小摩：偏好中国人寿(02628)及中国平安(02318)增长前景胜地区同业

智通财经01-26

智通财经APP获悉，摩根大通发布研报称，香港寿险业在2025年第三季度再次创下新单销售纪录，首年保费达910亿元，同比大幅增长69%。然而，该行认为虽然销售量创新高，但整体产品结构及业务发展的健康度不及近期季度，并预期在监管趋紧的背景下，管理增长动能将成为2026年关键。小摩表示，2026年更偏好中国人寿(02628)及中国平安(02318)，认为其业务增长前景优于其他地区同业。小摩表示，香港...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2606529927?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-01-26 14:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2606529927","market":"fut","top_or_hot":-1,"title":"小摩：偏好中国人寿(02628)及中国平安(02318)增长前景胜地区同业","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，摩根大通发布研报称，香港寿险业在2025年第三季度再次创下新单销售纪录，首年保费达910亿元，同比大幅增长69%。然而，该行认为虽然销售量创新高，但整体产品结构及业务发展的健康度不及近期季度，并预期在监管趋紧的背景下，管理增长动能将成为2026年关键。小摩表示，2026年更偏好中国人寿(02628)及中国平安(02318)，认为其业务增长前景优于其他地区同业。小摩表示，香港...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1397218.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小摩：偏好中国人寿(02628)及中国平安(02318)增长前景胜地区同业</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小摩：偏好中国人寿(02628)及中国平安(02318)增长前景胜地区同业\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-26 14:12 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1397218.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，摩根大通发布研报称，香港寿险业在2025年第三季度再次创下新单销售纪录，首年保费达910亿元，同比大幅增长69%。然而，该行认为虽然销售量创新高，但整体产品结构及业务发展的健康度不及近期季度，并预期在监管趋紧的背景下，管理增长动能将成为2026年关键。小摩表示，2026年更偏好中国人寿(02628)及中国平安(02318)，认为其业务增长前景优于其他地区同业。小摩表示，香港...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1397218.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0819123356.HKD","symbol_name":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1397218.html","article_id":"2606529927","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606529927","pubTimestamp":1769407933,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"小摩表示，2026年更偏好中国人寿及中国平安，认为其业务增长前景优于其他地区同业。小摩表示，香港保险业监管局计划自2026年1月起下调前端销售佣金，促使经纪渠道销售贡献显著提升，第三季度占新单保费比例达35%，同比增加8个百分点。展望第四季度，小摩预期在销售佣金率调整前，代理及经纪渠道将共同推动新单业务保持强劲。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"82318":"中国平安-R","601318":"中国平安","601628":"中国人寿","LU0819123356.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","HK0000181112.HKD":"DA CHENG CHINA BALANCED \"A\" (HKD) INC","LU0210527791.USD":"JPM ASIA PACIFIC INCOME \"A\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK0012":"证金概念","LU0173614495.USD":"富达中国焦点A","LU":"陆金所","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","BK0187":"一线龙头","PNGAY":"中国平安ADR","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0359201612.USD":"贝莱德中国基金A2","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","BK4585":"ETF&股票定投概念","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","03145":"华夏亚洲高息股","LU0862451837.USD":"JPM EMERGING MARKETS DIVIDEND \"A\" (USD) INC (M)","SG9999012736.USD":"UNITED ASIAN INCOME (USDHDG) ACC","LU1934453819.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"A\" (USD) ACC","02628":"中国人寿","HPAD.SI":"Ping An Ins HK SDR2to1","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","02318":"中国平安","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC"},"translate_title":"JPMorgan: Prefers China Life Insurance (02628) and Ping An (02318) for better growth prospects than regional peers","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82318":0.6,"601318":1.5,"601628":1.5,"02628":1.5,"LU":1.5,"03145":0.6,"HPAD.SI":0.6,"02318":1.5,"PNGAY":0.6,"PAImain":1.5},"content_text":"智通财经APP获悉，摩根大通发布研报称，香港寿险业在2025年第三季度再次创下新单销售纪录，首年保费达910亿元，同比大幅增长69%。然而，该行认为虽然销售量创新高，但整体产品结构及业务发展的健康度不及近期季度，并预期在监管趋紧的背景下，管理增长动能将成为2026年关键。小摩表示，2026年更偏好中国人寿(02628)及中国平安(02318)，认为其业务增长前景优于其他地区同业。小摩表示，香港保险业监管局计划自2026年1月起下调前端销售佣金，促使经纪渠道销售贡献显著提升，第三季度占新单保费比例达35%，同比增加8个百分点。报告同时指出，美元保单需求保持稳健，第三季度同比增长48%，反映在内地保证利率下调后，香港寿险市场在产品多元性及回报竞争力方面的优势。展望第四季度，小摩预期在销售佣金率调整前，代理及经纪渠道将共同推动新单业务保持强劲。此外，内地保险公司自2025年9月起下调非分红险保证利率，可能进一步刺激内地访客对香港保险产品的需求。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2606529927","isCrawlerRequest":true}