Hong Kong stocks insurance sector strong performance, China Ping An and China Taiping's stock prices rose by 6%.

The insurance sector of Hong Kong stocks saw an expanded increase in the afternoon, with China Ping An and China Taibao up by 6% and China Life up by 4% as of the time of writing. Morgan Stanley released a research report today, including China Ping An in its key focus list for mainland China and Hong Kong, maintaining a "top pick" rating and significantly raising the target price. The A-share target price was raised from 70 yuan to 85 yuan, and the H-share target price was raised from 70 Hong Kong dollars to 89 Hong Kong dollars. Morgan Stanley believes that China Ping An can seize key growth opportunities in residents' finance, medical health, and retirement areas. At the same time, the main market concerns are gradually being resolved, paving the way for an increase in the company's valuation.