Group 1 - The chief economist of Swiss Re Group, Dr. Jerome Jean Haegeli, indicated that the RMB may gradually strengthen as financial markets open and the weight of RMB assets in major global indices continues to rise [1] - In 2020, while global insurance premiums declined by 1.3%, the Chinese insurance market experienced a premium growth of 3.6% [1] - For 2021, due to stricter regulations, the growth of China's insurance premium income is expected to be 6.3%, which is lower than the trend growth rate; however, total premium income in China is projected to exceed $1 trillion by 2024, with a continuous increase in global market share [1]

Market Performance - The overall performance of the Asia-Pacific market is strong, with the Hong Kong Hang Seng Index opening up by 0.33% and the Hang Seng Tech Index rising by 0.48%. By midday, the Hang Seng Index increased to a gain of 1.69%, while the Hang Seng Tech Index saw a rise of over 3% [1]. Automotive Sector - The automotive stocks in Hong Kong are mostly performing well. By midday, Xiaopeng Motors (09868.HK) surged by 7.96%, Li Auto (02015.HK) increased by 4.46%, Leap Motor (09863.HK) rose by 6.02%, and Geely Automobile (00175.HK) gained 1.96%. Notably, Xiaopeng Motors reported a total of 35,045 new vehicle deliveries in April, marking a year-on-year growth of 273% [2]. Currency Exchange - The offshore RMB against the US dollar reached a peak of 7.2525, the highest level since April 4. As of 12:04, it was reported at 7.2608 [3][4]. Japanese Market - The Japanese stock market opened higher, with the Nikkei 225 index showing an intraday increase of over 1.5%. By 12:07, the index had a gain of 0.89% [6][7]. South Korean Market - The South Korean stock market initially tested lower but then rebounded, with the KOSPI index turning positive [8].