保险港股龙头率先爆发打开空间，机构称行业估值仍有大幅提升潜力

Group 1 - The Hong Kong insurance sector showed strong performance on August 12, with China Pacific Insurance, China Taiping Insurance, and Yunfeng Financial rising by 6.77%, 5.89%, and 5.36% respectively [1] - CITIC Securities believes that compared to international standards, China's insurance industry has the potential to double its assets. Companies with a price-to-book (PB) ratio around 1x have significant safety margins and potential for growth [1] - The recent measures issued by the Shanghai Financial Regulatory Bureau and other departments aim to promote the high-quality development of commercial health insurance, which is expected to enhance the market's growth potential and support the insurance sector's risk pricing capabilities [1] Group 2 - Current PEV valuations for major companies are as follows: China Life at 0.71x, New China Life at 0.69x, Ping An at 0.68x, and China Pacific at 0.59x [2]