而在姜利民离职后，广东分公司总经理职务将由刘兴科补位。刘兴科自加入友邦以来，深度参与了友邦 人士区域拓展的前线工作，曾担任友邦人寿首席执行官特别助理并负责新市场和新机构的各项开拓工 作，任职期间成功完成天津、石家庄等地营销服务部的开设，以及友邦四川分公司的筹建工作。 南方财经全媒体记者 孙诗卉 此前，友邦人寿曾对21世纪经济报道记者透露，友邦未来的区域拓展计划以每年新增1-2家省级分支机 构的节奏进行，并设定了2025至2030年间新市场新业务价值复合年增长率达到40%的目标。 近日，21世纪经济报道记者从业内获悉，自2025年10月1日起，友邦人寿姜利民卸任副总经理兼广东分 公司总经理职务；副总经理兼深圳分公司总经理刘兴科将补位广东分公司总经理；同时湖北分公司总经 理叶刚将出任深圳分公司总经理。 2025年2季度末，友邦人寿综合偿付能力充足率410.03%，核心偿付能力充足率287.82%，风险综合评级 连续两个季度保持AAA。友邦2025年上半年年报数据显示，四川、湖北、河南、河北、天津、安徽、 山东、重庆、浙江9家机构新业务价值合计达6,100万美元，占友邦人寿新业务价值的8%。 业内人士指出，姜利民的 ...

Market Overview - The Hang Seng Index (HSI) closed at 26,665.59, up by 42.71 points or 0.16% on September 29 [1] - The index reached a high of 26,699.71 and a low of 26,495.38 during the trading session, with a trading volume of 61.6389 million [1] - The 52-week high for the index is 26,915.35, while the 52-week low is 18,856.77, indicating a trading range of 0.77% [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 109.701, up 0.83% from the previous close [2] - Tencent Holdings closed at HKD 661.446, reflecting a 0.22% increase from the previous close [2] ADR and Stock Price Movements - Tencent Holdings (ADR) increased by 2.48% to HKD 660.000, with an ADR conversion price of HKD 661.446, showing a rise of HKD 1.446 compared to its Hong Kong stock price [3] - Alibaba Group (ADR) rose by 4.14% to HKD 173.400, with an ADR conversion price of HKD 175.032, indicating an increase of HKD 1.632 [3] - HSBC Holdings (ADR) saw a 1.97% increase to HKD 108.800, with an ADR conversion price of HKD 109.701, up by HKD 0.901 [3] - Other notable movements include a 2.66% increase for Trip.com Group and a 3.09% increase for JD.com [3]

美联储降息落地，香港储蓄险也要跟着调整了 —— 预缴高利率、首年折扣大概率10月下调，友邦已传出 "取消预缴保证利率" 的消息！ 现在上车还能锁定5%高息，晚一步可能少赚10万美金，想配置的别等了！ 1.紧急提醒：10月后，港险优惠要 "缩水" 美联储上周正式降息，摩根大通预计年内还会再降 2 次（共 50 个基点）。 牵一发而动全身，香港保司为控制成本，大概率会做两个调整： 现在能享的 4.3%-5% 保证利率，10 月后可能取消或降到 3% 以下； 目前部分保司的首年回赠、折扣，后续可能收紧。 其中友邦动作最快，据消息称 10 月后将取消预缴保证利率优惠—— 这可不是小变动，直接影响收益： 以 "年交 20 万美元 ×5 年缴" 为例，现在预缴能享 4.7% 保证利率，总利息达 103151 美元（约首年保费的 51.5%）； | 指定儲蓄保險計劃 | 預繳保費期 | 預繳保費保證優惠年利率 | | | --- | --- | --- | --- | | | | 基本計劃的年繳保費 | | | | | 少於200.000美元 | 200,000美元或以上 | | · 「盈御多元貨幣計劃3」 · 環宇盈活儲 ...

Market Overview - The Hang Seng Index (HSI) closed at 26,253.57, up by 125.37 points or 0.48% as of September 26, 16:00 [1] - The index reached a high of 26,319.20 and a low of 26,156.64 during the trading session, with a trading volume of 63.71 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.633, an increase of 1.081% from the previous close [2] - Tencent Holdings closed at HKD 648.733, up by 0.73% compared to the last trading session [2] ADR Performance Summary - Tencent Holdings (ADR: TCEHY) increased by HKD 4.733, or 0.73% [3] - Alibaba Group (ADR: BABA) rose by HKD 0.672, or 0.40% [3] - HSBC Holdings (ADR: HSBC) saw an increase of HKD 1.933, or 1.81% [3] - Xiaomi Group (ADR: XIACY) gained HKD 0.584, or 1.07% [3] - AIA Group (ADR: AAGIY) increased by HKD 0.222, or 0.31% [3] - Meituan (ADR: MPNGY) rose by HKD 0.534, or 0.53% [3] - Ctrip Group (ADR: TCOM) increased by HKD 8.120, or 1.39% [3] - JD.com (ADR: ID) rose by HKD 1.696, or 1.28% [3]

Market Overview - The Hang Seng Index closed at 26,404.18, down by 80.50 points or 0.30% on September 25 [1] - The index reached a high of 26,430.39 and a low of 26,319.63 during the trading session, with a trading volume of 66.046 million shares [1] Major Stocks Performance - HSBC Holdings closed at HKD 107.287, up by 0.17% compared to the previous close [2] - Tencent Holdings closed at HKD 648.343, down by 0.25% compared to the previous close [2] - Alibaba Group (W) saw a decline of 1.15%, closing at HKD 172.000 [3] - China Construction Bank dropped by 2.28%, closing at HKD 7.300 [3] - Xiaomi Group (W) increased by 4.48%, closing at HKD 59.450 [3] ADR Performance - Tencent's ADR price was USD 648.343, reflecting a decrease of 0.25% compared to its Hong Kong stock price [3] - Alibaba's ADR price was USD 170.695, down by 0.76% compared to its Hong Kong stock price [3] - HSBC's ADR price was USD 107.287, showing an increase of 0.17% compared to its Hong Kong stock price [3]

Core Insights - The new business value of listed life insurance companies in China saw a significant increase of 31.3% in the first half of 2025, with all but one company achieving double-digit growth [1][24][26]. New Business Value - In the first half of 2025, the new business value for listed life insurance companies totaled 933 billion yuan, with notable growth from major players such as China Life (285 billion yuan, +20.3%) and Ping An Life (223 billion yuan, +39.8%) [24][25]. - The overall new business value rate for the industry increased by 6.7 percentage points, reaching a weighted average of 27.8% [30][34]. New Single Premiums - The total new single premium income for listed life insurance companies in the first half of 2025 was 5,227 billion yuan, reflecting a year-on-year growth of 7.8% [38]. - However, the agent channel saw a decline of 13.8% in new single premiums, while the bancassurance channel experienced a robust growth of 61.1% [8][16][40]. Factors Influencing Growth - The increase in new business value and value rate is attributed to the adjustment of preset interest rates and the implementation of cost control policies under the "reporting and operation integration" framework [4][14][34]. - The shift from guaranteed products to floating yield products has increased sales difficulty, impacting the attractiveness of insurance products [6][47]. Agent Channel Performance - The number of agents decreased by 2.9% to 1.605 million, with average productivity dropping by 11.3% to 139,000 yuan per agent [51][55]. - Despite the decline in agent numbers, the overall industry is showing resilience through the growth in the bancassurance channel, which compensates for the downturn in the agent channel [64].

Core Viewpoint - AIA Life Insurance has chosen to focus on "protection" as its core insurance principle, maintaining a commitment to traditional protection products like critical illness insurance, even amidst a low-interest rate environment and intense competition in the life insurance industry [1][5] Group 1: Health Service Strategy - AIA Life Insurance's health service system aims to provide comprehensive health protection, evolving from traditional claims payment to a full-spectrum health guardian role, covering prevention to rehabilitation [1][6] - The launch of new products like the "Ying Ruyi" critical illness plan and "Zhi Xuan Yi Sheng" medical insurance reflects a dual strategy of upgrading protection functions and deepening health services [1][6] - The company recognizes that health management services are becoming a strategic high ground for differentiation in the insurance industry, driven by increasing health awareness and an aging population [1][5] Group 2: Comprehensive Health Management System - AIA Life Insurance has developed a comprehensive health management system that addresses various customer needs across different life stages, focusing on prevention, diagnosis, treatment, and rehabilitation [6][7] - The health service system is designed to transition the role of insurance from merely a "payer" to a "guardian" of customer health, thereby reducing the likelihood of illness and claims while alleviating pressure on social medical resources [6][7] Group 3: Key Support Pillars - The health service strategy is supported by four key pillars: a quality resource network, a self-built professional team, continuous service innovation, and a rigorous quality management system [7][8] - AIA Life Insurance has established a medical network of over 1,400 institutions, including partnerships with top hospitals, ensuring customers have access to high-quality medical resources [7][8] Group 4: Integration of Services and Products - The integration of health services with insurance products enhances customer experience, transforming traditional critical illness insurance into a comprehensive offering that includes medical resources and rehabilitation support [11][12] - Collaboration between health management and insurance product development teams ensures that customer needs are met through tailored solutions, enhancing the overall value proposition [12][13] Group 5: Future Outlook and Challenges - AIA Life Insurance aims to deepen its resource advantages and leverage technology to provide distinctive and valuable services, while also focusing on global medical resources to enhance its health and elderly care service system [14] - The company acknowledges the challenges posed by supply-side instability and the need for differentiation in a competitive landscape, emphasizing the importance of customer-driven innovation [14]

（文章来源：每日经济新闻） 每经AI快讯，Wind数据显示，9月24日，共21只港股获公司回购，5只个股回购金额超千万港元。其 中，腾讯控股、安踏体育、中集集团回购金额最大，分别获公司回购5.51亿港元、1.88亿港元、4488.24 万港元。截至9月24日，今年已有231只港股获公司回购，50只个股年内累计回购金额超亿港元。其中， 腾讯控股、汇丰控股、友邦保险年内累计回购金额最大，分别获公司回购554.60亿港元、266.74亿港 元、176.93亿港元。 ...

Market Overview - The Hang Seng Index (HSI) closed at 26,412.89, down by 105.76 points or 0.40% on September 24 [1] - The index reached a high of 26,518.90 and a low of 26,346.35 during the trading session [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.728, up by 1.14% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 643.360, down by 0.79% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings (00700) latest price is HKD 648.500, with an increase of HKD 13.000 or 2.05% [3] - Alibaba Group (09988) latest price is HKD 174.000, with an increase of HKD 14.600 or 9.16% [3] - HSBC Holdings (00005) latest price is HKD 107.500, down by HKD 1.100 or 1.01% [3] - China Construction Bank (00939) latest price is HKD 7.470, down by HKD 0.030 or 0.40% [3] - Xiaomi Group (01810) latest price is HKD 56.900, up by HKD 1.450 or 2.61% [3] - AIA Group (01299) latest price is HKD 70.400, down by HKD 0.500 or 0.71% [3] - Meituan (03690) latest price is HKD 102.200, up by HKD 1.200 or 1.19% [3] - Hong Kong Exchanges and Clearing (00388) latest price is HKD 438.200, up by HKD 0.800 or 0.18% [3] - Industrial and Commercial Bank of China (01398) latest price is HKD 5.810, up by HKD 0.030 or 0.52% [3] - JD.com (09618) latest price is HKD 133.000, up by HKD 4.700 or 3.66% [3]

Core Viewpoint - The insurance industry is experiencing a significant recovery in new business value, with a year-on-year increase of 31.3% in the first half of 2025, driven by both volume and price growth across various companies [1][16][18]. Summary by Sections New Business Value - In the first half of 2025, all listed life insurance companies, except for CITIC Prudential, achieved double-digit growth in new business value, with the overall industry growth rate reaching 31.3% [1][16]. - The new business value for major companies includes China Life at 28.5 billion yuan (20.3% increase), Ping An Life at 22.3 billion yuan (39.8% increase), and others showing significant growth rates [18]. New Business Value Rate - The new business value rate for most listed life insurance companies increased significantly, with an overall rise of 6.7 percentage points in the first half of 2025 [3][22]. - Notable increases in new business value rates include Ping An Life at 26.1% (up 8.8 percentage points) and China Life at 32.4% (up 9.2 percentage points) [22][24]. New Policy Premiums - The overall new policy premium for listed life insurance companies reached 522.7 billion yuan, reflecting a year-on-year growth of 7.8% [28]. - However, there was a notable decline in new policy premiums from the agent channel, which dropped by 13.8%, while the bank insurance channel saw a substantial increase of 61.1% [31][39]. Market Dynamics - The insurance sector is transitioning from a "volume and price decline" phase (2018-2022) to a "volume and price increase" phase in 2025, indicating a healthier growth trajectory [48][51]. - The shift in market dynamics is attributed to the effectiveness of the "reporting and operation integration" policy and the adjustment of premium rates, which have improved the new business value rates significantly [40][41]. Agent Channel and Bank Insurance Channel - The agent channel is facing challenges with a decline in the number of agents and average productivity, while the bank insurance channel is experiencing robust growth, indicating a shift in sales strategy [42][39]. - The average productivity of agents decreased by 11.3%, highlighting the ongoing transformation within the agent channel [46]. Conclusion - The insurance industry is showing resilience and adaptability, with a clear trend towards high-quality development characterized by simultaneous growth in new business value and premiums, driven by strategic channel shifts and improved operational efficiencies [51][52].