Core Insights - Xinhua Insurance reported a significant increase in key performance indicators, with net profit growing by 58.9% and new business value rising by 50.8% year-on-year in Q3 2025 [1][5] - The company's total revenue for the first three quarters reached 137.25 billion yuan, a year-on-year increase of 28.3%, while net profit for Q3 alone surged by 88.2% to 18.06 billion yuan [1][2] Investment Performance - The core driver of net profit growth was the strong performance of the investment segment, with investment income reaching 40.41 billion yuan, a significant increase from 5.13 billion yuan in the same period last year [2] - Xinhua Insurance's annualized total investment return rate was 8.6%, up by 1.8 percentage points year-on-year, while the annualized comprehensive investment return rate stood at 6.7% [2] - The company's investment assets reached 1.77 trillion yuan, with total assets exceeding 1.8 trillion yuan, marking an 8.3% increase from the previous year [2] Insurance Business Growth - Xinhua Insurance achieved original insurance premium income of 172.71 billion yuan, reflecting an 18.6% year-on-year growth [3][4] - Long-term insurance first-year premium income reached 54.57 billion yuan, a substantial increase of 59.8% [5] - The company maintained a low surrender rate of 1.2%, down by 0.1 percentage points from the previous year, indicating improved business quality [5] Workforce and Channel Development - The company added over 30,000 new personnel in the first three quarters, a year-on-year increase of over 140%, with per capita productivity rising by 50% [5][6] - Xinhua Insurance's individual insurance channel saw first-year premium income of 18.44 billion yuan, up by 48.5% year-on-year [6][7] Strategic Initiatives - The company is implementing various initiatives such as the XIN plan and WLP training system to enhance workforce capabilities and service quality [6] - Xinhua Insurance is expanding its presence in the health and wellness sector, with the launch of high-quality retirement communities in collaboration with Yada International [7][9] - The company aims to become a leading financial service group centered on insurance, focusing on customer-centric strategies and multi-dimensional reforms [9]

2025年11月19日，山东省济南市中级人民法院一审公开宣判新华人寿保险股份有限公司原党委书记、董 事长李全贪污、受贿案，对被告人李全以贪污罪判处无期徒刑，剥夺政治权利终身，并处没收个人全部 财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产，决定执行死 刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产。对追缴在案的李全贪污所得财物返还 被害单位，不足部分继续追缴，对追缴在案的李全受贿所得财物及孳息依法上缴国库。 新华人寿保险股份有限公司原党委书记、董事长李全贪污、受贿案一审宣判 济南市中级人民法院认为，被告人李全的行为构成贪污罪、受贿罪，且数额均特别巨大，使国家和人民 利益遭受特别重大损失，均应依法惩处，并予数罪并罚。鉴于其贪污、受贿犯罪中均有未遂情节；到案 后如实供述自己罪行，主动交代办案机关尚未掌握的部分受贿事实；认罪悔罪，积极退赃，其贪污、受 贿实际所得财物及孳息已追缴，依法可以对其从轻处罚。法庭遂作出上述判决。 据悉，济南市中级人民法院于2025年5月14日公开开庭审理了该案。庭审中，检察机关出示了相关证 据，被告人李全及其辩护人进行了质证，控辩双方在法庭的主持下充 ...

2025年11月19日，山东省济南市中级人民法院一审公开宣判新华人寿保险股份有限公司原党委书记、董 事长李全贪污、受贿案，对被告人李全以贪污罪判处无期徒刑，剥夺政治权利终身，并处没收个人全部财 产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产，决定执行死刑，缓 期二年执行，剥夺政治权利终身，并处没收个人全部财产。对追缴在案的李全贪污所得财物返还被害单 位，不足部分继续追缴，对追缴在案的李全受贿所得财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事长， 新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺骗、隐瞒等手 段，非法占有相关业务收益，共计折合人民币1.08亿余元。2010年至2023年，李全利用职务上的便利， 为有关单位和个人在业务合作、基金认购等方面提供帮助，单独或伙同他人非法收受财物共计折合人民币 1.05亿余元。 济南市中级人民法院认为，被告人李全的行为构成贪污罪、受贿罪，且数额均特别巨大，使国家和人民利 益遭受特别重大损失，均应依法惩处，并予数罪并罚。鉴于其贪污、受贿犯 ...

济南市中级人民法院认为，被告人李全的行为构成贪污罪、受贿罪，且数额均特别巨大，使国家和人民 利益遭受特别重大损失，均应依法惩处，并予数罪并罚。鉴于其贪污、受贿犯罪中均有未遂情节；到案 后如实供述自己罪行，主动交代办案机关尚未掌握的部分受贿事实；认罪悔罪，积极退赃，其贪污、受 贿实际所得财物及孳息已追缴，依法可以对其从轻处罚。法庭遂作出上述判决。 北京商报讯（记者 胡永新）央视新闻消息，2025年11月19日，山东省济南市中级人民法院一审公开宣 判新华人寿保险股份有限公司原党委书记、董事长李全贪污、受贿案，对被告人李全以贪污罪判处无期 徒刑，剥夺政治权利终身，并处没收个人全部财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利 终身，并处没收个人全部财产，决定执行死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部 财产。对追缴在案的李全贪污所得财物返还被害单位，不足部分继续追缴，对追缴在案的李全受贿所得 财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事长， 新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺 ...

2025年11月19日，山东省济南市中级人民法院一审公开宣判新华人寿保险股份有限公司原党委书记、 董事长李全贪污、受贿案，对被告人李全以贪污罪判处无期徒刑，剥夺政治权利终身，并处没收个人全 部财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产，决定执行死 刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产。对追缴在案的李全贪污所得财物返还 被害单位，不足部分继续追缴，对追缴在案的李全受贿所得财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事 长，新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺骗、隐 瞒等手段，非法占有相关业务收益，共计折合人民币1.08亿余元。2010年至2023年，李全利用职务 上的便利，为有关单位和个人在业务合作、基金认购等方面提供帮助，单独或伙同他人非法收受财物共 计折合人民币1.05亿余元。 据悉，济南市中级人民法院于2025年5月14日公开开庭审理了该案。庭审中，检察机关出示了相关证 据，被告人李全及其辩护人进行了质证，控辩双方在法庭的主持下充分发 ...

Core Viewpoint - The case of Li Quan, former chairman of New China Life Insurance Co., highlights significant corruption within the company, resulting in severe legal consequences for the individual involved [1][5]. Summary by Sections Case Details - Li Quan was sentenced to life imprisonment for embezzlement and death penalty with a two-year reprieve for bribery, along with the confiscation of all personal property [1]. - The court found that from June 2015 to March 2024, Li Quan illegally appropriated business profits totaling over 108 million RMB through deceitful means [3]. - From 2010 to 2023, he received bribes amounting to over 105 million RMB by leveraging his position to assist various entities in business collaborations and fund subscriptions [3]. Court Ruling - The court deemed Li Quan's actions as constituting both embezzlement and bribery, with particularly large amounts causing significant losses to the state and public interests, warranting severe punishment [5]. - Mitigating factors included his confession, cooperation with authorities, and the return of embezzled and bribed funds, which led to a lighter sentence [5]. Trial Proceedings - The trial was held on May 14, 2025, with evidence presented by the prosecution and Li Quan's defense team engaging in cross-examination [7]. - The proceedings were attended by over 30 individuals, including representatives from the National People's Congress, political advisors, and family members of the defendant [7].

（文章来源：央视新闻） 2025年11月19日，山东省济南市中级人民法院一审公开宣判新华人寿保险股份有限公司原党委书记、董 事长李全贪污、受贿案，对被告人李全以贪污罪判处无期徒刑，剥夺政治权利终身，并处没收个人全部 财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产，决定执行死 刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产。对追缴在案的李全贪污所得财物返还 被害单位，不足部分继续追缴，对追缴在案的李全受贿所得财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事长， 新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺骗、隐瞒等 手段，非法占有相关业务收益，共计折合人民币1.08亿余元。2010年至2023年，李全利用职务上的便 利，为有关单位和个人在业务合作、基金认购等方面提供帮助，单独或伙同他人非法收受财物共计折合 人民币1.05亿余元。 济南市中级人民法院认为，被告人李全的行为构成贪污罪、受贿罪，且数额均特别巨大，使国家和人民 利益遭受特别重大损失，均应依法惩处，并予数罪 ...

Core Viewpoint - Xinhua Insurance's stock price has shown a significant increase of 43.28% year-to-date, despite a slight decline in recent trading days, indicating a volatile but generally positive market sentiment towards the company [1][2]. Financial Performance - As of September 30, 2025, Xinhua Insurance reported a net profit of 32.857 billion yuan, reflecting a year-on-year growth of 58.88% [2]. - The company has cumulatively distributed dividends amounting to 35.939 billion yuan since its A-share listing, with 13.913 billion yuan distributed over the past three years [3]. Shareholder Information - The number of shareholders for Xinhua Insurance reached 81,900, an increase of 34.15% compared to the previous period, while the average number of circulating shares per person decreased by 25.55% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 36.4478 million shares, a decrease of 24.0617 million shares from the previous period [3]. Stock Market Activity - On November 19, Xinhua Insurance's stock price rose by 2.03%, reaching 68.36 yuan per share, with a total market capitalization of 213.252 billion yuan [1]. - The trading volume indicated a net inflow of 671,900 yuan from main funds, with significant buying and selling activity observed [1].

经济观察网 近日，新华人寿保险股份有限公司凭借在优质运营、创新突破、服务升级、品牌影响力构 建以及企业社会责任履行等多领域的出色表现，成功入围《经济观察报》2025美好生活年度企业榜单。 此次评选深度聚焦高质量发展与消费升级的时代大势，旨在挖掘在新消费浪潮中积极践行高质量发展理 念、推动消费升级创新的企业，为行业树立标杆典范，进而推动新消费行业持续、健康、高质量发展。 ...

Market Overview - On November 18, global financial markets experienced a collective decline due to multiple factors affecting market risk sentiment, with Hong Kong's three major indices showing weakness throughout the day. The Hang Seng Index fell by 1.72%, closing below the 26,000-point mark, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index dropped by 1.65% and 1.93%, respectively [1][2]. Sector Performance - Concerns over overvaluation in artificial intelligence have led to a continued decline in technology stocks. The spot gold price briefly fell below $4,000, causing significant drops in gold and non-ferrous metal stocks, with Lingbao Gold experiencing a nearly 9% decline. The steel sector also faced notable declines due to significant price drops throughout the year [2][5]. - The steel sector led the declines, with China Hanking down over 9%, Maanshan Iron & Steel down over 7%, and several other steel companies experiencing declines of over 5%. A report from CITIC Construction indicated that the steel price is expected to decline significantly by 2025 due to supply-demand mismatches and weakened cost support [5][6]. - The gold sector saw substantial losses, with Lingbao Gold down nearly 9% and other gold mining companies also experiencing declines of over 5% [6][8]. - The lithium battery sector continued to decline, with major companies like Cai Ke New Energy and Zhong Chuang Innovation falling over 10% and 8%, respectively [10]. - The automotive sector faced a downturn, with sales data indicating a 0.8% year-on-year decline in retail sales for October, and a significant drop in November sales figures [11][12]. Investment Trends - Southbound funds recorded a net inflow of HKD 7.466 billion, with the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect seeing net purchases of HKD 2.745 billion and HKD 4.721 billion, respectively [15]. - Looking ahead, Guosen Securities noted that the upcoming Central Economic Work Conference in December will set the tone for macro policies and key tasks for the following year, influencing investment strategies and stock valuations [17].