Zhi Tong Cai Jing·2025-08-21 19:11Core Viewpoint - AIA Group's (01299) Chinese operations are gaining increased market attention due to sustained recovery-driven growth and improved profit margins [1] Group 1: Growth Drivers - Management identifies three key growth drivers in the Chinese market: professional high-end agents, differentiated banking business, and geographical expansion [1] - The compound annual growth rate (CAGR) of new business value in new regions for AIA China is projected to reach 46% from the first half of 2022 to the first half of 2025 [1] Group 2: Performance and Confidence - The company has a strong performance record, encouraging recruitment trends, and positive operational results, leading management to express confidence in the company's future [1] - Morgan Stanley has set a target price of HKD 96 for AIA, maintaining an "Overweight" rating [1]