Rumor has it that China will lower the predetermined interest rates for life insurance products next season, heaping pressure on Chinese insurers today (10th). CHINA LIFE (02628.HK) -0.160 (-1.100%) Short selling $41.30M; Ratio 20.809% last printed at $13.04, down 4.82%, on a volume of 68.8468 million shares, involving $910 million.PING AN (02318.HK) -0.400 (-0.909%) Short selling $92.82M; Ratio 13.665% last printed at $41.1, down 3.97%, on a volume of 56.0492 million shares, involving $2.33 billion. CPIC (02601.HK) -0.400 (-1.699%) Short selling $7.10M; Ratio 9.713% last printed at $21.75, down 4.4%, on a volume of 12.2494 million shares, involving $269 million. NCI (01336.HK) -0.150 (-0.613%) Short selling $10.89M; Ratio 12.941% last printed at $21.15, down 4.73%. PICC GROUP (01339.HK) -0.080 (-1.970%) Short selling $5.32M; Ratio 23.553% last printed at $3.6, down 1.91%.Related NewsM Stanley: CSRC Encourages Big State-owned Insurers to Invest 30% of New Premiums in A-shrs, Believes CN Banks to Be Main Investment OptionThe market today was abuzz with news that documents related to the pricing mechanism for China's life insurance product interest rates may be released soon. The industry expected a reduction in predetermined interest rates for life insurance products next season. The upper limit is expected to decrease from 2.5% to 2% for the predetermined interest rate of newly filed ordinary insurance products and from 2% to 1.5% for the predetermined interest rate of newly filed participating insurance products, while the minimum guaranteed interest rate upper limit for newly filed universal insurance products is expected to drop from 1.5% to 1%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-28 12:25.)