从中证金砖国家60指数持仓的市场板块来看，印度国家证券交易所占比40.49%、上海证券交易所占比 30.54%、深圳证券交易所占比13.11%、莫斯科银行间外汇交易所占比10.59%、里约证券交易所占比 3.23%、约翰内斯堡证券交易所(Level 1)占比2.05%。 从中证金砖国家60指数持仓样本的行业来看，金融占比37.43%、能源占比15.51%、主要消费占比 10.49%、信息技术占比7.61%、工业占比7.22%、可选消费占比6.60%、原材料占比3.63%、医药卫生占 比3.28%、通信服务占比3.21%、公用事业占比2.72%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。每次调整的样本比例一般不超过10%。定期调整设置缓冲区，排名在48名之前的新样本优先进 入；排名在72名之前的老样本优先保留。定期调整时，根据样本空间内未入选证券的日均总市值由高到 低设置备选名单，备选名单中证券数量一般为5只。特殊情况下将对指数进行临时调整。发生临时调整 时，由最近一次指数定期调整时的备选名单中排名最高的证券替代被剔除的证券。当样本退市时，将其 从指 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601318 | 中国平安 | 1.60 | 0.45 | 43652.85 | | 300059 | 东方财富 | 1.20 | 2.08 | 22056.90 | | 600958 | 东方证券 | 2.70 | 1.62 | 15352.74 | | 601059 | 信达证券 | 6.01 | 15.93 | 14707.69 | | 601601 | 中国太保 | 1.16 | 0.31 | 14547.63 | | 601198 | 东兴证券 | 2.96 | 2.30 | 9534.49 | | 601881 | 中国银河 | 2.52 | 0.91 | 8875.54 | | 601319 | 中国人保 | 2.56 | 0.24 | 8474.21 | | 002673 | 西部证券 | 0.95 | 2.01 | 7832.26 | | 601696 | 中银证券 | 1.10 | 7.38 | 7738.93 | | 60121 ...

Group 1 - The core index, the China Securities Hong Kong 300 Cycle Index (H300 Cycle), reported a value of 1452.47 points, with a monthly increase of 2.22%, a three-month increase of 17.36%, and a year-to-date increase of 23.71% [1] - The index is designed to reflect the overall performance of theme securities listed on the Hong Kong Stock Exchange, selected based on the China Securities industry classification [1] - The top ten holdings of the index include HSBC Holdings (18.16%), China Construction Bank (10.23%), AIA Group (8.21%), Hong Kong Exchanges and Clearing (5.74%), Industrial and Commercial Bank of China (5.65%), Ping An Insurance (4.29%), Bank of China (4.08%), CNOOC (3.55%), China Merchants Bank (2.52%), and China Life Insurance (1.78%) [1] Group 2 - The market sector representation of the index shows that the Hong Kong Stock Exchange accounts for 100.00% [2] - The industry breakdown of the index holdings indicates that finance comprises 73.65%, real estate 9.97%, energy 8.60%, materials 5.16%, and industrials 2.62% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December, with provisions for temporary adjustments in special circumstances [2]

Group 1: Company Overview - China Ping An's latest stock price is 58.21 yuan, with a slight increase of 0.01 yuan, representing a 0.02% rise compared to the previous trading day. The opening price was 58.10 yuan, with a high of 58.34 yuan and a low of 57.85 yuan, resulting in a trading volume of 2.092 billion yuan and a fluctuation of 0.84% [1] - China Ping An operates in the insurance industry as a comprehensive financial group, covering life insurance, property insurance, banking, and asset management. The company is headquartered in Guangdong and is also listed on the Hong Kong Stock Exchange [1] Group 2: Industry Changes - The life insurance industry is undergoing significant changes, with regulatory authorities lowering the maximum guaranteed interest rate for ordinary life insurance products from 2.5% to 2.0%, and for participating life insurance from 2.0% to 1.75% [1] - Management at China Ping An indicated that participating insurance will become the main product, with new policies potentially exceeding 50% of total new business. Industry analysis suggests that by the first half of 2025, 259 new participating insurance products will be launched, accounting for 33% of the total new life insurance products [1] Group 3: Capital Flow - On the day of reporting, China Ping An experienced a net inflow of main funds amounting to 42.1398 million yuan, with a cumulative net inflow of 379.4557 million yuan over the past five days [2]

Core Viewpoint - DBS reaffirms "Buy" rating for Ping An Insurance (601318) (02318), maintaining H-share target price at HKD 69 and A-share target price at CNY 68.41 based on a 15% premium [1] Group 1: Business Performance - The new business value (VNB) for Ping An is expected to grow in the first half of the year, driven by strong sales of dividend-type products, particularly through the bank insurance channel [1] - The marginal profit margin is anticipated to improve slightly [1] Group 2: Investment Outlook - The company's investment income and asset portfolio outlook remain optimistic [1] - A significant improvement in the combined cost ratio for property and casualty insurance business year-on-year is expected [1] Group 3: Banking Operations - Ping An Bank continues to adjust its business operations [1]

Core Viewpoint - DBS has reiterated a "Buy" rating for Ping An Insurance (02318), maintaining a target price of HKD 69 for H-shares and CNY 68.41 for A-shares, reflecting a 15% premium [1] Group 1: Business Performance - The company is expected to see an increase in new business value (VNB) in the first half of the year, driven by strong sales of participating insurance products, particularly through bank insurance channels [1] - There is a slight improvement in the marginal profit margin for the company [1] Group 2: Investment Outlook - The investment income and asset portfolio outlook for the company remains optimistic [1] - The comprehensive cost ratio for property and casualty insurance business is expected to improve significantly year-on-year in the first half of the year [1] Group 3: Banking Operations - Ping An Bank continues to adjust its business operations [1]

二、中国平安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。 一、同意中国平安人寿保险股份有限公司绍兴中心支公司钱清营销服务部的营业场所变更为：浙江省绍 兴市越城区灵芝街道解放大道647号宁波银行金融大厦1002—1室。 2025年7月28日，国家金融监督管理总局绍兴监管分局发布批复称，《关于变更中国平安（601318）人 寿保险股份有限公司绍兴中心支公司钱清营销服务部营业场所的请示》（平保寿浙分发〔2025〕217 号）收悉。经审核，现批复如下： ...

Core Viewpoint - DBS expects China Ping An's new business value (VNB) to increase in the first half of the year, driven by strong sales of participating products, particularly through the bank insurance channel [1] Group 1: Business Performance - The sales of participating products are expected to remain robust, contributing to the growth of VNB [1] - The marginal profit margin is also anticipated to improve slightly [1] Group 2: Investment Outlook - The investment income and asset portfolio outlook for the company is optimistic [1] - The comprehensive cost ratio for property and casualty (P&C) business is expected to improve significantly year-on-year [1] Group 3: Company Ratings - DBS maintains a "Buy" rating for China Ping An, considering it a preferred choice among Chinese insurance stocks [1] - The target price for H-shares is set at HKD 69, while the target price for A-shares is set at CNY 68.41, reflecting a 15% premium [1]

国家金融监管总局前处长徐继华出任锦州市副市长 贵州金融监管局原局长李华涛因受贿罪一审被判10年9个月 华夏人寿被吊销业务许可证，原董事长遭终身禁业 上半年商业健康险保费收入增速仅2.3%，低于5%行业平均 惠誉称中国寿险业前景"恶化"，由增长前景放缓和盈利波动所驱动 蚂蚁集团原副总裁王晓航出任中国平安首席技术官兼平安科技总经理 中共中央政治局：宏观政策要持续发力、适时加力 人社部：个人养老金制度将探索默认投资模式 国家金融监管总局等五部门：不得面向不特定车辆开展交通安全统筹 国家金融监管总局：全力做好主汛期灾害应对和保险理赔服务工作 李云泽：险企要全力支持重大工程建设，助力特色优势产业发展 李云泽与香港保监局主席姚建华就加深化双边监管合作等议题交流 河北金融监管局：推动省级专项支持文旅产业保险落地 新疆、甘肃金融监管局迎新任副局长 重庆、宁夏、甘肃、天津金融监管局迎新任纪委书记 张龙获批担任长江财险董事长 钱芳拟出任国联人寿董事长 王岗拟接替黎作强出任陆家嘴国泰人寿董事长 靳超获批担任平安养老险总经理 王刚获批担任大家人寿副总经理 侯晋获批担任国寿寿险总助 王进出任东吴财险总精算师 苏林获批担任国寿养老审计责 ...

Summary of Key Points Core Viewpoint - China Ping An's stock closed at 58.2 yuan on August 1, 2025, reflecting a decrease of 0.83% with a trading volume of 488,800 shares and a total transaction value of 2.86 billion yuan [1]. Trading Information - On August 1, 2025, the net outflow of main funds was 65.43 million yuan, accounting for 2.29% of the total transaction value; retail investors saw a net inflow of 62.65 million yuan, representing 2.19% of the total transaction value [1][3]. Company Announcement - As of July 31, 2025, the total registered capital of China Ping An Insurance (Group) Co., Ltd. was 18,210,234,607 yuan, with no changes in the number of A-shares and H-shares [2]. - The company has issued a cash dividend of 1.62 yuan per share for the 2024 year-end, and the conversion price for the 2024 convertible bonds has been adjusted to 41.19 HKD per H-share [2][3].