HK Stock Market Move | Individual financial stocks rise People's Insurance (01339) up more than 6% CMSC (06099) up more than 4%

Individual financial stocks rose, as of the time of writing, The People's Insurance (01339) rose 6.46% to HKD 5.6, and CMSC (06099) rose 4.61% to HKD 14.52. On the news front, recently, domestic storage chip giant Changxin Technology updated its prospectus, with a "blowout" performance in the first quarter of 2026: revenue of 50.8 billion yuan and net profit of 33.012 billion yuan. This is equivalent to earning nearly 400 million yuan per day. It is worth noting that besides Hefei Urban Construction Development attracting investor attention due to investing in Changxin Technology, many listed companies have also invested in Changxin Technology through direct or indirect shareholding. Public information shows that financial institutions, including the Zhongan Merchants Fund and Zhaoyin Investment under CMSC, and Renbao Capital under The People's Insurance, all invested in Changxin Technology before its IPO. Industrial recent research reports point out that the core advantages of People's Property Insurance in terms of brand, scale, service network, risk pricing, and risk reduction services are expected to be realized. Improvements in underwriting profit margin in the future may drive ROE upward, opening up space for valuation repair. In the long term in the personal insurance sector, they will continue to promote the transformation of the agent channel, while deepening the layout of the bank insurance channel. In the future, with the synergy development of multiple channels and the increase in demand for long-term savings business, the potential for value growth is expected to gradually be ignited.