On July 24, NCI fell 3.37% in regular trading, trading at 47.68 HKD/share with turnover of HKD 244 million.

The decline was triggered by the company's announcement on July 23 that it completed the issuance of 10 billion yuan perpetual capital bonds in China's interbank bond market, carrying a coupon rate of 1.9% for the first five years. Proceeds will be used to supplement core Tier 2 capital and enhance solvency. The large-scale bond issuance highlights industry-wide solvency pressure: as of Q1 end, the average core solvency adequacy ratio of 72 life insurers fell 12.98 percentage points quarter-over-quarter to 137.65%, underscoring significant capital replenishment needs across the sector.

The broader insurance sector also weakened on the same day, with AIA down 1.21%, China Life down 1.75%, Ping An down 0.79%, and China Taiping down 1.61%, amplifying selling pressure on individual stocks.

(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.)