截至目前，人保财险重庆分公司"新重庆人才险"已承办136家科技创新企业的财产一切险，累计保额约 128亿元；承保人才意外伤害保险业务793笔，累计保额超18亿元。 人保财险重庆分公司相关负责人表示，下一步，公司将加强与各区(县)行业主管部门和科研院所、科技 企业、高校、医疗机构等人才集聚单位的对接，聚力做好赋能人才创新创业的金融服务，助推地方政府 和企事业单位吸引人才、留住人才和用好人才。(人保财险重庆分公司) 近日，"新重庆人才险"在重庆巴南区落地，人保财险重庆分公司为巴南区115名人才提供风险保障约 8070万元，覆盖意外身故、残疾给付，意外医疗费用补偿等保障责任，为当地人才创新创业注入活力。 据介绍，人保财险巴南属地机构在巴南区卫生医疗系统试点推行"新重庆人才险"统保，迭代升级人才金 融服务，为人才打造"健康有保障、创业无顾虑"的坚实后盾，提升人才的归属感和荣誉感，优化当地人 才生态与营商环境。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-bank financial sector [7] Core Insights - The non-bank sector has shown weak overall performance this week, but some companies have disclosed high profit growth forecasts for 2025. The China Securities Regulatory Commission (CSRC) has issued guidelines to promote the return to fundamentals in the public offering securities investment fund industry, which is expected to drive long-term stable development [2][4] - The market trading volume has decreased, yet remains at historically high levels. The report suggests monitoring the sector's future performance [4] - In the insurance sector, the third-quarter reports have confirmed the logic of deposit migration, increased equity allocation, and improved new policy costs. The certainty of ROE improvement has increased, and valuations are expected to accelerate recovery [4] - The report highlights the increasing cost-effectiveness of overall allocations and ongoing revaluation in the sector [4] Summary by Sections Non-Bank Sector Performance - The non-bank financial index decreased by 1.5% this week, with an underperformance of 0.8% relative to the CSI 300, ranking 29th out of 31 sectors [5] - Year-to-date, the non-bank financial index has decreased by 1.6%, underperforming the CSI 300 by 3.1% [5] Market Overview - The average daily trading volume in the two markets was 27,988.78 billion yuan, down 19.23% week-on-week, with a daily turnover rate of 2.68%, down 68.47 basis points [5] - The leverage capital scale has rebounded, with a margin balance of 2.72 trillion yuan, up 0.23% [5] Insurance Sector Insights - The cumulative insurance premium income for November 2025 reached 57,629 billion yuan, a year-on-year increase of 7.56% [23] - Life insurance income was 41,472 billion yuan, up 9.06% year-on-year, while property insurance income was 16,157 billion yuan, up 3.88% [24] Company Recommendations - The report recommends companies with stable profit growth and dividend rates, including Jiangsu Jinzu, China Ping An, and China Pacific Insurance, due to their strong business models and market positions [4] - Additional recommendations include New China Life, China Life, Hong Kong Exchanges and Clearing, CITIC Securities, Dongfang Caifu, Tonghuashun, and Jiufang Zhitu Holdings based on performance elasticity and valuation levels [4]

Investment Rating - The report maintains a "Recommend" rating for the non-bank financial sector, indicating a positive outlook for investment in this area [1][8]. Core Insights - The non-bank financial sector is experiencing a continued high level of activity, with significant increases in holdings in both the brokerage and insurance segments. The brokerage sector's holdings increased to 0.99%, while the insurance sector saw a substantial rise to 2.04% [1][7]. - The overall fund net asset value reached 36.8 trillion yuan, reflecting a year-on-year growth of 14% and a quarter-on-quarter increase of 2% [12]. - The brokerage sector is expected to benefit from improved market conditions, with a projected net profit increase of 26% year-on-year for Q4 2025 [19][20]. - The insurance sector is poised for strong performance in 2026, driven by favorable market conditions and a significant increase in new policy premiums [22][23]. Summary by Sections Public Fund Market Size - As of Q4 2025, the total net asset value of public funds was 36.8 trillion yuan, with a year-on-year increase of 14% and a quarter-on-quarter increase of 2% [12]. - The non-monetary fund size reached 21.7 trillion yuan, growing 16% year-on-year [12]. Non-Bank Sector Holdings Analysis Brokerage Sector - The brokerage sector's holdings increased to 0.99%, up 0.1 percentage points from the previous quarter, with a total of 7.71 billion shares held, reflecting a 17.9% quarter-on-quarter increase [20]. - Major brokerages such as CITIC Securities and Guotai Junan saw significant increases in their holdings, with respective increases of 0.14 and 0.07 percentage points [20][21]. Insurance Sector - The insurance sector's holdings rose to 2.04%, a significant increase of 0.97 percentage points from the previous quarter, exceeding the benchmark allocation [23]. - Key players like Ping An and China Life experienced notable increases in their holdings, with Ping An's allocation rising by 0.68 percentage points [23]. Investment Recommendations - The report suggests focusing on key stocks within the brokerage sector, including Guotai Junan, CITIC Securities, and Huatai Securities, as well as major insurance companies like Ping An and China Life [8].

Investment Rating - The report maintains a "Buy" rating for the insurance sector, expecting a robust growth in premiums for listed insurance companies in 2025 [1][4]. Core Insights - The insurance index decreased by 4.04%, underperforming the market by 3.42 percentage points, with mixed performances among individual stocks [1]. - The China Insurance Association indicated that the current standard interest rate for ordinary life insurance is 1.89% [2]. - China Taiping announced a significant profit increase for 2025, projecting a rise of approximately 215% to 225% compared to 2024, driven by improved net investment income and favorable tax policies [2]. - The health insurance sector has seen an average compound annual growth rate of over 20% in the past decade [2]. - Agricultural insurance premiums in China have surpassed 155 billion yuan, with nearly 80% coming from government subsidies [2]. Summary by Sections Premium Growth Projections - In 2025, New China Life is expected to achieve premiums of 195.9 billion yuan, a year-on-year increase of 14.9%, with a "front-high and back-stable" growth pattern anticipated [3]. - China Pacific Insurance is projected to reach total premiums of 461.7 billion yuan, a 4.4% increase year-on-year, with life insurance being the main growth driver [3]. - ZhongAn Online is expected to achieve premiums of 35.6 billion yuan, reflecting a year-on-year growth of 6.7% [3]. Market Dynamics - The report anticipates steady premium growth for listed insurance companies in 2025, primarily driven by life insurance and the expansion of distribution channels [4]. - The property insurance sector is expected to show varied performance, influenced by adjustments in non-auto insurance business [4]. Investment Recommendations - The insurance sector has experienced two weeks of adjustments, mainly due to a slowdown in growth and high valuations [4]. - The report suggests that the performance of listed insurance companies in 2025 will be primarily driven by investment returns, with a favorable outlook for the first half of 2026 [4]. - The report highlights the potential for price-to-earnings value (PEV) ratios to recover, with estimates for major life insurance companies indicating potential increases above 1x [4]. Valuation Metrics - The report provides PEV valuations for major life insurance companies, with China Life at 0.87x, New China Life at 0.86x, and Ping An at 0.77x [4]. - For property insurance, the report lists valuations with China Property at 1.15x and PICC at 1.26x [5].

二十届四中全会明确要求"加快经济社会发展全面绿色转型"、"积极稳妥推进和实现碳达峰"，为绿色金融发展指明了方向。 人保财险在绿色金融领域布局已久，已将绿色金融纳入公司中长期战略规划，制定绿色金融三年发展规划，形成适配碳达峰碳中和"1+N"政策体系的"双 碳"保险产品供给体系。 面对国家"双碳"目标带来的新挑战，福建三明一家冶炼企业因创新保险方案而吃下"定心丸"，在绿色转型道路上迈出更加坚定的步伐。 2026年1月，人保财险福建三明分公司签发全国首单钢铁、水泥、铝冶炼行业碳超排费用损失保险，为当地某重点企业提供100万元专项风险保障。这一创 新产品将帮助企业应对碳排放超标风险，为高耗能行业绿色转型提供可复制、可推广的解决方案。 三明市近年来积极探索生态优先、绿色发展新路径。同时，作为福建省重要工业基地，三明钢铁、水泥、铝冶炼等产业根基深厚。在国家"双碳"战略推进 进程中，这些高耗能行业面临更为严格的碳排放总量核定管控，企业绿色转型需求迫切。 此次人保财险推出的碳超排费用损失保险，创新性将"碳超排费用损失"纳入保障范畴，聚焦企业生产经营中因自然灾害或意外事故造成的节能减排设备损 坏导致的碳超排费用损失。这一产品有 ...

Investment Rating - The insurance industry is rated as "Recommended" for the next 3-6 months, with expectations that the industry index will outperform the benchmark index by more than 5% [21]. Core Insights - The insurance sector is expected to see steady premium growth in 2025, with significant contributions from bancassurance channels and the expansion of distribution networks [4][3]. - The report highlights that the average premium growth for listed insurance companies in 2025 is projected to be robust, driven by factors such as improved investment returns and favorable tax policies [2][4]. - The report notes that the health insurance sector has experienced an average compound annual growth rate of over 20% in the past decade, indicating strong market potential [2]. Summary by Sections Market Performance - The insurance index decreased by 4.04% this week, underperforming the broader market by 3.42 percentage points [1]. - Individual stock performances varied, with notable declines in companies like China Life (-3.77%) and Ping An (-3.66%), while China Taiping showed a significant increase of 8.78% [1]. Company-Specific Insights - China Taiping is expected to see a substantial increase in its annual profit, projected to grow by approximately 215% to 843.2 million HKD in 2025, driven by enhanced net investment income and favorable tax policies [2]. - New China Life's premiums are expected to reach 195.9 billion CNY in 2025, reflecting a year-on-year growth of 14.9% [3]. - China Pacific Insurance's total premiums are projected to be 461.7 billion CNY, with a growth rate of 4.4%, supported by an 8.1% increase in life insurance premiums [3]. Investment Recommendations - The report suggests that the insurance sector has undergone two weeks of adjustments, primarily due to a slowdown in the "New Year" growth and high valuations [4]. - For the medium term, the first half of 2026 is expected to have relatively low base pressure, with an active equity market and a thriving liability side likely to drive performance beyond expectations [4]. - The report indicates that the current stabilization trend in long-term interest rates significantly alleviates pressure on interest spreads, suggesting potential for price-to-earnings value (PEV) ratios to recover towards 1x [4]. Valuation Metrics - The report provides PEV valuations for various companies, indicating that China Life is at 0.87x, New China Life at 0.86x, and Ping An at 0.77x [4]. - For property and casualty insurance, the report lists China Re at 0.60x and China Pacific at 1.09x, with a recommendation order favoring China Taiping and China Ping An [5].

2025年召开的中央经济工作会议、中央农村工作会议对做好"三农"工作作出了系统部署。近年来，我国 农业保险保费规模稳步提高，保障水平持续提升，有效服务乡村全面振兴。来自国家金融监督管理总局 的数据显示，"十四五"时期，保险业累计赔付9万亿元，较"十三五"时期增长61.7%，农业保险为8亿户 次农户提供风险保障。 2025年12月份，平安产险承保的咖啡种植完全成本保险在云南省普洱市孟连傣族拉祜族佤族自治县落 地。该保险首单承保咖啡种植面积3000亩，提供风险保障900万元，项目计划总承保面积3万亩。此举标 志着当地在已有咖啡种植物化成本保险、价格指数保险、气象指数保险的基础上，进一步构建起多层 次、广覆盖、可持续的咖啡产业保险保障体系。平安产险普洱中心支公司总经理和义昌介绍，此次保险 试点还构建"农业保险+信贷"协同模式。平安产险普洱中心支公司投入乡村振兴资金120万元，与孟连农 商行深化合作，专项用于投保咖农的贷款贴息及水肥一体化系统建设。通过保险增信、信贷贴息双向发 我国地域辽阔，农业生产受天气变化和地理位置影响呈现出巨大差异。随着农业保险从"保成本"向"保 收入"加速转型，解决与农业生产密切相关的大灾风险 ...

格隆汇1月26日丨根据联交所最新权益披露资料显示，2026年1月21日，中国财险(02328.HK)遭The Capital Group Companies, Inc.在场内以每股均价16.0336港 元减持1229.4万股，涉资约1.97亿港元。 | 股份代號: | 02328 | | --- | --- | | 上市法國名稱: | 中國人民財產保險股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 26/12/2025 - 26/01/2026 | | 長格序號 | 大股東/董事/最高行政人員名稱作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | --- | | | 股份數目 | | | ( 請參閱上述 * 註 | 有投票權股 (日 / 月 / 年) | | | | | | | 份自分市 | | | | | | | 96 | | CS20260123E00024 | The Capital Group 12,294,000(L | 1201(L) | HKD 1 ...

近日，《深圳市关于保险业助力科技创新和产业发展的行动方案（2026—2028年）（征求意见稿）》 （以下简称《行动方案》）正式向社会公开征求意见，系统勾勒出未来三年保险业赋能科技创新、服 务"20+8"产业集群的路线图。 值得关注的是，《行动方案》专门将"加强人工智能风险保障"和"加快推动低空保险发展"列为重点任 务，推动保险从传统的风险承担者，转向产业创新的"稳定器"与"助推器"。深圳，这座以科技创新立身 的城市，正通过构建与新兴产业相匹配的现代金融保险服务体系，为新质生产力的发展筑牢风险防线。 【导读】《深圳市关于保险业助力科技创新和产业发展的行动方案（2026—2028年）（征求意见稿）》 发布，力促保险创新护航新质生产力高质量发展 设立人工智能保险创新中心 为AI筑牢"防火墙" 人工智能是深圳发展新质生产力的核心引擎。2024年，深圳人工智能产业规模已突破3600亿元，占全国 比重超过12.7%。然而，技术迭代快、风险不确定性强等特性，也让许多企业在创新路上"走得战战兢 兢"。 为此，《行动方案》明确提出，鼓励保险机构加快设立人工智能保险创新中心，聚焦人工智能全产业链 风险，开发覆盖"基础层－技术层－ ...

【导读】《深圳市关于保险业助力科技创新和产业发展的行动方案（2026 — 2028年）（征 求意见稿）》发布，力促保险创新护航新质生产力高质量发展 中国基金报记者 郭玟君 近日，《深圳市关于保险业助力科技创新和产业发展的行动方案（2026 — 2028年）（征求 意见稿）》（以下简称《行动方案》）正式向社会公开征求意见，系统勾勒出未来三年保险 业赋能科技创新、服务"20+8"产业集群的路线图。 值得关注的是，《行动方案》专门将"加强人工智能风险保障"和"加快推动低空保险发展"列 为重点任务，推动保险从传统的风险承担者，转向产业创新的"稳定器"与"助推器"。深圳， 这座以科技创新立身的城市，正通过构建与新兴产业相匹配的现代金融保险服务体系，为新 质生产力的发展筑牢风险防线。 设立人工智能保险创新中心 为AI筑牢"防火墙" 人工智能是深圳发展新质生产力的核心引擎。2024年，深圳人工智能产业规模已突破3600亿 元，占全国比重超过12.7%。然而，技术迭代快、风险不确定性强等特性，也让许多企业在 创新路上"走得战战兢兢"。 为此，《行动方案》明确提出，鼓励保险机构加快设立人工智能保险创新中心，聚焦人工智 能全产业 ...