AXAHY penetrating China market

2017年11月14日

Monthly chart shows it is on a nice uptrend. Notice also on the 4th attempt, it breaks out of the 50% FIB level , retrace and is now going upwards.

insurancejournal.com/news/international/2017/11/13/470954.htm

With the rising income, many foreign insurers are eager for a piece of the insurance market in China,e.g. AIA and AXA.

Bullish on mid to long term. See Daily chart

2018年1月25日

註釋

congrats to those who followed.

with rising middle income and increasing urbanisation, people's attitude towards insurance has changed since 2 decades ago when the latter was shunned by most people on the streets. The rich wants to protect their wealth , the less wealthy wants to protect their hard earn money and the whole range of services provided by insurance company.

The rise of financial centre in any country is a good indicator of its economic progress.