从上证金融地产行业指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证金融地产行业指数持仓样本的行业来看，金融占比98.68%、房地产占比1.32%。 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。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数样本进行临时调整。当样本退市时，将其从指 数样本中剔除。当样本公司有特殊事件发生，导致其行业归属发生变更时，将对指数进行相应调整。样 本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 金融界7月31日消息，上证指数低开低走，上证金融地产行业指数 (上证金融，000038)下跌1.35%，报 5880.46点，成交额508.71亿元。 数据统计显示，上证金融地产行业指数近一个月上涨1.81%，近三个月上涨13.16%，年至今上涨 10.86%。 据了解，上证金融地产行业指数选取沪市中属于金融和房地产行业的上市公司证券作为指数样本，以反 映沪市金融和房地产上市公司证券的整体表现。该指数以2003年12月 ...

Core Viewpoint - UBS has raised the target price for China Ping An (601318) from HKD 60 to HKD 66, maintaining a "Buy" rating due to improved macroeconomic conditions and reduced spread risks [1] Financial Performance - China Ping An is expected to announce its mid-year results at the end of August, with a forecasted year-on-year growth of 3.5% in after-tax operating profit (OPAT) [1] - The growth rate for the second quarter is anticipated to accelerate to 4.5%, compared to 2.4% in the first quarter, primarily driven by the recovery in capital markets benefiting the asset management business and the rebound in bond fair value due to declining interest rates in the property insurance sector [1] New Business Value - The new business value (VNB) for the second quarter is projected to increase by 43% year-on-year, with a total growth of 38% for the first half of the year, outperforming peers [1] Net Profit and Dividends - UBS forecasts a 5.9% increase in after-tax net profit (NPAT) for the second quarter [1] - The mid-year dividend is expected to slightly increase to CNY 0.94 per share, with an anticipated total annual dividend of CNY 2.63 per share, resulting in a dividend yield of 5.1%, the highest among peers [1]

Core Viewpoint - UBS has raised the target price for China Ping An (02318) from HKD 60 to HKD 66, maintaining a "Buy" rating due to improved macro environment and reduced spread risks [1] Financial Performance - China Ping An is expected to announce its mid-year results at the end of August, with a forecasted year-on-year growth of 3.5% in after-tax operating profit (OPAT) [1] - The second quarter is projected to see an accelerated growth rate of 4.5%, compared to 2.4% in the first quarter, driven by the recovery in asset management and the rebound in fair value of bonds in property insurance due to declining interest rates [1] New Business Value - The new business value (VNB) for the second quarter is anticipated to grow by 43% year-on-year, with a total increase of 38% for the first half of the year, outperforming peers [1] Net Profit and Dividends - UBS forecasts a 5.9% increase in after-tax net profit (NPAT) for the second quarter [1] - The mid-term dividend is expected to slightly increase to RMB 0.94 per share, with an anticipated total annual dividend of RMB 2.63 per share, resulting in a dividend yield of 5.1%, the highest among peers [1]

A股保险板块持续走弱，中国人保盘中跌超5%，中国人寿、中国平安跟跌。 ...

A股保险板块走低，中国人保跌逾4%，中国太保跌逾3%，中国人寿、中国平安跌近3%。 ...

Group 1 - The total salary of A-share listed company secretaries in 2024 reached 4.086 billion yuan, with an average annual salary of 1.162 million yuan [1] - In the non-bank financial sector, there are 83 A-share listed companies, with 83 secretaries, of which 59.03% are aged between 50 and 59 years [1] - The educational background of the secretaries shows that 56.63% hold a master's degree, 27.71% have a bachelor's degree, and 14.46% possess a doctoral degree [1] Group 2 - The highest-paid secretary is Sheng Ruisheng from China Ping An, with a salary of 3.7368 million yuan in 2024, while the lowest is Guo Liangyong from Zhongyuan Securities, earning only 192,400 yuan [2] - Guo Liangyong has recently taken on the role of secretary after serving as the financial director, and Zhongyuan Securities has faced multiple penalties in 2024 [2][3] - Regulatory actions against Zhongyuan Securities include administrative measures for organizational structure violations and issues related to salary management and performance evaluation [3]

Group 1 - The core point of the article highlights that China Ping An's stock price decreased by 2.04% to 55.15 CNY per share, with a trading volume of 504 million CNY as of 09:40 on July 31 [1] - China Ping An is recognized as one of the most comprehensive financial groups in China, with a wide range of licenses and services including insurance, banking, asset management, and healthcare [1] - The company emphasizes the integration of "comprehensive finance + healthcare and elderly care" services, offering specialized services such as "financial advisory, family doctor, and elderly care manager" [1] Group 2 - As of the first quarter of 2025, China Ping An reported total operating revenue of 146.113 billion CNY and a net profit of 27.016 billion CNY [1] - On July 30, Jiao Yin International Securities maintained a "buy" rating for China Ping An, raising the target price to 73 HKD [1] - China Ping An is scheduled to disclose its mid-year report for the fiscal year 2025 on August 26 [1]

Core Viewpoint - UBS forecasts that China Ping An will announce its mid-year results at the end of August, with a projected year-on-year growth of 3.5% in after-tax operating profit (OPAT) for the first half of the year, driven by a recovery in the capital markets and improved bond fair value due to declining interest rates [1] Financial Performance - The second quarter is expected to see an accelerated growth rate of 4.5%, compared to 2.4% in the first quarter, benefiting from the asset management business and property insurance [1] - The new business value (VNB) is projected to grow by 43% year-on-year in the second quarter, with a total increase of 38% for the first half, outperforming peers [1] Dividend Outlook - UBS predicts a slight increase in the interim dividend to HKD 0.94 per share, with an expected total annual dividend of HKD 2.63 per share, resulting in a dividend yield of 5.1%, the highest among peers [1] Target Price Adjustment - Based on improved macroeconomic conditions and reduced interest rate risks, UBS has raised the target price from HKD 60 to HKD 66 while maintaining a "Buy" rating for Ping An [1]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Over 21% of the secretaries earned more than 1 million yuan annually, indicating a significant compensation level in the industry [1] Industry Overview - In the non-bank financial sector, there are 83 A-share listed companies, with 83 secretaries [1] - The majority of secretaries (59.03%) are aged between 50 and 59, indicating a mature workforce [1] - The educational background of the secretaries shows that 56.63% hold a master's degree, while only 1 individual has a diploma or lower [3] Salary Analysis - The average salary for secretaries in the 83 companies is 1.162 million yuan, with the highest salary being 3.7368 million yuan for the secretary of China Ping An [1][6] - The lowest salary is reported at 192,400 yuan for the secretary of Zhongyuan Securities, which is linked to the company's recent regulatory issues and a significant decline in investment banking revenue [6][9] Regulatory Issues - Zhongyuan Securities faced multiple regulatory penalties in 2024, including issues related to organizational structure and compliance failures [8][9] - The company’s investment banking revenue saw a year-on-year decline of 38.79%, attributed to these regulatory challenges [9]

港股保险股持续走低，新华保险(01336.HK)跌超4%，中国平安(02318.HK)、中国太保(02601.HK)跌超 3%，友邦保险(01299.HK)、阳光保险(06963.HK)等跟跌。 ...