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<Research>M Stanley: CN Adjusts Risk Factors for Insurance-related Biz, Further Benefiting Insurers/ Stock Mkt
Recommend 47 Positive 78 Negative 45 |
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China's National Administration of Financial Regulation (NAFR) issued the Notice on Adjusting Risk Factors for Relevant Businesses of Insurers, offering a 10% discount for eligible composite stocks such as those in the CSI300 and the Shanghai Stock Exchange (SSE)'s STAR Market, Morgan Stanley released a research report saying. Morgan Stanley believed that the measures may benefit insurers by easing capital requirements and encouraging them to participate in the stock market as long-term investors. This could also be positive for equity markets, as insurers are major investors. Morgan Stanley expected continued inflows of insurance funds into the stock market next year. Therefore, the broker reiterated its top pick view on PING AN (02318.HK), believing the Company could further benefit from the new regulatory rule. AAStocks Financial News Website: www.aastocks.com |
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