China Financials 2025 Earnings Growth Set to Outperform Broader Market

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 on year, supported by stable yields and recovering margins. The MSCI China Index has climbed 36% this year, while a Hong Kong insurers gauge surged 63%.