Ge Long Hui·2026-01-07 03:06Core Viewpoint - DBS has raised the target price for China Taiping from HKD 23 to HKD 25, maintaining a "Buy" rating, indicating a positive outlook for the company's future performance [1] Group 1: Business Strategy - Over 90% of China Taiping's new business consists of policy products, reflecting a strong focus on insurance offerings [1] - The company's investment strategy has shifted from high-yield investments to a barbell strategy, suggesting a more balanced approach to risk and return [1] Group 2: Future Outlook - 2025 is identified as a transitional year for China Taiping, with management optimistic about growth prospects for the fiscal year 2026 as adjustments are expected to be completed [1] - The company is placing significant emphasis on dividend growth to enhance its core solvency [1]