[ET Net News Agency, 18 January 2024] Morgan Stanley downgraded industry view of Hong
Kong/China Insurance to "in-line" from "attractive", as it is more concerned about asset
risk and investment pressure in 2024, although savings' demand is still high and insurers
may have some trading opportunities, due to their high beta under IFRS9.
It prefers PICC P&C (02328) and AIA (01299) over most China life names. (RC)