为切实守护社区居民尤其是老年群体的财产安全，提升老年人金融风险防范意识，近日，友邦人寿山东 分公司走进济南市鲍山街道裴家营村社区，精心开展"风险提示送上门"主题金融宣传教育活动，以接地 气的互动形式，为社区居民带来一场实用的反诈知识"盛宴"。 活动现场，友邦人寿的工作人员结合老年群体金融知识储备相对薄弱、易成为诈骗目标的特点，聚焦电 信网络诈骗、养老领域非法集资、虚假保险产品推销等高频风险场景，通过"案例讲解+情景分析"的方 式，用通俗易懂的方言和生动的生活实例，拆解诈骗分子常用的"温情关怀""高额回报""虚假政策"等套 路。从"冒充子女借钱"的电信诈骗，到"以房养老"的非法集资陷阱，再到伪造保险单据的欺诈手段，工 作人员逐一剖析风险点，手把手教老年人识别诈骗"话术"，提醒大家"不轻信、不透露、不转账"。 在互动交流环节，社区老年人积极参与，纷纷分享自己或身边人遇到的"可疑情况"。针对居民提出 的"陌生电话推荐理财项目该不该信""收到保单失效短信如何核实"等问题，友邦人寿工作人员耐心细致 解答，现场演示通过官方渠道查询保险信息、辨别金融产品真伪的方法，帮助老年人掌握实用的反诈技 能。同时，工作人员还向居民发放 ...

Core Viewpoint - The event "Golden Horn · Financial Market" organized by Shandong Financial Regulatory Bureau aims to enhance financial literacy and consumer protection through interactive activities and professional services provided by AIA Life Insurance Shandong Branch [1][6]. Group 1: Event Overview - The event was held on September 15, featuring a service booth by AIA Life Insurance Shandong Branch that focused on delivering financial knowledge to the public [1]. - The booth served as a "financial knowledge station," promoting interaction and engagement among attendees [3]. Group 2: Educational Initiatives - Staff acted as "financial science ambassadors," distributing materials on consumer rights and fraud prevention, making complex financial terms more accessible [3]. - The event included interactive quiz sessions that integrated financial knowledge into fun activities, enhancing public participation and understanding [4]. Group 3: Target Audience Engagement - Special attention was given to elderly individuals and new citizens, with dedicated consultation channels addressing their specific concerns about insurance and financial processes [6]. - During the event, over 150 promotional materials were distributed, and more than 200 citizens were consulted, indicating strong community engagement [6]. Group 4: Future Plans - AIA Life Insurance Shandong Branch plans to continue its commitment to financial education through various innovative formats, including online videos and community outreach programs [6].

Market Overview - The Hang Seng Index (HSI) closed at 26,457.88, up by 11.32 points or 0.04% as of September 15, 16:00 Eastern Time [1] - The index reached a high of 26,527.24 and a low of 26,435.55 during the trading session, with an average price of 26,481.40 [1] - The trading volume was 71.35 million shares, indicating active market participation [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.054, reflecting an increase of 1.46% compared to the Hong Kong closing price [2] - Tencent Holdings closed at HKD 644.822, with a slight increase of 0.21% from the Hong Kong closing price [2] - Alibaba Group (ADR) saw a price of HKD 153.679, down by 0.921 compared to its Hong Kong price, despite a 2.32% increase in its latest price [3] - Other notable performances include BYD Company, which rose by 3.44% to HKD 108.100, and Xiaomi Group, which increased by 1.90% to HKD 56.200 [3] Summary of Stock Movements - Tencent Holdings remained stable with no change in its latest price [3] - HSBC Holdings showed a minor increase of 0.19% [3] - Alibaba's stock experienced a decline when compared to its ADR price [3] - The overall performance of major blue-chip stocks was mixed, with some stocks like BYD and Xiaomi showing positive movements while others like China Ping An and AIA Group faced declines [3]

Core Viewpoint - The article provides an analysis of the solvency ratios of various life insurance companies for the first half of 2025, highlighting the overall stability and changes in solvency levels across the industry [1][12]. Solvency Ratios - A total of 74 life insurance companies have disclosed their solvency ratios for the first half of 2025, with the comprehensive solvency adequacy ratio averaging 196.6% and the core solvency adequacy ratio at 134.3% [14][16]. - Among the companies, 51% reported an increase in their comprehensive solvency adequacy ratio compared to the previous quarter [16]. - The solvency ratios of major companies include: - PICC Pension: 1327.8% (down 30 points) - China Life Pension: 1095.2% (up 44 points) - New China Life Pension: 991.3% (down 656 points) [2][3]. Capital Increase and Debt Issuance - Since the beginning of 2025, 12 life insurance companies have announced plans to increase their registered capital by over 35 billion yuan [18][20]. - Additionally, six companies have received approval to issue capital supplement bonds totaling nearly 20 billion yuan [23]. - The issuance of bonds has exceeded 150 billion yuan since 2024, indicating a strong capital-raising trend in the industry [23]. Regulatory Actions - Huaxia Life Insurance has been penalized with the revocation of its business license due to significant violations, including the substantial inflation of solvency capacity [24][30]. - The article notes that only one company, Huaxia Life, has a risk rating of C, indicating serious solvency issues [25][29]. Investment Trends - The article discusses a shift towards dividend insurance products as traditional and participating insurance products see a decrease in guaranteed rates [7][10]. - The investment yield for life insurance companies has increased to an average of 4.22%, up from 3.59% in the previous year, reflecting improved asset allocation strategies [10]. Conclusion - The overall solvency of life insurance companies remains stable, with many companies increasing their capital and improving their investment strategies to adapt to changing market conditions [12][16].

Core Viewpoint - The insurance asset management industry in China has shown significant growth in both revenue and net profit for the first half of the year, driven by improved investment returns, ongoing development in the insurance sector, and regulatory guidance that has expanded investment channels [1][2]. Revenue and Profit Summary - Five insurance asset management institutions reported a total revenue of 77.88 billion yuan, marking a year-on-year increase of 14.8%, and a net profit of 38.85 billion yuan, with a year-on-year growth of 30.7% [1][2]. - China Life Asset Management and Taikang Asset Management led the revenue figures, with revenues of 35.54 billion yuan and 30.08 billion yuan, respectively [2]. - Allianz Asset Management reported the highest revenue growth rate at 37%, reaching 1.46 billion yuan [2]. - The top three institutions in net profit were China Life Asset Management, Taikang Asset Management, and PICC Asset Management, with net profits of 20.76 billion yuan, 13.16 billion yuan, and 3.91 billion yuan, respectively, all showing over 20% growth compared to the previous year [2]. Industry Development Factors - Regulatory policies have broadened investment channels for insurance funds, allowing for a higher allocation to equity assets, which has enhanced the operational scope of insurance asset management institutions [3]. - The insurance sector has experienced steady growth in premium income, leading to an increase in available investment funds [3]. - The rise in stock indices, such as the CSI 300 and Hang Seng Index, has contributed to improved investment returns for insurance asset management firms [3]. Foreign Investment Trends - The maturity of China's insurance asset management industry has attracted increased foreign investment, with Prudential Insurance Asset Management recently receiving approval to commence operations [4]. - Two foreign insurance asset management institutions have also been approved for establishment, indicating a positive outlook on China's insurance market potential [4]. - The entry of foreign firms is expected to bring global allocation capabilities and experience in navigating market cycles, which can benefit domestic insurance institutions [5][6]. Competitive Strategies for Domestic Firms - Domestic insurance asset management institutions are encouraged to leverage their long-duration capital and strong risk resistance, particularly in higher-risk asset categories [6]. - There is a need for market-oriented reforms to enhance investment research capabilities, product design, and customer service [6]. - Expanding international business and preparing for global competition is essential for domestic firms to remain competitive in the evolving market landscape [6].

Group 1 - The Hong Kong stock market has seen a significant increase in share buybacks, with 223 companies repurchasing a total of 5.32 billion shares, amounting to HKD 122.57 billion as of September 9 [1] - The buyback trend is led by major internet and financial companies, with 44 companies repurchasing over HKD 100 million, including 16 companies exceeding HKD 500 million and 10 companies over HKD 1 billion [3][7] - The buyback landscape is diversifying, with active participation from sectors such as healthcare, consumer discretionary, and information technology, indicating a gradual recovery in industry confidence [4] Group 2 - Three main characteristics of the buyback trend in Hong Kong stocks include policy and market environment support, with regulatory reforms enhancing buyback flexibility and expectations of U.S. interest rate cuts attracting foreign capital back to emerging markets [5] - Overall profitability of Hong Kong companies has improved, with total revenue increasing by 0.67% year-on-year and net profit rising by 3.59% [8] - The buyback trend is supported by a "threefold driving" mechanism: optimized policy mechanisms enhancing operational space, leading companies setting examples for others, and improved profitability alongside foreign capital inflow boosting market confidence [9]

我們鼓勵 閣下選擇網上版本。此舉既環保及可節省印刷及分發成本。在行使 閣下選擇權時，請填妥及 簽署隨附的回條（「回條」），並使用回條下方提供之郵寄標籤將回條寄回，或親身交回本公司證券登記處 香港中央證券登記有限公司（「證券登記處」）以轉交予本公司，地址為香港灣仔皇后大道東183號合和中心 17M樓。回條亦可於本公司網站或香港交易所網站下載。 倘若本公司於2025年10月9日尚未收到 閣下已填妥並簽署的回條或並未有收到 閣下的回覆， 閣下將 被視作選擇所有日後刊發之公司通訊的網上版本以代替收取印刷本。而本公司亦會於印刷本寄出當日，以 電郵方式（或如沒有提供電郵地址，則郵寄至 閣下於本公司股東名冊上所顯示的地址）通知 閣下有關 公司通訊已登載於本公司網站及香港交易所網站。 AIA Group Limited 友邦保險控股有限公司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及81299（人民幣櫃台） 敬啟者： 致新登記股東之函件 選擇公司通訊之語言版本及收取方式 隨函附上友邦保險控股有限公司（「本公司」）2025年中期報告的英、中文版本以供閱覽。 根據《香港聯合交易所有限公司證券上市規則》、《公司 ...

AIA Group Limited 友邦保險控股有限公司 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） Stock Codes: 1299 (HKD counter) and 81299 (RMB counter) 股份代號：1299（港幣櫃台）及81299（人民幣櫃台） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder (Note 1) , 9 September 2025 AIA Group Limited (the "Company") Notice of Publication of Interim Report 2025 of the Company (the "Interim Report 2025") The English and Chinese versions of the Interim Report 2025 are available on the Company's website at www.aia.com and Hong Ko ...

AIA Group Limited 友邦保險控股有限公司 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） Stock Codes: 1299 (HKD counter) and 81299 (RMB counter) 股份代號：1299（港幣櫃台）及81299（人民幣櫃台） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder, AIA Group Limited (the "Company") Notice of Publication of Interim Report 2025 of the Company (the "Interim Report 2025") The English and Chinese versions of the Interim Report 2025 are available on the Company's website at www.aia.com and Hong Kong Exchanges and Clearing Limit ...

Financial Performance - New business value increased by 14% to $2.838 billion[3] - After-tax operating profit reached $3.609 billion, representing a 12% increase per share[3] - Basic earnings per share rose by 10% to $3.569 billion[3] - Annualized embedded value operating return improved to 17.8%, up 290 basis points from 14.9% in 2024[3] - The company returned $3.71 billion to shareholders through dividends and share buybacks in the first half of 2025[3] - Operating profit increased to $5.893 billion, with earnings per share rising by 15%[16] - The total intrinsic value equity profit for the six months ended June 30, 2025, was $4.4 billion, after accounting for the global minimum tax of $51 million[58] - The company reported a net profit of $2.53 billion for the six months ending June 30, 2025, compared to $3.31 billion for the same period in 2024[95] Dividends and Shareholder Returns - Interim dividend increased by 10% to HKD 0.49 per share[3] - The company announced a 10% increase in the interim dividend per share to HKD 0.49[45] - The company returned $3.71 billion to shareholders through dividends and share buybacks in the first half of 2025[95] - The company returned $1.768 billion in dividends and $1.942 billion in share buybacks during the first half of 2025, resulting in an ending free surplus of $9.898 billion[111] New Business Growth - Active agents increased due to investments in generative AI, driving a 17% growth in new business value from agents[2] - New business value for the six months ended June 30, 2025, reached $2,838 million, representing a 14% increase year-over-year[8] - New business value from the agency channel rose by 17% to $2.220 billion[20] - New business value in Hong Kong grew by 24% to $1.063 billion, with active new agents increasing by 25%[29] - New business value in China was $743 million, with a 10% growth before economic assumption changes[30] - Thailand's new business value surged by 35% to $522 million, benefiting from a strong sales increase[31] - Singapore's new business value rose by 16% to $259 million, supported by a 22% increase in agent productivity[31] Capital Management - Shareholder capital ratio as of June 30, 2025, stood at 219%[3] - The embedded value equity as of June 30, 2025, was $73.67 billion, reflecting a 5% increase per share[41] - The total embedded value increased by 8% to $77.38 billion before returning $3.71 billion to shareholders through dividends and share buybacks[54] - The group’s local capital coverage ratio remained strong at 254% as of June 30, 2025[130] Investment Performance - The company reported a negative investment return variance of $1.397 billion, primarily related to market changes in Thailand, offset by positive foreign exchange translation effects[53] - The net investment performance after expenses reached $1.536 billion, a decrease of $116 million compared to the first half of 2024[64] - The total investment return from non-dividend and surplus assets was $4.686 billion for the first half of 2025[80] Operational Efficiency - The company achieved a 255% increase in operational variance, rising to $231 million compared to $71 million in the previous year[67] - The company reported a strong operating profit margin of 15.1%, with a return on equity of 16.2%, an increase of 140 basis points year-over-year[63] - Operating expenses increased by 2% to $1.751 billion for the six months ended June 30, 2025, with an expense ratio improvement of 80 basis points to 7.3%[86] Market Performance - AIA Group achieved a new business value growth of 14% to $2.838 billion in the first half of 2025, supporting profit growth[39] - The company has over 19,000 MDRT agents, more than double that of its closest multinational competitor[21] - The overall new business value across eleven markets grew by 14%, with nine markets reporting increases[178] Future Outlook - The company aims for a compound annual growth rate of 9% to 11% in after-tax operating profit per share from 2023 to 2026[3] - The company aims for a compound annual growth rate of 40% in new business value from new regions in mainland China from 2025 to 2030[168]