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PICC and CPIC voice strong confidence in China's capital market outlook
On July 20, People's Insurance Company of China and China Pacific Insurance Group separately expressed firm confidence in the development prospects of China's capital market. PICC stated that China's macroeconomy is highly resilient and dynamic, with dividends from industrial upgrading and technological innovation continuing to materialize, providing solid fundamental support for the capital market. The company will actively seize the dual opportunities of valuation recovery and industrial growth. CPIC issued an announcement saying it firmly believes in the long-term improvement of China's economy. Since the beginning of this year, it has continuously increased its equity allocation ratio and will continue to invest in stocks and ETFs in sectors such as technology growth, consumption, and new energy, playing the role of patient capital. CPIC also stated that it will optimize the frequency of dividends, actively prepare for the mid-2026 interim profit distribution, and enhance the stability and predictability of dividends.
601319.CG · Capital · Positive PICC expresses strong confidence in China's capital market outlook, which is positive for its own stock as an insurer with significant equity holdings.
CPIC.LSE · Capital · Positive CPIC announces increased equity allocation and plans to optimize dividends, signaling confidence and potential for higher returns.