（来源：黑龙江日报） 登上往返景区的客运大巴，志愿者化身"安全宣传员"，逐车张贴"全程系好安全带"提示贴，面对面为乘 客科普乘车规范，引导大家养成安全出行习惯。同时，他们还为坚守春运一线的驾驶员送上慰问品，道 一声辛苦、送一份安心，叮嘱他们牢记责任，杜绝疲劳驾驶、超速行驶，用平稳驾驶守护每一位游客的 团圆之旅。 从高速口的反光锥引导，到景区周边的安全宣讲，此次警保联动活动以"小举措"筑牢"大安全"，将风险 减量工作落到实处。平安产险哈尔滨中心支公司表示，将持续深化警保合作，聚焦景区、高速等重点出 行场景，以更接地气的宣传形式、更贴心的服务举措，守护群众春运平安，让每一位游客都能安心畅游 亚布力的冰雪美景。 转自：黑龙江日报 本报讯（记者李爱民）春运大幕拉开，亚布力的冰雪美景吸引着八方游客，而一条条通往景区的道路 上，"平安守护"的暖流已然涌动。近日，平安产险哈尔滨中心支公司、平安志愿者团队与当地运管部 门，在亚布力高速出入口、西站广场及景区周边路段，共同打响"平安守护者行动——万家灯火 守护团 圆路"春运交通安全保卫战。 凛冽寒风中，一个个醒目的反光锥成为道路上的"安全坐标"，志愿者与交警默契配合，用橙红色锥 ...

Core Viewpoint - The cautious approach of insurance funds in the gold market reflects a combination of risk awareness and a lack of professional capability, despite the theoretical potential for significant investment [1][5][7]. Group 1: Policy and Market Entry - The pilot program for insurance funds to invest in gold was officially launched on February 7, 2025, with ten insurance companies approved to participate [1][4]. - By March 2025, several major insurance companies, including China Life and PICC Property and Casualty, completed their first gold transactions, marking a significant step in the integration of gold into their investment strategies [2][3]. Group 2: Investment Strategy and Caution - Despite the opening of the investment channel, insurance companies have been cautious, with many reporting low gold investment ratios, indicating a trial phase rather than aggressive investment [3][5]. - The theoretical investment cap for the ten pilot companies is nearly 200 billion, but actual allocations remain low, reflecting a careful approach amid market volatility [5][8]. Group 3: Challenges and Professional Barriers - The complexity of gold as an asset, including its price volatility and the need for sophisticated analysis, poses significant challenges for insurance companies lacking experience in precious metals investment [5][6]. - Regulatory requirements mandate that insurance companies maintain strict internal controls and risk management practices, adding to the operational challenges [6]. Group 4: Long-term Perspectives - From a long-term perspective, gold is being recognized for its strategic value in diversifying risk and enhancing portfolio resilience, especially in uncertain global market conditions [7][8]. - The shift towards including gold in investment portfolios is seen as a response to the limitations of traditional fixed-income assets, which have been under pressure due to low interest rates [7][8].

中资金融股方面，中国银行涨0.43%，收报4.72港元；建设银行涨0.5%，收报8.12港元；工商银行 涨0.77%，收报6.57港元；中国平安涨0.62%，收报73.45港元；中国人寿涨1.37%，收报35.52港元。 石油石化股方面，中国石油化工股份涨1.69%，收报5.42港元；中国石油股份涨1.64%，收报9.31港 元；中国海洋石油涨2.67%，收报24.64港元。 蓝筹股方面，腾讯控股跌1.61%，收报551港元；香港交易所跌0.33%，收报417.2港元；中国移动跌 0.13%，收报78.4港元；汇丰控股涨0.72%，收报140.3港元。 香港本地股方面，长实集团涨0.21%，收报46.72港元；新鸿基地产跌1.9%，收报129港元；恒基地 产涨0.06%，收报32.8港元。 新华社香港2月10日电 香港恒生指数10日涨155.99点，涨幅0.58%，收报27183.15点。全日主板成交 2340.4亿港元。 国企指数涨74.42点，收报9242.75点，涨幅0.81%。恒生科技指数涨33.43点，收报5451.03点，涨幅 0.62%。 ...

随后，试点险企逐步启动布局。2025年3月，中国人寿、平安人寿、太保人寿、人保财险率先成为上海 黄金交易所会员，拿下投资黄金的"入场券"，并陆续完成首笔黄金交易。但是相比于10家机构获批试点 业务，当前仅有6家试点险企跻身上海黄金交易所会员，这意味着仍有4家试点险企尚未入会。 有业内人士表示，黄金是具有风险复杂度和专业门槛的投资品种，其定价受国际政治经济因素影响较 多，黄金无法直接产生可预期的利息收入，只能通过价格上涨获利，需要耐心观察并把握交易时机。另 一方面，逐步建设完善黄金投资相关的投研和交易能力还需要一个过程。 封面图片来源：每经媒资库 每经记者|袁园 每经编辑|张益铭 2026年初，国际黄金价格在快速冲高后大幅回落，现货金价自5500美元/盎司高位"急刹车"，极端波动 引发市场对避险资产稳定性的重新审视。在此背景下，保险资金投资黄金试点的推进节奏与策略选择受 到关注。 2月10日，中国人寿董秘在互动平台上就投资人关注的黄金业务试点情况进行了回复。中国人寿表示， 黄金投资是公司积极参与的创新品种投资之一，公司坚持长期主义的投资理念，以中长期配置为目的， 稳健审慎开展相关投资工作。 2025年2月7日， ...

Market Overview - The U.S. stock market saw all three major indices rise, with the Nasdaq increasing by nearly 1%, the Dow Jones slightly up, and the S&P 500 rising by 0.5%[2] - The Hang Seng Index closed at 27,027, up 1.76%, while the Hang Seng Tech Index rose by 1.34% to 5,418[3] Key Stock Performances - AI application stocks showed strong performance, with Zhizhu rising by 36.22% and MINIMAX-WP increasing by 11.71%[9] - Chip and semiconductor stocks also performed well, with Lanke Technology up 63.72% on its first trading day[9] - Major financial stocks rose, with Ping An Insurance increasing by over 4%[9] Economic Indicators - Alphabet plans to issue $20 billion in bonds, exceeding the initial estimate of $15 billion, to support its financial strategies[14] - The global semiconductor market is expected to face significant supply shortages from 2026 to 2027, according to Goldman Sachs[9] International Market Trends - The Nikkei 225 index rose by 3.89%, driven by expectations of stable governance under Prime Minister Fumio Kishida[12] - Japanese defense stocks surged following Kishida's electoral victory, with Kawasaki Heavy Industries rising by 17%[12] Commodity Insights - Gold and precious metal stocks saw significant gains, with Wan Guo Gold rising over 8%[9] - Morgan Stanley predicts that major metals like gold and silver may enter a consolidation phase but are not at the end of a bull market[9]

Core Viewpoint - Ping An Property & Casualty Insurance is launching the "2026 'Safe Journey for Thousands of Families' Spring Festival Risk Reduction Initiative" to proactively address safety risks during the Spring Festival travel period, marking a significant upgrade to its 15-year tradition of Spring Festival safety activities [1]. Group 1 - The initiative focuses on risk reduction by utilizing historical claims data and emphasizes collaboration between police and insurance services, leveraging technology to implement localized risk management strategies [1]. - The action targets provinces with historically high average daily claims during the Spring Festival, including Sichuan, Anhui, Henan, and Hunan, while also being implemented in Shandong, Hubei, Gansu, and Guangxi [1]. - The risk reduction model includes data analysis, police-enterprise collaboration, and tailored strategies for different regions, addressing challenges posed by increased traffic and potential hazards during the Spring Festival [1]. Group 2 - For the past 15 years, Ping An Property & Casualty Insurance has provided various supportive services at key locations such as highway entrances and scenic areas, including accident quick processing, claims consultation, travel assistance, safety checks, tire changes, and supply provisions [2].

Core Viewpoint - The company, Ping An Property & Casualty Insurance, is launching the "2026 'Safe Journey Home' Spring Festival Risk Reduction Initiative" to enhance road safety during the Spring Festival travel period, focusing on proactive risk management and prevention measures [2][3]. Group 1: Initiative Overview - The initiative is a comprehensive upgrade of Ping An's 15-year tradition of providing safety services during the Spring Festival, extending its focus from post-event support to preemptive risk management [2][3]. - The action targets regions with historically high daily claim volumes, specifically seven provinces including Sichuan, Anhui, Henan, Hunan, Jiangxi, Guizhou, and Chongqing, while also being implemented in other provinces like Shandong and Hubei [3]. Group 2: Risk Reduction Strategies - The company employs a "data analysis + police-enterprise collaboration + localized strategies" model to address the challenges posed by increased traffic and potential hazards during the Spring Festival [3]. - Specific measures include deploying service stations, implementing smart traffic alerts, and enhancing rural road safety through infrastructure improvements [3][4]. Group 3: Localized Actions - In Sichuan, the company collaborates with traffic police to set up service points in high-risk areas, distributing free anti-skid chains and educating drivers on safe driving in icy conditions [4]. - In Guizhou, 224 micro-weather stations have been installed to monitor road freezing risks, allowing for real-time alerts and coordinated responses with traffic management [5]. - In Hunan, the introduction of drone surveillance for highways aims to improve the detection and management of incidents, significantly reducing response times [5]. Group 4: Community Engagement - The initiative includes community outreach, such as providing free vehicle safety checks and distributing reflective materials to enhance nighttime visibility for drivers [6][7]. - The company has also initiated a "tail-light" campaign for large trucks to improve nighttime safety and reduce rear-end collisions [6][7]. Group 5: Long-term Commitment - Ping An plans to continue its efforts in road safety and risk reduction, emphasizing the transition from reactive compensation to proactive, comprehensive support throughout the entire lifecycle of road safety [7]. - The company has already made significant contributions, including the donation of over 10,000 traffic safety facilities and training for more than 200,000 villagers in traffic safety and financial consumer protection [7].

行 业 及 产 业 非银金融 2026 年 02 月 10 日 预计 NBV 增速亮眼，市场波动阶 行 业 研 究 / 行 业 点 评 证 券 研 究 报 告 《高弹性标签助力板块"破圈"，看好资负 两端改善趋势——2026 年保险行业策略 报告》 2025/11/18 《资、负两端均表现亮眼，3Q25A 股险企 利润大增 68%——保险行业 2025 年三季 报业绩综述》 2025/11/05 证券分析师 罗钻辉 A0230523090004 luozh@swsresearch.com 孙冀齐 A0230523110001 sunjq@swsresearch.com 联系人 孙冀齐 A0230523110001 看好 ——保险行业 2025 年年报前瞻 风险提示：长端利率下行、权益市场波动、大灾频发、监管政策影响超预期。 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 预计 A 股险企 2025 年归母净利润 yoy+22.7%至 4264 亿元。4Q25 资本市场 阶段性波动叠加 2H2 ...

Core Viewpoint - The Cangyuan Financial Regulatory Bureau approved the request from China Ping An Property & Casualty Insurance Company to change the business location of its Cangyuan branch to a new address in Mengdong Town, Cangyuan Wa Autonomous County, Yunnan Province [1] Group 1 - The new business location is specified as Room 101, 1-2 floors, Building 9, Auto Trading Market, Mengdong Town, Cangyuan Wa Autonomous County, Yunnan Province [1] - The company is required to handle the change and obtain the necessary permits in accordance with relevant regulations [1]

Market Overview - The Hang Seng Index rose by 0.58% to close at 27,183.15 points, while the Hang Seng Tech Index increased by 0.62% to 5,451.03 points, and the National Enterprises Index climbed by 0.81% to 9,242.75 points [1] - The index opened at 27,202.96 points, initially rising before retreating, and ultimately gained 155.99 points with a total turnover exceeding 234 billion HKD [1] - There were 1,344 advancing stocks, 923 declining stocks, and 896 stocks closing flat by midday [1] - The net inflow for the southbound trading (Hong Kong Stock Connect) was 84.7 million HKD [1] Sector Performance - Most sectors experienced gains, including chips, optical communications, biomedicine, new energy vehicles, oil and gas, banking, aviation, and port transportation [1] - Mixed performance was noted in new consumption, non-ferrous metals, and brokerage sectors, while gold, technology, real estate, and electricity sectors mostly declined [1] Individual Stock Movements - Notable stock movements included Pop Mart rising by 4.90%, Longi Green Energy increasing by 8.88%, Xiaomi Group up by 1.08%, and SMIC gaining 1.71% [1] - China Ping An rose by 0.62%, AIA fell by 0.52%, Zijin Mining increased by 2.52%, and Tianzuo Zhixin surged by 12.40% [1] - COSCO Shipping Energy rose by 5.49%, Zhihui gained 14.81%, and Rongchang Biotech increased by 3.64% [1] - HSBC Holdings rose by 0.72%, Industrial and Commercial Bank of China increased by 0.77%, and China Petroleum gained 1.64% [1] Top Traded Stocks - Tencent Holdings saw a decline of 1.61% with a turnover exceeding 16.1 billion HKD; Alibaba rose by 1.65% with a turnover over 9.3 billion HKD; Meituan fell by 2.47% with a turnover of 6.6 billion HKD [2]