Core Viewpoint - The Hong Kong residential complex, Hong Fuk Court, is undergoing insurance renewal following a recent fire incident, with the owners' corporation opting to continue coverage with China Taiping Insurance for the period from January 1, 2025, to December 31, 2026 [2][5]. Insurance Details - The property insurance coverage for the building and common areas is set at HKD 2 billion, while public liability insurance includes HKD 10 million per incident for personal injury and HKD 20 million per incident for third-party liability [2][3]. - The total premium for the insurance coverage is HKD 337,737, which is consistent with the current premium being paid [2][4]. Insurance Market Response - Nine insurance companies were approached for quotes, but many either declined to quote or did not respond, indicating a potential increase in underwriting risk due to ongoing major repairs [3][4]. - The only company that provided a quote was China Taiping Insurance, while others like New World Insurance and Ping An Insurance expressed no interest in quoting [4]. Risk Management and Claims Process - The insurance coverage is expected to include various aspects of risk management related to ongoing repairs, such as coverage for material loss, damage to construction equipment, and third-party liability during the repair process [5]. - The claims process involves several steps, including reporting the incident, submitting claims documentation, and undergoing loss assessment, but the exact scale of potential claims remains uncertain pending further evaluations [5][6].

Core Viewpoint - A significant fire incident occurred at Wong Fuk Court in Tai Po, Hong Kong, resulting in major casualties. The owners' corporation has decided to continue insurance coverage with China Taiping Insurance (Hong Kong) Limited for the period from January 1, 2025, to December 31, 2026 [1][2]. Insurance Coverage Summary - The insurance plan includes four types of coverage: building and common area property insurance, public liability insurance, cash insurance, and collective personal accident insurance [2][3]. - The building and common area property insurance has a coverage amount of HKD 2 billion, with a premium of HKD 240,240 for two years [2][4]. - Public liability insurance covers third-party personal injury liability with a coverage amount of HKD 10 million per event, costing HKD 20,020 for two years, and third-party liability for HKD 20 million per event, costing HKD 87,070 for two years [2][4]. - Cash insurance covers cash in transit and cash stored in locked drawers or safes, with coverage amounts of HKD 100,000 and HKD 30,000 respectively, each costing HKD 3,503.5 for two years [2][4]. - Collective personal accident insurance provides coverage of up to HKD 100,000 per person for participants aged 7-70, with a premium of HKD 3,903.9 for two years [2][4]. - The total premium for all four types of insurance amounts to HKD 337,737.4 for two years [3][4].

Group 1 - A fire incident occurred in multiple residential buildings at Hong Kong's Hong Fu Court, resulting in significant casualties [1] - The owners' corporation discussed and approved the continuation of insurance coverage with China Taiping Insurance (Hong Kong) Co., Ltd. for the period from January 1, 2025, to December 31, 2026 [1][2] - The insurance plan includes property insurance for buildings and common areas, public liability insurance, cash insurance, and collective personal accident insurance [2] Group 2 - The property insurance for buildings and common areas has a coverage amount of HKD 2 billion, with a premium of HKD 240,240 for two years [2][4] - Public liability insurance covers third-party personal injury with a limit of HKD 10 million per event, costing HKD 20,020 for two years, and third-party liability with a limit of HKD 200 million per event, costing HKD 70,000 for two years [2][4] - The total premium for all four types of insurance amounts to HKD 337,737.4 for two years [3][4]

Core Viewpoint - The fire incident at Hong Kong's Tai Po Hong Fu Court has led to significant casualties and has impacted the stock performance of China Taiping Insurance, which is reported to underwrite the comprehensive insurance for the affected property [1] Company Summary - China Taiping Insurance (0966.HK) experienced a sharp decline in its stock price, dropping over 8% to HKD 16.77 in early trading, before recovering to a decline of less than 1% [1] - The comprehensive insurance policy for Hong Fu Court has a total property insurance payout limit of HKD 2 billion [1] Industry Summary - The fire incident has resulted in at least 44 fatalities and 66 injuries, including the death of a firefighter, highlighting the potential risks associated with property insurance underwriting in high-density residential areas [1]

Group 1 - The National Financial Regulatory Administration approved Taiping Pension Insurance Co., Ltd. to increase its registered capital by approximately 330 million yuan, raising the total from 3 billion yuan to about 3.333 billion yuan [1] - Belgium's Fidea Insurance International S.A. will acquire a 10% stake in Taiping Pension, investing approximately 330 million yuan [1][2] - Since the beginning of the year until November 25, 15 insurance companies have been approved for capital increases totaling 16.691 billion yuan [1] Group 2 - After the capital increase, Taiping Pension's registered capital will consist of 2.9997 billion yuan from China Taiping, accounting for 89.99%, and 330 million yuan from Fidea, making it the second-largest shareholder [2] - The capital increase reflects the need for insurance companies to support business expansion and risk control amid increasing market competition and regulatory changes [2] - Foreign investment in China's insurance sector has been increasing, with 6 out of the 15 companies approved for capital increases having foreign backgrounds [3] Group 3 - The involvement of foreign capital is expected to intensify market competition, prompting domestic insurers to innovate in products, service experiences, and technology applications [3] - Foreign investment will introduce advanced risk management concepts and actuarial techniques, enhancing the professionalism and internationalization of the industry [3] - The restructuring of ownership and governance models by foreign investors may align industry standards with international practices and foster the development of wealth management insurance products [3]

Core Viewpoint - China Taiping's subsidiary, Taiping Life, has sold equity stakes in four companies for 6.5 billion yuan, reflecting a strategic asset rotation amid a growing equity market for insurance capital [3][6][9]. Group 1: Asset Sale and Financial Impact - Taiping Life's sale of equity stakes will result in an influx of 6.5 billion yuan in cash, enhancing its liquidity for future investments [6][9]. - The investment in the four companies, made in December 2019, yielded a total return of approximately 2.35 billion yuan over nearly six years, indicating a successful exit strategy [9][10]. - The proceeds from the sale are intended for general operational funding, allowing for greater flexibility in future investments [11][12]. Group 2: Investment Performance and Strategy - In the first three quarters of 2025, Taiping Life reported a significant increase in investment income, totaling 16.71 billion yuan, up from 6.89 billion yuan in the same period the previous year, marking a 142.5% increase [13][14]. - The company has diversified its investments, appearing as a major shareholder in multiple stocks, with a focus on both traditional sectors and emerging technologies [14][15]. - The investment strategy has shifted from infrastructure-heavy allocations to a more balanced approach that includes equities, reflecting a response to changing market conditions and regulatory frameworks [28][29]. Group 3: Market Trends and Regulatory Environment - The insurance industry is experiencing a systemic trend towards increased equity market participation, driven by low interest rates and regulatory adjustments that allow for higher equity allocations [29][30]. - As of mid-2025, Taiping Life's equity investment weight was 13.6%, which is below the regulatory cap, indicating potential for further investment growth in equities [30][31]. - The shift in investment focus is seen as a rational response to market dynamics, aiming to enhance returns while managing risks effectively [28][29].

Core Viewpoint - China Taiping (00966.HK) announced the resignation of non-executive directors Guo Zhaoxu and Zhang Cui due to reaching retirement age, which may impact the company's governance structure and risk management oversight [1] Group 1 - Guo Zhaoxu will no longer serve as a member of the Risk Management Committee following his resignation [1] - Zhang Cui will no longer serve as a member of the Audit Committee and the Risk Management Committee after her resignation [1] - Feng Zhanwu has been appointed as a non-executive director and a member of the Risk Management Committee [1]

Group 1 - The company announced that non-executive directors Guo Zhaoxu and Zhang Cui will resign due to reaching retirement age, effective from November 21, 2025 [1] - Following their resignation, Guo will no longer serve as a member of the Risk Management Committee, and Zhang will no longer serve as a member of both the Audit Committee and the Risk Management Committee [1] - Feng Zhanwu has been appointed as a non-executive director and a member of the Risk Management Committee [1]

中國太平保險控股有限公司董事會（「董事會」）成員載列如下。 執行董事 尹兆君先生 董事長 李可東先生 副董事長及總經理 那豔芳女士 （於香港註冊成立之有限公司） （股份代號：966） 董事名單與其角色和職能 非執行董事 C 有關委員會的主席 M 有關委員會的成員 中國香港，2025 年 11 月 21 日 羅范椒芬女士 劉怡女士 邵善波先生 蔡洪平先生 董事會設立 4 個委員會。下表提供各董事會成員在這些委員會所擔任的職位： | | 委員會 | | 提名薪酬 | 風險管理 | 戰略與投資 | | --- | --- | --- | --- | --- | --- | | | | 審計委員會 | 委員會 | 委員會 | 委員會 | | 董事 | | | | | | | 尹兆君先生 | | | | | C | | 李可東先生 | | | | M | M | | 那豔芳女士 | | | M | M | M | | 胡興國先生 | | M | | | M | | 周梁剛先生 | | | | | M | | 馮占武先生 | | | | M | | | 羅范椒芬女士 | | M | M | | | | 劉怡女士 | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 （於香港註冊成立之有限公司） （股份代號：966） 非執行董事 公告 非執行董事變更 中國太平保險控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」） 謹此宣佈下列有關本公司非執行董事及董事會附屬委員會成員變動，由 2025 年 11 月 21 日 起生效。 非執行董事辭任 本公司非執行董事郭兆旭先生（「郭先生」）及張翠女士（「張女士」）因已達退休年齡，辭任 本公司非執行董事職務。辭任後，郭先生將不再擔任本公司風險管理委員會成員；及張女士 將不再擔任本公司審計委員會及風險管理委員會成員。郭先生及張女士已確認彼等與董事會 並無任何意見分歧及並無任何與彼等辭任有關之事宜需要通知香港聯合交易所有限公司 （「聯交所」）及本公司股東。 委任非執行董事 本公司進一步宣佈馮占武先生（「馮先生」）獲委任為本公司非執行董事及風險管理委員會成 員。 馮先生的履歷載列如下： 馮占武先生，52歲，自20 ...