刘智勇，男，1972年3月出生，中国国籍。刘智勇自2024年3月起担任新华保险总裁助理。刘智勇现任新 华保险党委组织部部长，兼新华党校副校长、新华保险干部研修院常务副院长。刘智勇曾任中国投资有 限责任公司人力资源部高级经理、研究规划组组长，中央汇金投资有限责任公司证券机构管理部／保险 机构管理部派出监事，新华保险人力资源部总经理。刘智勇曾就职于中国人民财产保险股份有限公司 （香港联合交易所股份代码：02328）。刘智勇于2017年1月取得中国人民大学管理学博士学位，具有经 济师资格。 （责任编辑：马欣） 中国经济网北京4月17日讯 新华保险(601336.SH)昨日晚间发布公告称，公司于近日收到国家金融监督管 理总局（以下简称"金融监管总局"）《关于刘智勇新华人寿保险股份有限公司董事会秘书任职资格的批 复》（金复[2025]237号），金融监管总局已核准刘智勇担任公司董事会秘书的任职资格，刘智勇董事 会秘书的任职自2025年4月10日起生效。 相关人员简历： ...

中国经济网北京4月29日讯 国家金融监督管理总局网站近日发布的国家金融监督管理总局牡丹江监管分局行政处罚信息公开表（牡金监 罚决字〔2025〕20号）显示，新华人寿保险股份有限公司牡丹江中心支公司内控制度执行不到位，被警告并罚款1万元。 | 序 | 当事人名 | 行政处罚决定 | 主要违法违规行为 | 行政处罚 | 作出决定 | | --- | --- | --- | --- | --- | --- | | 름 | 称 | 书文号 | | 内容 | 机关 | | 1 | 中意人寿 保险有限 | | 内控制度执行不到位 | 警告并罚 款1万元 | | | | 公司黑龙 | 牡金监罚决字 | | | #1564# | | | 江省分公 | (2025) 19 | | | 融监管分 | | | 司材丹江 | 글 | | | 局 | | | 中心支公 | | | | | | | 司 | | | | | | 2 | 新华人寿 保险股份 有限公司 | 牡金监罚决字 (2025) 20 | | | #1500# 融监管分 | | | | | | 警告并罚 | | | | | | | 款1万元 | | | | #母江中 | ...

Core Viewpoint - Xinhua Insurance plans to invest up to 10 billion yuan in a private equity fund named Guofeng Xinghua Honghu Zhi Yuan Phase II, which has a total scale of 20 billion yuan, focusing on large listed companies in the CSI A500 index [1][3]. Investment Fund Details - The fund will adopt a long-term investment strategy, utilizing low-frequency trading and long-term holding to achieve stable dividend income [2]. - Both Xinhua Insurance and China Life will contribute 10 billion yuan each to the fund, which has a duration of 10 years and can be extended [3]. - The fund will primarily invest in large A+H shares that meet specific criteria, including good corporate governance, stable operations, and relatively stable dividends [3]. - If there are idle funds, the private equity fund may invest in cash management products such as money market funds, bank deposits, and treasury reverse repos [3]. - The fund management fee is set at 0.1% per year, while the custody fee is 0.002% per year [3]. Long-term Investment Strategy - The Honghu Fund is seen as a significant innovation in long-term stock investment by insurance capital, with a focus on high-quality listed companies with good governance and stable operations [4]. - The first phase of the fund, with an investment of 50 billion yuan, has already been fully deployed, achieving performance that is lower in risk and higher in returns than the benchmark [4]. - The fund aims to combine long-term investment with active capital market participation, contributing to the experience of insurance capital in long-term and value investing [4]. Industry Trends - The Honghu Fund is part of a broader initiative to reform long-term investment by insurance capital, adapting to new accounting standards and reducing the impact of short-term stock price fluctuations [5]. - A total of 60 billion yuan has been allocated for long-term investment reform trials by five insurance companies, which is expected to provide medium to long-term incremental funds to the capital market [6]. - The focus of these investments is on companies with stable fundamentals, clear business models, and strong dividend expectations, which may lead to reduced stock price volatility [6].

Core Viewpoint - New China Life Insurance (601336.SH) has reported strong financial performance for Q1 2025, with significant growth in premium income and net profit, indicating a robust business trajectory in the insurance sector [1][2]. Group 1: Q1 2025 Performance - In Q1 2025, New China Life achieved original insurance premium income of 73.218 billion yuan, a year-on-year increase of 28% [1] - The company reported operating revenue of 33.4 billion yuan, up over 26% year-on-year [1] - Net profit attributable to shareholders reached 5.882 billion yuan, reflecting a 19% increase compared to the previous year [1] - The first-year premium for long-term insurance was 27.236 billion yuan, showing a remarkable growth of 149.6% [1] - The first-year regular premium for long-term insurance was 19.471 billion yuan, with a year-on-year increase of 117.3% [1] Group 2: 2024 Annual Report - For the full year 2024, New China Life reported operating revenue of 132.555 billion yuan, an increase of 85.3% year-on-year [1] - The net profit attributable to shareholders for 2024 was 26.229 billion yuan, marking a substantial growth of 201.1% [1] - By the end of 2024, the company's net asset per share was 30.85 yuan, down 8.4% from the end of 2023 [1] - The company outperformed four other A-share listed insurance companies in net profit growth for 2024 [1] Group 3: Key Financial Metrics - In 2024, New China Life's original insurance premium income reached 170.5 billion yuan, total assets amounted to 1.69 trillion yuan, and net profit was 26.229 billion yuan, all setting historical highs [2] - The new business value for the year was 6.253 billion yuan, with a year-on-year growth of 106.8% [2] - The comprehensive investment return rate was 8.5%, a significant increase of 5.9 percentage points year-on-year [2] - The solvency adequacy ratio stood at 217.55%, with a core solvency adequacy ratio of 124.07% [2] - By the end of 2024, total assets were 1.692297 trillion yuan, and total liabilities were 1.596028 trillion yuan, resulting in a net asset of 96.269 billion yuan, down 8.4% from the previous year [2]

Core Viewpoint - New China Life Insurance (601336.SH) reported a significant increase in original insurance premium income for the period from January 1, 2025, to April 30, 2025, amounting to RMB 85.379 billion, representing a year-on-year growth of 27% [1] Summary by Relevant Sections - **Financial Performance** - The cumulative original insurance premium income for New China Life Insurance reached RMB 85.379 billion during the specified period, showing a 27% increase compared to the previous year [1] - **Strategic Initiatives** - The company emphasizes its commitment to a "customer-centric" strategy, enhancing its product system and ensuring a comprehensive product transformation [1] - The rapid growth in first-year premium income and continuous improvement in business quality are contributing to the sustained growth in company value [1] - **Internal Development** - The internal driving force for reform and development within the company has been further strengthened [1]

Core Points - The National Financial Supervision Administration recently published administrative penalty information regarding Xinhua Life Insurance Co., Ltd. [1] - Xinhua Life Insurance's Jixi branch and Liu Zhenguo were found to have provided benefits outside of the contract terms to policyholders [1] - The Jixi Financial Supervision Bureau imposed a fine of 120,000 yuan on Xinhua Life Insurance's Jixi branch and issued a warning along with a fine of 40,000 yuan to Liu Zhenguo [1] Company Summary - Xinhua Life Insurance Co., Ltd. (stock code: 601336.SH) is facing regulatory penalties due to violations related to providing unauthorized benefits to policyholders [1] - Liu Zhenguo held positions as the assistant general manager and later as the banking business department manager during the period of the violations [1] - The penalties were documented under administrative penalty decisions numbered Jiji Jin Jian Fa Jue Zi [2025] 6 and 7 [1]

Core Viewpoint - The China Insurance Regulatory Commission has approved Xinhua Insurance's participation in the third batch of long-term investment reform pilot programs, with plans to establish the Honghu Fund Phase III in collaboration with China Life and other institutions [1] Group 1: Honghu Fund Initiatives - Honghu Fund Phase I was established with a total capital of 50 billion yuan, contributed equally by China Life and Xinhua Insurance, focusing on key industries related to national economy and people's livelihood [2] - Honghu Fund Phase II involves a total investment of 20 billion yuan, with both Xinhua Insurance and China Life contributing 10 billion yuan each, targeting large listed companies that meet specific governance and operational criteria [3] - The third phase of the Honghu Fund will continue to adhere to principles of marketization, rule of law, and long-term investment, focusing on stable dividend returns from blue-chip stocks [1][3] Group 2: Investment Strategy and Market Impact - The insurance capital market is expanding, with regulatory bodies emphasizing the need for increased long-term investments to inject more capital into the market [4] - Xinhua Insurance aims to enhance its investment management through strategic and tactical asset allocation, focusing on long-term growth and diversification to benefit from China's economic growth [5] - The ongoing operation of the Honghu Fund and the influx of more medium- to long-term capital are expected to support the capital market's transition to a new phase of high-quality development [5]

中国经济网北京6月6日讯 国家金融监督管理总局云南监管局网站昨日披露的云南金融监管局行政 处罚信息公示列表显示，新华人寿保险股份有限公司（证券简称：新华保险，601336.SH）云南分公司 及相关责任人未按照规定使用经备案的保险条款。云南金融监管局对新华保险云南分公司处以罚款12万 元；对责任人张泽雁予以警告并罚款1万元。 此外，新华保险昆明中心支公司及相关责任人编制虚假投保资料、对保险条款内容做引人误解的宣 传。云南金融监管局对新华保险昆明中心支公司予以警告并罚款13万元；对责任人郝学孝、韩肖楠、薛 玉涛予以警告并罚款合计2.5万元。 （责任编辑：蔡情） 以下为处罚原文： ...

中国经济网北京6月9日讯 近日，国家金融监督管理总局湖北监管局披露的行政处罚信息公开表显 示，新华人寿保险股份有限公司湖北分公司因管理不善导致许可证遗失，遗失许可证未按规定向发证机 关报告，被湖北金融监管局警告并罚款2万元。 （责任编辑：李荣） | 序 | 当事人名 | 主要违法违规行为 | 行政处罚内容 | 作出决定 | | --- | --- | --- | --- | --- | | 를 | 称 中国人寿 | | | 机关 | | 1 | 保险股份 | 因管理不善导致许可 未按规定向发证机关 报告 | | 湖北金融 监管局 | | | | 证遗失,遗失许可证 | | | | | 有限公司 | | | | | | 武汉市分 | | 警告并罚款2万元 | | | | 公司江岸 | | | | | | 营销服务 | | | | | | 場 | | | | | 2 | 新华人寿 保险股份 | 因管理不善导致许可 证遗失,遗失许可证 | 警告并罚款2万元 | 湖北金融 | | | 有限公司 | | | | | | | 未按规定向发证机关 | | 监管局 | | | 湖北分公 | 报告 | | | | | 司 | ...

Core Viewpoint - The insurance giant Xinhua Insurance plans to invest up to 15 billion yuan in a private equity fund initiated by Guofeng Xinghua, responding to national policies promoting long-term capital market investments [1][2]. Group 1: Fund Details - The private equity fund, tentatively named Guofeng Xinghua Honghu Zhi Yuan Phase III, has a total size of 22.5 billion yuan, with Xinhua Insurance and China Life each committing 11.25 billion yuan [2]. - The fund's investment focus will be on large listed companies that are part of the CSI A500 index, specifically A+H shares that meet certain criteria [2][3]. - The fund aims to adopt a long-term investment strategy, emphasizing low-frequency trading and stable dividend income [2]. Group 2: Industry Trends - Multiple insurance companies are increasingly participating in long-term investment trials, with Xinhua Insurance and China Life being among the first institutions to engage in these initiatives [3]. - The total approved amount for the third batch of long-term investment trials is 40 billion yuan, with various insurance firms, including smaller ones, also participating [3]. - The acceleration of insurance capital entering the market is expected to enhance the supply structure of capital in the market, providing long-term incremental funds [4][5]. Group 3: Regulatory and Financial Implications - The trial funds primarily target the secondary stock market for long-term holding, which is beneficial for expanding "patient capital" in the capital market [4]. - The trial framework may help insurance companies mitigate the impact of equity market fluctuations on their profit statements and improve capital adequacy [5]. - The long-term stock investment trials are anticipated to increase the allocation of equity assets, addressing the mismatch between asset and liability durations for life insurance policies [5].