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Every AI Express, Huayuan Securities released a research report on April 19, giving China Life Insurance (601628.SH) a "buy" rating. The rating reasons mainly include: 1) The fluctuation of net profit in Q4 2025 may come from market volatility, with the weak growth in EV due to the decline in fair value of bonds; 2) Liability business: each channel is positioned correctly, and the 26-year growth point may lie in the value rate increase brought by the extension of the payment period; 3) Investment business: The investment yield increased by 59bp to 6.09% year-on-year, with a significant increase in equity position. (Daily Economic News)
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