PING AN's Xie Yonglin: Moderately Increase Equity Asset Allocation, Focus on New Quality Productive Forces and High-Dividend Value Stocks

Deep News
08/27

Regarding the group's first-half operating performance, PING AN's General Manager and Co-CEO Xie Yonglin expressed satisfaction with the management's assessment of the first half results. He highlighted three key aspects: first, the group's overall performance has been very stable; second, the group's core business or main operations have shown strong growth; and third, the group continues to drive innovation.

Concerning the group's investment returns, Xie Yonglin noted that the group achieved a non-annualized comprehensive yield of 3.1% in the first half, with the ten-year average return exceeding long-term investment returns. "From last year to this year, our government and regulators have launched a series of capital market policies. As an important participant in the capital market, PING AN is deeply encouraged, highly confident, and full of gratitude," he stated.

Regarding future investment direction, Xie Yonglin indicated that PING AN, as patient capital and long-term capital, will moderately increase equity allocation, focusing on two main areas: growth sectors representing new quality productive forces, and high-dividend value stocks.

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