Citi: Maintain China Ping An Hong Kong stock target price at HKD 100. Rating: "Buy"

JPMorgan Chase released a research report stating that the confidence of China Ping An's management in the life insurance sales outlook and core profit growth in 2026 will be a key catalyst, complemented by its attractive valuation. In addition, risk management measures should be a key focus to maintain solvency capital and profitability resilience, ensuring the company remains stable during cyclical fluctuations. The bank believes that China Ping An does not need additional financing at this stage to support business growth and increase dividends. The bank stated that it will maintain its forecast for the group's post-tax operating profit at 130 billion yuan from last year, with a dividend payout of 2.73 yuan; the bank maintains its target price of 100 Hong Kong dollars for China Ping An's shares and rates it as "hold."