On August 17, AIA rose 3.12% in regular trading, trading at HK$72.55/share, with turnover of HK$646 million.

The rebound follows easing market fears over China's taxation of offshore insurance policy returns. Earlier in August, AIA plunged over 8% after reports emerged that tax authorities in Beijing and Hangzhou had begun levying 20% individual income tax on returns from Hong Kong insurance policies. Subsequently, China's State Taxation Administration clarified that taxing offshore insurance income is not a new policy, while Hong Kong's Insurance Authority emphasized that no formal policy document has been issued and urged markets not to overinterpret the situation.

Additionally, AIA's board committee is scheduled to meet on August 20 to review and approve interim results for the six months ended June 30. JPMorgan expects first-half new business value to grow 15% year-over-year to US$3.26 billion, with post-tax operating profit rising 10% to US$3.97 billion and interim dividend increasing 10% to HK$0.54 per share.

The broader insurance sector strengthened on the day, with China Life up 3.58% and Prudential up 1.87%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)