Ge Long Hui·2026-01-29 06:01Core Viewpoint - China Ping An has been included in the "Top 10 Core Assets to Bet on China" list for 2026, leading to a significant rise in both its A-shares and H-shares, with A-shares increasing by 4.32% and H-shares by 3.81%, reaching new highs since May 2021 [1] Group 1: Stock Performance - China Ping An's A-shares rose by 4.32%, peaking at 67.55 yuan, while H-shares increased by 3.81%, reaching a maximum of 73.65 HKD [1] - The company's market capitalization has surpassed 1.33 trillion HKD [1] Group 2: Analyst Ratings and Projections - CMB International has maintained a "Buy" rating for China Ping An, raising its target price for H-shares from 75 HKD to 90 HKD [1] - The firm projects that China Ping An's group after-tax operating profit will grow by 12% year-on-year to 136 billion yuan by 2025, indicating a 46% year-on-year increase in operating profit for the fourth quarter [1] Group 3: Business Growth Drivers - The accelerated growth is attributed to strong performance in life and health insurance, a decrease in asset management impairment losses, and stable underwriting profits in property insurance [1] - China Ping An is expanding its bancassurance channels, now covering approximately 19,000 non-Ping An bank outlets, which presents further penetration potential amid a trend of household savers seeking stable returns [1] - The new business value (NBV) for China Ping An is expected to grow by 41.7% year-on-year by 2025 [1]