Citigroup 12 月 6 日英文长篇，48页。
　　Start of a goldilocks era；new policy a LT gain—Despite a“high base”since 2015，life NBV will likely continue to embrace multi-year strong growth（we estimate a >20% CAGR through 2019E），thanks to a secular uptrend in penetration and product mix.No.134 Policy would cause a volume hiccup but also drive margins up.