Ge Long Hui·2026-01-13 02:04Core Insights - China Ping An's A-shares rose by 3.4% to a peak of 69.84 yuan, while H-shares increased by 3.6% to a high of 71 HKD, following its inclusion in the "Top Ten Core Assets in Betting on China" list for 2026 by Gelonghui [1] Group 1: Market Performance - The insurance sector, represented by Ping An, has strengthened due to a combination of policy drivers, macroeconomic changes, fundamentals, and market liquidity [1] - The appreciation of the RMB has attracted foreign capital to reallocate towards core Chinese assets, with Ping An being a preferred choice due to its good liquidity and relatively low valuation [1] Group 2: Investment Appeal - In the context of a market shift towards value styles expected in 2026, Ping An's low valuation and high dividend yield provide a clear defensive value proposition [1] - The company's strategy of "comprehensive finance + ecosystem" aligns well with the aging economy and domestic demand themes, establishing a solid second growth curve [1] Group 3: Future Outlook - Continued investments in cutting-edge technologies like AI are enhancing customer experience, improving efficiency, and strengthening the company's competitive advantage [1] - Given the anticipated improvement in asset-side returns and external market catalysts, there is a clear potential for valuation recovery, maintaining an "outperform" rating [1]