China financials 2025 are expected to outperform the broader market, with banks and insurers leading earnings upgrades, Bloomberg Intelligence data show. Forecast growth for Chinese financials in the MSCI EM Index stands at 3.2%, versus 1.7% for China equities overall. Insurers are driving the rally, led by China Life, which expects up to 70% profit growth for the first nine months, and Ping An, which rose 11%. Morgan Stanley forecasts sector Q3 net earnings up over 30% year