孔强： 好的。所谓"非法代理退保黑灰产"，是指与保险领域相关的，利用非法手段谋取利 益，行走在法律边缘或者明显违反法律法规的一整套搅乱金融市场秩序的"产业链"。 说白了，就是存在一些机构或个人，以"帮你全额退保""退保新政策"为幌子，获得有退保需求 的消费者信任，骗签委托代理退保协议。这些黑灰产代理会诱导消费者采取非常规手段，如 虚构保险销售违规情形、虚假证明材料等，通过向监管投诉或举报、发布视频等，向保险公 司施压，以此获得超出保险合同约定范围的退保金额。 若消费者提出终止合作，黑灰产代理会以"曝光你隐私""去法院告你"，甚至骚扰消费者亲戚朋 友的方式，迫使消费者继续配合。而得手后，代理会依据协议收取占比颇高的费用，扣除这 笔所谓的"服务费"后，消费者实际获得的退保金额甚至会比正常退保少，却面临如财产受 损、失去保险保障、个人信息泄露等风险，甚至可能因参与不实投诉等行为承担相应的法律 责任，对保险市场的正常运行秩序产生极大影响。 主持人：听起来真是让人胆战心惊。那现在这些"退保黑中介"到底有多猖獗？他们是 怎么侵害消费者利益的？能不能通过有关的真实案例来说明一下被骗的后果？ 记者丨梁欣 主持人： 解读金融政 ...

Core Viewpoint - China Ping An is actively increasing its holdings in both insurance and banking stocks, indicating a strategic investment approach in the current low-interest-rate environment [1][7]. Group 1: Investment in Insurance Stocks - On September 11, China Ping An purchased 77.8092 million shares of China Pacific Insurance (H shares), raising its stake to 11.28% from 8.47% [2][3]. - The total investment in China Pacific Insurance since August has exceeded 5 billion HKD, with a significant increase in holdings over the month [4][6]. - China Ping An's strategy includes a series of incremental purchases, starting from an initial stake of 5.04% on August 8, which has now grown substantially [3][4]. Group 2: Investment in Banking Stocks - China Ping An has also been active in acquiring banking stocks, including 40.213 million shares of Agricultural Bank of China (H shares), increasing its stake to 18.07% [2][7]. - The company has invested over 100 billion HKD in banking stocks this year, reflecting a strong commitment to this sector [7]. - The investment strategy appears to be a "bulk buying" approach, focusing on stable and high-dividend yielding assets [7][8]. Group 3: Market Context and Strategy - The low-interest-rate environment and the implementation of new accounting standards have increased the demand for insurance companies to enhance investment returns through equity investments [7][8]. - Analysts suggest that the investment in insurance stocks by insurance funds is a continuation of a strategy to allocate more to high-dividend stocks under current market conditions [8][10]. - The overall trend shows a significant increase in equity investments by insurance companies, with a reported 25% growth in stock and fund investments year-on-year [10][11].

Group 1 - The A-share market has stabilized and become more active since the implementation of a comprehensive financial support package for high-quality economic development on September 24, 2024, leading to improved market expectations and confidence [1][3] - The China Securities Regulatory Commission (CSRC) aims to consolidate the positive momentum in the capital market, enhance its attractiveness and inclusiveness, and promote long-term, value, and rational investment philosophies [1][4] - The combination of regulatory guidance and financial support has transitioned market stabilization efforts from passive responses to proactive management, focusing on consistency in macro policy orientation [4][6] Group 2 - The influx of medium- and long-term funds is crucial for maintaining the long-term stability and health of the market, with various types of funds, including insurance and bank wealth management, increasingly entering the market [6][7] - Data shows that the total investment amount from five major listed insurance companies reached 18,464.29 billion yuan, a 28.71% increase from the beginning of the year, while the total scale of public funds surpassed 35 trillion yuan [6][7] - The establishment of long-term assessment mechanisms has improved the willingness of institutional investors to enter the market, leading to a concentration of funds towards high-quality assets [7][8] Group 3 - To sustain the positive trend in the capital market, it is essential to further improve stabilization mechanisms and continuously stimulate the market's internal growth potential [9] - The CSRC plans to deepen capital market reforms, cultivate long-term capital, and accelerate the entry of medium- and long-term funds into the market [9][10] - Recommendations include enhancing the scale and proportion of medium- and long-term funds entering the market, improving corporate governance, and increasing shareholder returns through dividends and buybacks [9][10]

Core Insights - The personal insurance industry is experiencing a rapid channel differentiation, with individual insurance channels showing a slowdown in growth while bancassurance channels are seeing significant increases in both premium scale and new business value [1][2][3] Bancassurance Channel Performance - Several major listed insurance companies reported impressive growth in their bancassurance channels, with some companies seeing new business value growth exceeding 100% year-on-year [1] - For instance, Ping An Life's new business value from bancassurance reached 5.972 billion yuan, a year-on-year increase of 168.6%; China Life's total premium from bancassurance was 72.444 billion yuan, up 45.7%, with new single premium increasing by 111.1% to 35.873 billion yuan; New China Life's first-year premium from long-term insurance via bancassurance was 24.939 billion yuan, up 150.3% [1][2] Regulatory Changes and Industry Dynamics - In May 2024, regulatory authorities lifted restrictions on the number of bank branches that can collaborate with insurance companies, leading to an increase in cooperative bank branches [2] - As of June 2025, Taiping Life's number of performance branches reached 13,000, a year-on-year increase of 28.9%, with a monthly average growth of 70.2% [2] Future Channel Strategies - Industry experts suggest that insurance companies will adopt a diversified channel strategy, emphasizing both bancassurance and individual insurance channels to enhance business stability and achieve long-term growth in new business value [3][4] - China Life's management indicated that the individual insurance channel will continue to play a core role, focusing on professionalization and diversification of business [4]

Core Viewpoint - The issuance of zero-coupon convertible bonds by Chinese insurance companies, such as China Pacific Insurance and Ping An, is becoming a new fundraising channel in the capital market, driven by low interest rates and a global search for quality assets [1][3]. Group 1: Financing Activities - China Pacific Insurance recently issued HKD 155.56 billion in zero-coupon convertible bonds, achieving a premium issuance with a conversion premium rate of 25% [3]. - Ping An also issued zero-coupon convertible bonds earlier this year, with a total principal amount of HKD 117.65 billion [3]. - The issuance of these bonds marks several records, including the first offshore convertible bond for state-owned financial enterprises listed both domestically and internationally, and the largest zero-coupon convertible bond in Hong Kong's history [3]. Group 2: Strategic Intentions - The funds raised from these bond issuances are intended to support the core insurance business and strategic developments of the companies [3]. - The insurance industry is facing increasing operational pressures, prompting companies to enhance their capital strength through various means, including issuing convertible bonds [5]. Group 3: Market Context - The current low domestic interest rates facilitate bond issuance, allowing companies to optimize their capital and debt structures while effectively enhancing capital strength [4]. - The trend of seeking overseas financing is expected to continue, as it provides access to a larger pool of funds and more flexible financing tools, especially for companies looking to expand internationally [6].

转自：新华财经 9月15日，一场以"保障金融权益 助力美好生活"为主题的大型校园金融安全教育活动在北京工商大学举行。本次活动由中国太保旗下太平洋健康险北京分公 司牵头，联合中国太保产险、中国太保寿险、长江养老在京机构共同举办。北京工商大学和中国太保在京机构负责人，北京市反诈中心专家以及数百名新生 出席活动。 打造常态化教育平台，树立校企合作新标杆 北京工商大学党委常委、宣传部长倪国华对与会嘉宾表示热烈欢迎。他指出，金融安全是研究生群体迈向社会不可或缺的"必修课"，并对中国太保寓教于 行、赋能教育的社会责任感和创新校企合作给予了高度评价。 同时，外场的"金融知识闯关"游园会也气氛火热。同学们通过参与趣味游戏、知识问答、打卡集章兑换礼品等互动环节，在轻松愉快的氛围中巩固所学知 识，进一步提升了风险辨别能力。 本次活动是中国太保深刻把握金融工作政治性、人民性，积极响应监管号召，践行企业社会责任的优秀实践。通过"行业协会指导、集团内部协同、校企深 度合作"的创新模式，成功构建了"学界、业界、警方"三方联动的金融安全教育新生态，实现金融教育与太保特色"服务人民、服务客户、服务基层"主题党 建活动相融相促，不仅为在校学生 ...

Group 1 - The core point of the article is that Shanghai International Group plans to transfer shares of China Pacific Insurance (Group) Co., Ltd. to support the optimization of state-owned capital layout and structural adjustment in Shanghai [1] - Shanghai International Group will transfer 55.59 million A-shares (0.58% of total share capital) to Jiushi Group and 10 million A-shares (0.10% of total share capital) to Electric Holdings [1] - After the transfer, Shanghai International Group's A-share holding in China Pacific Insurance will decrease from 1.69% to 1.01%, while its H-share holding remains unchanged at 2.21% [1] Group 2 - Jiushi Group's A-share holding in China Pacific Insurance will increase from 0.95% to 1.52% following the transfer [1] - Electric Holdings will become a new shareholder of China Pacific Insurance with a holding of 0.1% [1] - The share transfer is subject to approval from the Shanghai State-owned Assets Supervision and Administration Commission before implementation [1]

智通财经APP获悉，香港联交所最新资料显示，9月11日，Ping An Asset ManagementCo.,Ltd.增持中国太 保(02601)1542.9万股，每股作价33.043港元，总金额约为5.10亿港元。增持后最新持股数目约为2.51亿 股，最新持股比例为9.05%。 （原标题：Ping An Asset ManagementCo.,Ltd.增持中国太保(02601)1542.9万股 每股作价33.043港元） ...

香港联交所最新资料显示，9月11日，Ping An Asset ManagementCo.,Ltd.增持中国太保（601601） (02601)1542.9万股，每股作价33.043港元，总金额约为5.10亿港元。增持后最新持股数目约为2.51亿 股，最新持股比例为9.05%。 ...

Core Viewpoint - The equity adjustment of China Pacific Insurance (Group) Co., Ltd. involves the transfer of shares from Shanghai International Group to Jiushi Group and Shanghai Electric Holding Group to support the optimization of state-owned capital layout and high-quality development [1][2]. Group 1: Share Transfer Details - Shanghai International Group plans to transfer 55.59 million A-shares (0.58% of total shares) to Jiushi Group and 10 million A-shares (0.10% of total shares) to Shanghai Electric Holding Group [1]. - After the transfer, Shanghai International Group's A-share holding in China Pacific Insurance will decrease from 1.69% to 1.01%, while its H-share holding remains unchanged at 2.21% [1]. - Jiushi Group's A-share holding will increase from 0.95% to 1.52%, and Shanghai Electric Holding Group will become a new shareholder with a holding of 0.10% [2]. Group 2: Historical Context - The shares being transferred were originally received by Shanghai International Group from Jiushi Group in April 2021, when Jiushi Group transferred 160 million A-shares (1.66% of total shares) to Shanghai International Group [3]. - Following the previous transfer, Jiushi Group's holding decreased from 2.61% to 0.95%, while Shanghai International Group's holding increased from 0% to 1.66% [3]. - China Pacific Insurance, established in May 1991, is a leading comprehensive insurance group in China, offering a full range of insurance services and listed in Shanghai, Hong Kong, and London [3].