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Hong Kong-listed insurers advanced: Ping An (02318.HK) rose more than 3%; PICC P&C (02328.HK), PICC Group (01339.HK), China Life (02628.HK) and China Pacific Insurance (02601.HK) each gained over 2%.

2026-08-21

Hong Kong-listed insurers advanced: Ping An (02318.HK) rose more than 3%; PICC P&C (02328.HK), PICC Group (01339.HK), China Life (02628.HK) and China Pacific Insurance (02601.HK) each gained over 2%.

Other News
2026-08-20

Domestic News 1. Ministry of Commerce: Opposes EU's abuse of unilateral tools to suppress Chinese companies. 2. Xu Jiayin sentenced to life imprisonment; first-instance verdicts announced in cases involving Evergrande Group, Evergrande Real Estate,

Domestic News 1. Ministry of Commerce: Opposes EU's abuse of unilateral tools to suppress Chinese companies. 2. Xu Jiayin sentenced to life imprisonment; first-instance verdicts announced in cases involving Evergrande Group, Evergrande Real Estate, etc. 3. Shanghai issues "Eight Measures" for the housing market, adjusting the minimum down payment ratio for commercial personal housing loans. 4. Ministry of Commerce responds to US tariffs on drones: Urges the US to immediately withdraw Section 232 tariffs. 5. Ministry of Foreign Affairs responds to US announcement of "devastating economic action" against Iran: Sanctions and pressure will not help solve the problem. 6. Zheng Shanjie, Director of the National Development and Reform Commission, chairs a symposium for private enterprises to solicit opinions and suggestions on stabilizing economic operation and promoting effective investment. International News 1. Indian government allows duty-free import of 1 million tons of sugar. 2. Samsung Electronics to launch shareholder returns exceeding 100 trillion won. 3. German 5-year bond yield hits 3% for the first time since 2008. 4. US 30-year Treasury yields erased gains from yesterday's Treasury buyback announcement. 5. Fed Chair Daly: No evidence yet of an impending rate hike; rising long-term yields are a global issue. 6. Middle East Situation— ① Trump announces "toughest economic action in history" against Iran. ② Iranian Revolutionary Guard: Houthi fighting power surges; new war will use "more ruthless" weapons. ③ US officials: White House believes talks between Iran and Oman broke down weeks ago. ④ Houthi rebels: Successfully attacked Saudi Najran airport and Saudi Aramco facilities there.
2026-08-21

India's preliminary composite PMI for August was 54.6, below the expected 54.4 and the previous reading of 54.3.

India's preliminary composite PMI for August was 54.6, below the expected 54.4 and the previous reading of 54.3.
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