - The market trading volume has decreased, yet remains at historically high levels. The report suggests monitoring the sector's future performance [4] - In the insurance sector, the third-quarter reports have confirmed the logic of deposit migration, increased equity allocation, and improved new policy costs. The certainty of ROE improvement has increased, and valuations are expected to accelerate recovery [4] - The report highlights the increasing cost-effectiveness of overall allocations and ongoing revaluation in the sector [4] Summary by Sections Non-Bank Sector Performance - The non-bank financial index decreased by 1.5% this week, with an underperformance of 0.8% relative to the CSI 300, ranking 29th out of 31 sectors [5] - Year-to-date, the non-bank financial index has decreased by 1.6%, underperforming the CSI 300 by 3.1% [5] Market Overview - The average daily trading volume in the two markets was 27,988.78 billion yuan, down 19.23% week-on-week, with a daily turnover rate of 2.68%, down 68.47 basis points [5] - The leverage capital scale has rebounded, with a margin balance of 2.72 trillion yuan, up 0.23% [5] Insurance Sector Insights - The cumulative insurance premium income for November 2025 reached 57,629 billion yuan, a year-on-year increase of 7.56% [23] - Life insurance income was 41,472 billion yuan, up 9.06% year-on-year, while property insurance income was 16,157 billion yuan, up 3.88% [24] Company Recommendations - The report recommends companies with stable profit growth and dividend rates, including Jiangsu Jinzu, China Ping An, and China Pacific Insurance, due to their strong business models and market positions [4] - Additional recommendations include New China Life, China Life, Hong Kong Exchanges and Clearing, CITIC Securities, Dongfang Caifu, Tonghuashun, and Jiufang Zhitu Holdings based on performance elasticity and valuation levels [4]

Investment Rating - The report maintains a "Recommend" rating for the non-bank financial sector, indicating a positive outlook for investment in this area [1][8]. Core Insights - The non-bank financial sector is experiencing a continued high level of activity, with significant increases in holdings in both the brokerage and insurance segments. The brokerage sector's holdings increased to 0.99%, while the insurance sector saw a substantial rise to 2.04% [1][7]. - The overall fund net asset value reached 36.8 trillion yuan, reflecting a year-on-year growth of 14% and a quarter-on-quarter increase of 2% [12]. - The brokerage sector is expected to benefit from improved market conditions, with a projected net profit increase of 26% year-on-year for Q4 2025 [19][20]. - The insurance sector is poised for strong performance in 2026, driven by favorable market conditions and a significant increase in new policy premiums [22][23]. Summary by Sections Public Fund Market Size - As of Q4 2025, the total net asset value of public funds was 36.8 trillion yuan, with a year-on-year increase of 14% and a quarter-on-quarter increase of 2% [12]. - The non-monetary fund size reached 21.7 trillion yuan, growing 16% year-on-year [12]. Non-Bank Sector Holdings Analysis Brokerage Sector - The brokerage sector's holdings increased to 0.99%, up 0.1 percentage points from the previous quarter, with a total of 7.71 billion shares held, reflecting a 17.9% quarter-on-quarter increase [20]. - Major brokerages such as CITIC Securities and Guotai Junan saw significant increases in their holdings, with respective increases of 0.14 and 0.07 percentage points [20][21]. Insurance Sector - The insurance sector's holdings rose to 2.04%, a significant increase of 0.97 percentage points from the previous quarter, exceeding the benchmark allocation [23]. - Key players like Ping An and China Life experienced notable increases in their holdings, with Ping An's allocation rising by 0.68 percentage points [23]. Investment Recommendations - The report suggests focusing on key stocks within the brokerage sector, including Guotai Junan, CITIC Securities, and Huatai Securities, as well as major insurance companies like Ping An and China Life [8].

二、中国人寿保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 2026年1月21日，湛江金融监管分局发布批复称，《关于中国人寿保险股份有限公司湛江分公司第一营 销服务部变更营业场所的请示》(国寿人险湛呈〔2026〕2号)收悉。经审核，现批复如下： 一、同意中国人寿保险股份有限公司湛江分公司第一营销服务部将营业场所变更为：广东省湛江市经济 开发区乐山路19号恒福时代商务中心1号楼酒店16层1606-1615号房。 ...

聚力赋能精耕细作，重塑健康险新生态 ——多机构召开健康保险高质量发展工作座谈会点评 保险Ⅱ 证券研究报告/行业点评报告 2026 年 01 月 26 日 | | | 报告摘要 执业证书编号：S0740525040002 Email：geyx01@zts.com.cn 执业证书编号：S0740517090005 | 上市公司数 | 5 | | --- | --- | | 行业总市值(亿元) | 34,888.11 | | 行业流通市值(亿元) | 34,888.11 | 2026-01-21 充展望》2026-01-14 切换测算：OCI 选择权的两面性，税 务 追 溯 对 现 金 流 影 响 有 限 》 2026-01-06 请务必阅读正文之后的重要声明部分 分析师：葛玉翔 事件：为促进行业转型升级，积极服务健康中国战略。 1 月 22 日，中国保险行业协 会在京召开健康保险高质量发展工作座谈会，精算师协会、银行保险资管业协会、银 保信公司等应邀参加会议。 分析师：蒋峤 基本状况 在中国保险行业协会的牵头下，多家机构集体发声，体现高层重视度。四家行业机构 全方面围绕健康保险，从产品、条款、费率、数据、资金等方 ...

根据公告，基金拟以人工智能引导 "科技创新、产业升级"为主线，与上海市和浦东新区市区两级 开展合作，以参股型私募股权投资方式，重点投向人工智能技术和相关应用，以及包括集成电路、 生物医药等其他各类科技创新产业，符合保险资金配置需求。 来源：中国人寿保险股份有限公司 近日，中国人寿保险 股份有限公司发布公告，称公司与多方联合设立 汇智长三角（上海）私募基 金合伙企业（有限合伙）（最终名称以工商登记信息为准）（"合伙企业"）。合伙企业全体合伙 人认缴出资总额为人民币50.515亿元，其中，中国人寿认缴出资额为人民币40亿元。国寿资本投 资有限公司（"国寿资本"）将作为合伙企业的管理人。 该合伙企业的共同成立方包含 上海浦东引领区投资中心（有限合伙） （"浦东创投"）、上海国投 先导人工智能私募投资基金合伙企业（有限合伙）（"国投先导"）及国寿基础设施投资管理有限 公司（"国寿基础"）（各方均作为有限合伙人），创智和瑞（上海）企业管理有限公司（"创智和 瑞"）（作为普通合伙人）及领智盈（上海）企业管理合伙企业（有限合伙）（"领智盈上海"） （作为特殊有限合伙人）。 热文： 谁押中了沐曦股份？ 荐读： 2025募资市 ...

| | 沪股通 | | | | | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | 名称 | | 阿里巴巴-W | -2.0% | -1.28 | 37.44亿 | 阿里巴-W | | 腾讯控股 | 0.8% | 4.72 | 25.64亿 | 腾讯控股 | | 紫尖矿业 | 4.4% | -16.05 | 23.49 Z | 中国海洋石油 | | 小米集团-W | -2.8% | 5.27 | 20.25亿 | 中芯国际 | | 钧达股份 | -6.6% | 2.22 | 20.09亿 | 小米集团-W | | 中国移动 | -0.9% | -11.77 | 19.96亿 | 盈富县金 | | 中芯国际 | -3.3% | 1.88 | 19.75亿 | ڇ类似,不 | | 中国海洋石油 | 4.0% | -0.35 | 17.85 Z | 老铺黄金 | | 泡泡玛特 | -0.9% | 6.13 | 14.19亿 | 钧达股份 | | 长飞光纤光缆 | 17.8% | -0.06 | 13.71亿 | 中国人寿 | 格隆汇1月26日｜南 ...

从76年前的应运而生，到30年前迈入人身险业务专业化经营，再到当下的引领国内寿险业砥砺奋进，中 国人寿始终用坚守与变革，诠释着国有金融险企的责任与担当。一路走来，从计划经济时代的独家经营 到市场经济大潮中的破浪前行，从传统保险服务商到综合金融生态引领者，变的是发展方式和商业模 式，是顺应时代的开拓进取，不变的是"以人民为中心"的发展思想，是"成己为人、成人达己"的核心价 值观，是守护人民美好生活的赤诚初心。 迎来个险营销30周年之际，中国人寿表示，将继续深耕寿险沃土，全心全意为广大保险消费者提供简 捷、品质、温暖的保险保障服务。未来，该公司将不忘初心、砥砺前行，以高质量的保险产品供给助力 夯实人民美好生活的"经济基础"，切实提升人民群众的获得感、幸福感和安全感。 2026年，寿险头雁——中国人寿保险股份有限公司（以下简称"中国人寿"，股票代码：601628.SH， 2628.HK）将迎来个险营销30周年。 30年前，中国人寿的前身中保人寿有限公司成立，开始迈入人身保险业务专业化经营时代，也是从这一 年开始，正式引入"个人营销代理人制度"。其个险销售队伍如同春笋般在全国各地破土而出，将保险的 种子播撒在960万 ...