（原标题：险企发债观察：发行规模仍居历史高位 永续债占比接近七成） 21世纪经济报道记者 叶麦穗 "为什么永续债几乎成了大型寿险和银行系险企的专属点心？" 南开大学金融发展研究院院长田利辉此前接受采访时表示，对险企而言，是否发行永续债取决于公司的 战略规划和资金需求。永续债具有长期性、无到期日的特点，有助于险企稳定资金来源，优化债务结 构。但是，险企同时也要考虑市场的接受问题、利息的支付压力和估值波动的风险等因素。 2025年以来，保险公司掀起新一轮"发债潮"。据不完全统计，截至11月26日，已有17家保险公司发行了 663.7亿元债券，其中资本补充债191亿元，永续债472.7亿元，其中永续债在全年发债总额中占比高达 71.2%，远超去年约25%的水平，增长势头迅猛。 与 2024 年"百亿级"大单频出不同，2025 年迄今仅平安人寿一家跨过百亿红线；去年动辄百亿的人保财 险、新华人寿等今年均未再现大手笔。隋东判断，去年四季度以来投资端回暖，行业偿付能力普遍"回 血"，资本补充节奏随之放缓。 金融监管总局最新季报显示，2025 年三季度末，保险业综合偿付能力充足率 186.3%，核心偿付能力充 足率 134 ...

Core Viewpoint - The article discusses the response of various insurance companies to a severe fire incident in Hong Kong, highlighting the importance of insurance in disaster recovery and urban safety [2][5]. Insurance Coverage Details - China Taiping Insurance (Hong Kong) provided comprehensive property insurance for the affected estate, with a total compensation cap of 2 billion HKD [3][4]. - The insurance includes coverage for public areas and public liability insurance, with specific compensation limits: 10 million HKD for personal injury per incident and 20 million HKD for third-party liability [3][4]. Emergency Response by Insurance Companies - Multiple insurance companies, including China Life (Overseas) and Ping An Life, activated emergency claims procedures to ensure rapid support for affected families [5]. - Ping An announced the establishment of emergency response teams and initiated a green channel for customer service to facilitate claims [5]. Urban Safety and Insurance Role - The article emphasizes the need for enhanced urban safety and risk prevention measures, positioning insurance as a critical component in disaster recovery and urban resilience [5][6]. - It advocates for comprehensive insurance coverage for residential and commercial buildings, alongside improved claims processes to better support disaster recovery efforts [6]. Future Directions for Insurance in Urban Governance - The article calls for deeper integration of insurance mechanisms into urban governance and planning, encouraging innovation in insurance products and services to extend beyond post-disaster compensation to proactive risk management [6].

Core Points - A fire in Hong Kong's Tai Po district resulted in 55 fatalities, as reported by the Hong Kong Fire Services Department [1] - The affected residential complex, Wang Fuk Court, had previously discussed insurance matters for the years 2025-2026, opting to continue coverage with China Taiping Insurance (Hong Kong) Co., Ltd. [1] - The total insurance premium for the residential complex is HKD 337,700 for two years, covering various aspects including property, public liability, cash, and personal accident insurance [1][2] Insurance Coverage Details - The property and public area insurance has a coverage amount of HKD 2 billion, with a premium of HKD 240,200 for two years [1] - Public liability insurance includes personal injury liability of HKD 10 million per incident and general liability of HKD 200 million per incident, with respective premiums of HKD 20,000 and HKD 70,000 for two years [1] - Cash insurance covers amounts during transport and in locked drawers or safes, with coverage amounts of HKD 100,000 and HKD 30,000, each with a premium of HKD 3,503.5 for two years [1][2] Emergency Response by Insurance Companies - Multiple insurance companies activated emergency response plans following the fire incident [3] - China Life Insurance (Overseas) Co., Ltd. announced the initiation of simplified claims procedures and proactive outreach to policyholders [3] - Ping An Life and Ping An Property & Casualty also established emergency response teams to manage the situation promptly [3] -招商仁和人寿 set up a management team for emergency response, offering expedited claims processing without the need for documentation for confirmed victims [3]

一、同意撤销中国平安（601318）人寿保险股份有限公司庆阳中心支公司西峰营销服务部。 二、接此批复文件后，平安人寿甘肃分公司庆阳中心支公司西峰营销服务部应立即停止一切经营活动， 于15个工作日内向国家金融监督管理总局庆阳监管分局缴回许可证，并按照有关法律法规要求办理相关 手续。 2025年11月21日，国家金融监督管理总局庆阳监管分局发布批复称，《平安人寿甘肃分公司关于西峰营 销服务部撤销的请示》（平保寿甘分发〔2025〕1108号）收悉。经审核，现批复如下： 三、平安人寿甘肃分公司应当及时就撤销庆阳中心支公司西峰营销服务部事宜进行公告，并通知有关投 保人、被保险人或者受益人，对相关事宜应当充分告知，切实做好维护投保人、被保险人或者受益人的 相关权益工作。 ...

Core Insights - The conference held by Economic Observer focused on how Chinese enterprises can align with national strategies and innovate to overcome challenges in the digital economy and new production forces [1][2] - The honored companies were selected based on extensive research across thousands of enterprises and key industries, emphasizing their significant impact on China's economy and society [1] - The event highlighted the importance of high-quality development and the role of respected enterprises in driving growth across various sectors, particularly in high-end manufacturing and hard technology [1][2] Group 1: Respected Enterprises - The "2024-2025 Respected Enterprises" and "Respected Leading Enterprises" were recognized for their contributions to the economy, social trust, and innovation [1] - Notable companies included Anta, BYD, Huawei, JD.com, Meituan, Qingdao Beer, China Ping An, and China Feihe, reflecting a diverse range of industries from consumer goods to technology [1] - Companies like Haier Smart Home, Tianqi Lithium, and Prologis China were acknowledged for their special contributions in their respective fields [1] Group 2: Role of Enterprises in Society - Enterprises are seen as vital components of the market economy, contributing not only to economic growth but also to addressing social issues and creating value [2] - The concept of "respected" enterprises now includes a focus on long-termism and the overall welfare of stakeholders, beyond just shareholder returns [2] Group 3: Innovation and Quality - High-quality products and services are fundamental to the reputation of respected enterprises, reflecting their management capabilities and ethical standards [6] - The need for a supportive environment for innovation, including tolerance for failure and encouragement of strategic investments, is emphasized [5] Group 4: Financial Sector Insights - Beijing Bank reported significant growth in technology and green loans, indicating a commitment to supporting the real economy [8] - China Ping An highlighted the transformative potential of AI in the financial sector, focusing on customer-oriented strategies and the integration of advanced technologies [12] Group 5: Regulatory Environment - The importance of antitrust compliance in enhancing product quality and driving industries towards higher standards was discussed [13] - Antitrust laws are seen as catalysts for innovation and quality improvement, helping to eliminate market stagnation caused by monopolistic practices [13] Group 6: Future Outlook - The development of new productive forces through technological self-reliance and innovation is identified as a strategic foundation for enterprises [18] - China's advancements in computing infrastructure and AI technology are expected to disrupt various industries and create new growth opportunities [18]

记者日前从平安集团旗下平安养老险获悉，针对数据存储服务中的痛点，平安养老险围绕信创转型、绿 色低碳、业务连续性和数据安全等核心需求，开启"新一代数智驱动的数据存储一体化"项目攻关，通过 存储技术的突破和创新，设计了一套一体化存储解决方案，实现了异构存储的集中池化管理、场景化服 务交付以及一站式运维管理等20项技术创新，有效解决了存储管理中的体验难、成本难和安全难问题, 显著提升了存储效率、安全性和绿色节能水平。 "新一代数智驱动的数据存储一体化"的落地实施，不仅使平安养老险年金业务发展获得支持和提升，也 切实更安全地帮助每一位客户守护"养老钱"。平安养老险在提升金融业务数据保护效率、质量和成本的 同时，增强了对勒索事件的防护，保护了客户数据资产的安全，确保年金业务安全平稳运作。数据显 示，平安养老险基于该方案的信创存储替换率已达到82%，为推动国产信创转型和绿色节能发挥了标杆 示范作用。 日前，中国人民银行公示"2024年度金融科技发展奖"获奖名单，平安养老险申报的"新一代数智驱动的 数据存储一体化"荣获"微创新奖"。未来，平安养老险将秉持"金融为民"初心、聚焦养老主业，持续深 化科技创新，以"国内领先的养老 ...

Core Viewpoint - A significant fire incident occurred in Hong Kong's Tai Po district, resulting in major casualties and prompting multiple insurance companies to activate emergency claims procedures for affected families [1] Insurance Industry Response - Several insurance companies, including China Life Overseas, Ping An Life, and China Merchants Jinhe Life, have initiated emergency response plans for the Tai Po fire incident [1] - The specific measures taken by these insurance companies include simplifying claims procedures, proactively verifying and contacting policyholders, and ensuring rapid claims processing to provide timely support to affected families [1]

Core Insights - The core strategy of the company is "AI in All," aiming to integrate artificial intelligence across the entire financial service chain and various scenarios [2][9] - The company has developed a leading AI capability, leveraging vast databases to enhance service experiences and drive digital transformation in finance, healthcare, and elderly care [1][6] Group 1: AI Strategy and Implementation - The company promotes a "Five Intelligence" strategy, utilizing AI models and big data to transition from experience-based to data-driven decision-making across its operations [2][6] - The AI applications are designed to enhance customer service, operational efficiency, and risk management, contributing to high-quality business development [2][3] Group 2: Customer-Centric Financial Services - The company serves nearly 250 million individual customers, using deep data insights to tailor personalized financial products and services [3][6] - By integrating financial services into everyday life scenarios such as housing, education, and retirement, the company aims to provide seamless and convenient financial solutions [3][4] Group 3: Technological Innovations in Healthcare - The company has launched a comprehensive AI medical product matrix, enhancing healthcare service capabilities and achieving a diagnostic accuracy rate of 93% across over 10,000 diseases [4][6] - The integration of AI in healthcare aims to provide extensive coverage and innovative insurance products, facilitating full-cycle health management for customers [3][4] Group 4: Operational Efficiency and Cost Reduction - The company has achieved a 94% instant underwriting rate for life insurance policies, significantly reducing operational costs [8] - AI-driven customer service has handled over 1.29 billion service requests, covering 80% of total customer service volume, leading to lower costs and faster response times [8] Group 5: Sales Enhancement and Market Positioning - AI tools have supported sales efforts, contributing to a sales assistance of 99.07 billion yuan and improving policy renewal rates by 23% [8] - The company is focused on transforming financial services from scale expansion to value creation, leveraging AI as a pivotal element in this transition [8][9]

作者：情报员 国家知识产权局信息显示，平安证券股份有限公司取得一项名为"一种AI模型文件的部署方法及存储介 质"的专利，授权公告号CN114239804B，申请日期为2021年12月。 天眼查资料显示，平安证券股份有限公司，成立于1996年，位于深圳市，是一家以从事资本市场服务为 主的企业。企业注册资本1380000万人民币。通过天眼查大数据分析，平安证券股份有限公司共对外投 资了52家企业，参与招投标项目1480次，财产线索方面有商标信息3条，专利信息287条，此外企业还拥 有行政许可31个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 ...

Short Selling Ratios - Geely Automobile-R (80175), Kuaishou-WR (81024), and JD Health-R (86618) have the highest short selling ratios at 100.00% each [1][2] - China Ping An-R (82318) has a short selling ratio of 89.61%, while SenseTime-WR (80020) and China Resources Beer-R (80291) follow with 89.27% and 75.13% respectively [2] Short Selling Amounts - Alibaba-SW (09988) leads in short selling amount with 3.768 billion, followed by Meituan-W (03690) at 2.272 billion and Xiaomi Group-W (01810) at 1.584 billion [3] - Tencent Holdings (00700) and AIA Group (01299) also feature in the top five with short selling amounts of 1.242 billion and 0.582 billion respectively [3] Short Selling Deviation Values - China Ping An-R (82318) has the highest deviation value at 64.42%, indicating significant divergence from its historical short selling average [4] - Geely Automobile-R (80175) and Kuaishou-WR (81024) follow with deviation values of 56.33% and 40.21% respectively [4] - Baidu Group-SWR (89888) also shows a notable deviation value of 36.29% [4]