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With the recovery in premium growth, we foresee a turnaround in China’s life insurance industry across this year. Here’s the two stocks we are optimistic on.

We think that much of the negativity surrounding the China insurance sector is priced in, with the recent rebound in premium growth providing a key catalyst for the industry.
As life insurers adjust their business structures towards long-term protection-type products, the industry is expected to undergo a sustainable and healthy recovery.
The easing of the previous toughened regulatory stance will also drive the recovery of market sentiment surrounding the insurance industry.
We value Ping An Insurance (HKEX: 2318) and China Life Insurance (HKEX: 2628) at HKD 100 and HKD 29 respectively.