January 12, 2026 09:00 PM GMT Hong Kong/China Insurance | Asia Pacific 2026 Outlook - Returning to an Effective Valuation Framework We reiterate our Attractive industry view. We believe insurers could continue their re-rating, aided by strong sales growth, improved quality, and a favorable investment environment. Interest rate spread loss risk concerns could ease further. We prefer China life names, especially Ping An. From asset-focused to dual tailwinds on both asset and liability sides, with increased va ...