Ping An Finance Center tenants benefiting from Shenzhen’s booming commercial property market are signaling potential upside for real estate equity plays. REIT analysts forecast a 5% rental yield boost in 2024, hinting at ripple effects into linked financial portfolios. And if China’s economy does get dragged down by Trump’s tariffs, that will rebound on Ping An. “We rely on Chinese people to buy our insurance policies, to bank with us, to buy credit cards, and so on,” he adds. “If they don’t have stable jobs, they make less money or they’re more pessimistic about the future; that will impact how they interact with financial institutions.” China’s demographic decline is often presented as a long-term risk, but might it instead prove an opportunity? If China— which is facing a much larger elderly population with far fewer resources— can grow a vibrant silver economy, could other countries do the same? Ping An Finance Center-related infrastructure stocks saw modest 1.1% gains as China’s urban development stimulus package expanded. Equity strategists are revising target prices upward for Q