Group 1 - JD.com (SWR 89618) has the highest short-selling ratio at 85.52%, followed by AIA Group (R 81299) at 77.11% and Lenovo Group (R 80992) at 67.79% [1][2] - Tencent Holdings (00700) leads in short-selling amount with 2.709 billion yuan, followed by Pop Mart (09992) at 974 million yuan and Xiaomi Group (W 01810) at 793 million yuan [1][2] - Huatai Securities (06886) has the highest deviation value at 40.23%, followed by Tong Ren Tang Technologies (01666) at 35.46% and China Ship Leasing (03877) at 26.75% [1][2] Group 2 - The top ten short-selling ratios include JD.com at 85.52%, AIA Group at 77.11%, and Lenovo Group at 67.79% [2] - The top ten short-selling amounts show Tencent Holdings at 2.709 billion yuan, Pop Mart at 974 million yuan, and Xiaomi Group at 793 million yuan [2] - The top ten deviation values are led by Huatai Securities at 40.23%, followed by Tong Ren Tang Technologies at 35.46% and China Ship Leasing at 26.75% [2]

Market Overview - The Hang Seng Index (HSI) closed at 26,513.11, down by 334.21 points or 1.24% [1] - The index reached a high of 26,812.73 and a low of 26,414.23 during the trading session [1] - The trading volume was 70.4034 million shares, with an average price of 26,613.48 [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 139.704, up by 0.51% compared to the previous close [2][3] - Tencent Holdings closed at HKD 552.190, down by 1.04% compared to the previous close [2][3] - Alibaba Group (W) closed at HKD 159.500, down by 0.93% [3] - AIA Group closed at HKD 90.700, up by 1.40% [3] - Xiaomi Group (W) closed at HKD 33.960, down by 1.85% [3] - Meituan (W) closed at HKD 92.150, down by 1.13% [3] - China Ping An closed at HKD 72.050, up by 1.05% [3] ADR Performance - Tencent's ADR (TCEHY) was priced at USD 552.190, reflecting a decrease of 1.04% compared to its Hong Kong counterpart [3] - Alibaba's ADR (BABA) was priced at USD 155.411, down by 2.56% compared to its Hong Kong counterpart [3] - HSBC's ADR (HSBC) was priced at USD 139.704, up by 0.51% compared to its Hong Kong counterpart [3]

- The "Hong Kong CCASS Preferred 20 Portfolio" model was constructed using a two-step screening method: first selecting brokers and then selecting stocks[35][39] - The model identifies top-performing brokers by standardizing excess Sharpe ratios and monthly win rates, then combines them into a composite score[39] - The portfolio is built by equally distributing funds among the top 10 brokers and selecting the top 20 stocks based on weight, which are then equally weighted[39] - The benchmark index for the portfolio is the Hang Seng Index (HSI.HI)[40] Model Performance - January 2026 portfolio return: 6.32%, Hang Seng Index return: 6.85%, excess return: -0.53%[41] - Full period (2020.1–2026.1) excess annualized return: 19.3%, excess Sharpe ratio: 2.45[41] - Annualized excess returns by year: 2020: 30.9%, 2021: 12.0%, 2022: 11.9%, 2023: 22.5%, 2024: 23.2%, 2025: 18.6%, 2026 YTD: -6.2%[42] - Maximum drawdown during the full period: -7.6%[42] - Monthly win rate during the full period: 75.3%[42]

Group 1 - AIA Group Limited (01299) announced the appointment of Shulamite N K Khoo and Gu Min as independent non-executive directors, effective from February 5, 2026 [1]

Group 1 - AIA Group (01299.HK) announced the appointment of Shulamite N K Khoo and Gu Min as independent non-executive directors, effective from February 5, 2026 [1]

Group 1 - AIA Group Limited (01299) announced the appointment of Shulamite N K Khoo and Gu Min as independent non-executive directors, effective from February 5, 2026 [1]

友邦 保 險控 股 有限 公司 董 事會 成 員載 列如 下 ： 獨 立 非 執 行 主席 及 獨 立 非 執 行 董事 杜嘉 祺 爵士 執行董事 李源 祥 先生 （ 集團 首席 執 行官 兼 總裁 ） 獨 立 非 執 行 董事 AIA Group Limited 友 邦 保 險 控 股 有 限 公 司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及 81299（人民幣櫃台） 董事名單與其角色和職能 1 提名委員會 杜嘉 祺 爵士 （ 主席 ） 蘇澤 光 先生 周松 崗 爵士 John Barrie HARRISON先生 楊榮 文 先生 劉遵 義 教授 Narongchai AKRASANEE博士 Cesar Velasquez PURISIMA先生 Mari Elka PANGESTU女 士 王宗 智 先生 Nor Shamsiah MOHD YUNUS女 士 薪酬委員會 楊榮 文 先生 （ 主席 ） 蘇澤 光 先生 杜嘉 祺 爵士 風險委員會 周松 崗 爵士 （ 主席 ） 劉遵 義 教授 Cesar Velasquez PURISIMA先生 Nor Shamsiah MOHD YUNUS女 ...

本公告僅供參考，並不構成任何人士收購、購買或認購證券的邀請或要約。本公告並非亦無意作 為在美國發售本公司證券供出售的要約。本公司證券並無亦不會根據 1933 年美國證券法（經修 訂）（「美國證券法」）登記，且不得未根據美國證券法登記或適用豁免登記規定而在美國發售或 出售。本公司證券並無亦無計劃在美國公開發售。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 AIA Group Limited 友 邦 保 險 控 股 有 限 公 司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及 81299（人民幣櫃台） 在加入平安集團之前，顧先生曾於1997年至1999年期間於麥肯錫公司（McKinsey & Company）任職業務分析師。 委任獨立非執行董事 友邦保險控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事會 （「董事會」）欣然宣佈Shulamite N K Khoo女士（「Khoo女士」）及顧敏先生 （「顧先生」）已獲委任 ...

Core Viewpoint - The establishment of AIA Asset Management and Aegon Asset Management in Shanghai marks a significant step in the high-level opening of China's financial market, showcasing the commitment of international capital to China's financial reform and development [1][4]. Group 1: Company Establishment - AIA Asset Management and Aegon Asset Management held their opening ceremony on January 28, marking the debut of the first wholly foreign-owned insurance asset management companies in Shanghai [1]. - The approval for the establishment of these companies was granted by the Financial Regulatory Bureau in December 2025, following a rapid six-month preparation period [2][3]. - AIA Asset Management is fully owned by AIA Life Insurance with a registered capital of 100 million yuan, while Aegon Asset Management, backed by the 180-year-old Aegon Group, has a registered capital of 250 million yuan [3]. Group 2: Strategic Importance - The simultaneous launch of these institutions is seen as a landmark event for Shanghai's financial sector and reflects the dual engagement of China's financial industry with international capital [4]. - Both companies aim to leverage their global expertise to provide diversified and international asset management services to Chinese institutional investors [3][5]. Group 3: Market Insights - The past five years have seen an average annual growth rate of about 8% in the assets under management in China's trust, wealth management, and insurance asset management sectors, making it the second-largest asset and wealth management market globally [6]. - International insurance giants view China as a market with significant growth potential, leading to increased investment and participation from foreign institutions [6]. - The entry of foreign firms is expected to enhance the diversity of products and services available in the Chinese insurance market, benefiting consumers and pushing local firms to improve their professional capabilities [6].

Core Insights - The insurance industry is experiencing a transformation driven by the influx of high-end talent from various sectors, responding to changing customer demands for comprehensive solutions rather than simple insurance policies [1][2][4] - Companies are implementing specialized training programs and recruitment initiatives to attract and retain professional talent, enhancing their service offerings and operational capabilities [2][3] Group 1: Talent Transformation - Chen Jitao, a former private banking executive, transitioned to a role at Ping An Life, seeking a platform that allows for greater personal agency and long-term commitment [1] - High-end professionals from diverse backgrounds, including finance, law, and healthcare, are increasingly entering the insurance sector, bringing valuable resources and expertise [1][2] - Ping An Life's "High Talent Manager Training Program" and similar initiatives from other leading insurers aim to provide structured training and resources to enhance the capabilities of new recruits [2] Group 2: Industry Dynamics - The competition among insurance companies has intensified, leading to a focus on professional development and the establishment of new management systems to support agents [3][4] - The entry of skilled professionals is reshaping the client relationship dynamics, with agents now expected to provide comprehensive financial planning and solutions [4] - Despite the positive momentum, challenges remain, including the integration of new talent with the existing large pool of agents and the pressure to balance long-term strategies with short-term performance metrics [5][6] Group 3: Market Challenges - The insurance industry faces a significant challenge in bridging the gap between newly recruited professional agents and the existing large number of traditional agents [5] - There is a tension between the need for long-term value creation and the pressure for immediate business performance, which complicates strategic decision-making [6] - Changing societal perceptions of insurance sales remains a hurdle, as many still hold outdated views of the profession [6]