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中國平安3連升,創逾半年新高
多重利好催化下,中國平安近日持續走強,今日盤中,A股漲超3%報56.97元,3連升,股價創2024年12月10日以來新高;H股漲3.7%報49.3港元,亦走出3連升。中國平安總市值重上萬億元。有分析人士指出,隨着銀行股的不斷創出新高,重倉銀行股的保險股亦有機會吸引更多資金關注。消息面上,金融監管總局近日向業內下發《關於分紅險分紅水平監管意見的函》,明確要求保險公司不得爲爭奪市場份額而進行“內卷式”的分紅水平競爭,強調分紅水平必須與賬戶資產負債、投資收益相匹配,要求充分論證其必要性、合理性和可持續性。從此次監管的規定,不難看到,其正引導險企降低負債成本,實現行業良性競爭和健康發展。基於這一指引,這也進一步規範了行業內一些經營不佳的公司,利於行業格局優化,對頭部險企構成直接利好。此外,近期保險行業預定利率下調再次受到市場關注。從行業視角來看,預定利率的階梯式下調是行業降低負債成本、實現可持續發展的重要一步。還值得注意的是,中信證券近日發佈研報指出,隨着低利率環境確立,居民財富通過銀保渠道,從儲蓄存款向分紅險遷移,進而形成耐心資本、支持資本市場的鏈條正在形成。受益於供給側出清與嚴監管環境持續,當前週期下上市保險公司正處於右側配置窗口。中信證券認爲,從港A股角度來看,重點關注中國平安、中國太保等。

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