Hong Kong stocks are on the move, with shares of domestic insurance companies rising across the board. Insurance companies have been releasing their quarterly reports one after another recently. Analysts believe that it is a good time to build positions after the pressure on performance has been cleared.

According to the Wise Finance APP, domestic insurance stocks are all on the rise. As of the time of publication, China Ping An (02318.HK) is up 5.91% to 63.6 Hong Kong dollars; China Life (0268) is up 5.14% to 27.4 Hong Kong dollars; China Taiping (02601.HK) is up 4.93% to 33.64 Hong Kong dollars; and New China Insurance (01336.HK) is up 4.89% to 50.6 Hong Kong dollars.