研报掘金丨中信证券：将中国平安A股列为“十大金股”第一位，偿二代三期有望成为股价催化剂

格隆汇2025-12-10

中信证券发布研报，更新2025年金股组合，将中国平安(601318.SH)列为高切低轮动精选个股之一。该行指，中国平安在利率周期上判断比同业前瞻，长债持仓和高股息布局领先市场，银保扩展和保单价值率提升领先市场，保险合同服务边际正在筑底向好，质变正在发生，阿尔法回报略慢但较为确定；同时，公司及时大幅提升股票仓位，贝塔属性显著增强，牛市周期盛宴刚刚开始。该行期待进一步推动逆周期监管，偿二代三期工程有望...

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