二、中国人寿保险股份有限公司榕江支公司应按照有关规定及时办理变更及许可证换领事宜。 2025年11月25日，黔东南金融监管分局发布批复称，《关于中国人寿（601628）保险股份有限公司榕江 支公司忠诚镇营销服务部变更营业场所的请示》（国寿人险东发〔2025〕163号）收悉。经审核，现批 复如下： 一、同意中国人寿保险股份有限公司榕江支公司将营业场所变更为：贵州省黔东南苗族侗族自治州榕江 县古州镇西环北路48号4楼。 ...

二、接此批复文件后，中国人寿保险股份有限公司永安市支公司第九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三明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。 一、同意撤销中国人寿保险股份有限公司永安市支公司第九营销服务部。 2025年11月27日，国家金融监督管理总局三明监管分局发布批复称，《关于撤销中国人寿（601628）保 险股份有限公司永安市支公司第九营销服务部的请示》（国寿人险闽发〔2025〕600号）收悉。经审 核，现批复如下： ...

一、同意撤销中国人寿保险股份有限公司永安市支公司第十五营销服务部。 2025年11月27日，国家金融监督管理总局三明监管分局发布批复称，《关于撤销中国人寿（601628）保 险股份有限公司永安市支公司第十五营销服务部的请示》（国寿人险闽发〔2025〕598号）收悉。经审 核，现批复如下： 二、接此批复文件后，中国人寿保险股份有限公司永安市支公司第十五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三明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。 ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 72.68%, Green Power Environmental (01330) at 69.12%, and Da Zhong Public Utilities (01635) at 69.03% [1] - Alibaba-W (09988), Meituan-W (03690), and Pop Mart (09992) saw the largest increases in holding amounts over the last five trading days, with increases of +3.329 billion, +1.319 billion, and +1.060 billion respectively [1] - The largest decreases in holding amounts were observed in Zijin Mining (02899) at -861 million, SMIC (00981) at -815 million, and Lenovo Group (00992) at -430 million [1][2] Hong Kong Stock Connect Holding Ratios - China Telecom (00728): 100.87 billion shares, 72.68% holding ratio [1] - Green Power Environmental (01330): 2.80 billion shares, 69.12% holding ratio [1] - Da Zhong Public Utilities (01635): 3.68 billion shares, 69.03% holding ratio [1] - Other notable companies include Haotian International Construction Investment (01341) at 68.75% and China Shenhua (01088) at 67.00% [1] Recent Increases in Holdings (Last 5 Trading Days) - Alibaba-W (09988): +3.329 billion, +21.6752 million shares [1] - Meituan-W (03690): +1.319 billion, +13.7526 million shares [1] - Pop Mart (09992): +1.060 billion, +4.9058 million shares [1] - Other companies with significant increases include ZTE Corporation (00763) and China Merchants Bank (03968) [2] Recent Decreases in Holdings (Last 5 Trading Days) - Zijin Mining (02899): -861 million, -26.2640 million shares [2] - SMIC (00981): -815 million, -12.1252 million shares [2] - Lenovo Group (00992): -430 million, -43.6821 million shares [2] - Other companies with notable decreases include China Mobile (00941) and China Pacific Insurance (02328) [2]

经搜众君汇总国家金融监督管理局江苏监管局官网2025年11月份发布的行政许可批复文件得知，今年11月份，江苏有10位保险从业者任职资格获监管核 准，所涉岗位有：主要负责人、副总经理、董事、独立董事、总经理助理。 经搜众君汇总国家金融监督管理局江苏监管局官网2025年11月份发布的行政许可批复文件得知，今年11月份，江苏有10位保险从业者任职资格获监管核 准，所涉岗位有：主要负责人、副总经理、董事、独立董事、总经理助理。 行政许可批复主要信息如下： 11月10日，江苏金融监管局核准赵小勤中信保诚人寿保险有限公司江苏省分公司总经理助理的任职资格。 11月10日，江苏金融监管局核准宦刘庆中国人寿保险股份有限公司江苏省分公司副总经理的任职资格。 11月21日，江苏金融监管局核准俞永明陆家嘴国泰人寿保险有限责任公司江苏分公司副总经理的任职资格。 11月21日，江苏金融监管局核准鲁宁、蒋鸿雁、陈亮紫金财产保险股份有限公司董事的任职资格，核准张婉苏、杨炳生紫金财产保险股份有限公司独立董 事的任职资格。 11月21日，江苏金融监管局核准陈家悦中国人寿财产保险股份有限公司江苏省分公司总经理助理的任职资格。 11月25日，江苏金 ...

在理赔服务方面，中国人寿（海外）于事发后第一时间开通绿色理赔通道，按照"应赔尽赔、能赔快 赔、合理预赔"原则，简化理赔流程，优先处理受影响客户的相关申请。截至目前，预估赔付金额逾100 万港元。 公司同步推行多项应急支持措施，包括设立24小时紧急支援热线，专人紧密跟进个案；简化理赔手续， 安排专人为受灾客户优先处理理赔个案；酌情豁免行政费用及提供财务支援；情绪支持及紧急医疗援助 等。 12月3日，记者从中国人寿保险（海外）股份有限公司[ 下称"中国人寿（海外）"]获悉，公司立足保险 主业，积极为香港大埔火灾受影响客户提供及时的经济支援，近日已完成首宗针对此次事件的保单贷款 申请，助力客户应对紧急资金需求。 与此同时，中国人寿（海外）积极响应香港特区政府及香港中资企业协会号召，鼓励全体员工参与无偿 献血及义工活动，动员员工参与慈善捐赠。截至目前，已有超过300名员工向香港中资企业慈善基金捐 款。 ...

Core Insights - The long-term investment return assumption is a crucial parameter affecting the intrinsic value of life insurance companies, reflecting their expectations regarding capital market conditions and investment strategies. In 2024, most life insurance companies have lowered their long-term investment return assumption from 4.5% to 4.0% [9][11]. Investment Returns Analysis - From 2010 to 2024, listed life insurance companies had a total investment return that exceeded the long-term investment return assumption in only 5 out of 15 years, with the remaining 10 years showing negative deviations. The cumulative total investment return deviation for the industry is -0.38% [3][6][37]. - As of the first three quarters of 2025, the total investment return for the year is approximately 3.5%, slightly below the long-term investment return assumption of 4.0%. A strong performance in the fourth quarter could make 2025 the first year since 2020 to exceed the long-term investment return assumption [3][13]. Company-Specific Performance - In 2024, China Life's total investment return was 4.02%, while its comprehensive investment return was 5.94%, both exceeding the long-term investment return assumption of 4.0% [17][18]. - Ping An Life's total investment return for 2024 was 3.32%, with a comprehensive investment return of 7.25%, also above the long-term assumption [19][21]. - For 2024, Taikang Life's total investment return was 3.03%, while its comprehensive investment return was 7.33%, surpassing the long-term assumption [22][23]. - New China Life reported a total investment return of 3.56% and a comprehensive investment return of 6.84% for 2024, both exceeding the long-term assumption [24][25]. - PICC Life's total investment return was 3.70%, with a comprehensive investment return of 14.1%, significantly above the long-term assumption [28][29]. - AIA's estimated long-term investment return assumption for 2024 is 3.4%, which is below the 4.0% threshold, indicating a cautious outlook [30][33]. Summary of Deviations - The average deviation of total investment returns from long-term assumptions for the industry is -0.38%, while the average deviation for comprehensive investment returns is 0.66%. Companies like PICC Life and AIA show better performance with positive deviations [37][38].

Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index falling by 1.28% to close at 25,760.73 points, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index dropped by 1.68% and 1.58%, respectively [1][2]. Sector Performance - Major technology stocks and large financial stocks collectively dragged down market sentiment, with notable declines in companies like Bilibili (-3%), NetEase (-2.94%), and Alibaba (-2.17%) [4][5]. - The financial sector also faced losses, particularly in insurance stocks, with China Pacific Insurance down by 4% and China Life Insurance down by over 3% [6]. - The biopharmaceutical sector saw declines, with WuXi AppTec falling by over 3% and other major players like BeiGene and WuXi Biologics also experiencing losses [7]. Commodity and Other Stocks - In contrast, stocks in the non-ferrous metals and precious metals sectors performed well, with China Molybdenum and China Aluminum rising by over 2% [8]. - Airline stocks strengthened, with China Eastern Airlines and China Southern Airlines both gaining over 2%, supported by a new action plan promoting the integration of cultural tourism and civil aviation [9]. Capital Flows - Southbound capital saw a net inflow of 2.279 billion HKD, indicating continued interest in Hong Kong stocks from mainland investors [9]. Future Outlook - Analysts suggest that the current market adjustments may create opportunities for recovery in 2026, with expectations of a necessary interest rate cut in December due to rising unemployment and declining real wages [11].

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling 1.28% to close at 25,760.73 points, marking a loss of 334.32 points. The total trading volume was 164.36 billion HKD [1] - The Hang Seng China Enterprises Index dropped 1.68% to 9,028.55 points, while the Hang Seng Tech Index fell 1.58% to 5,534.92 points [1] Blue Chip Performance - Techtronic Industries (00669) led the blue-chip stocks, rising 3.15% to 94.9 HKD, contributing 6.66 points to the Hang Seng Index. Citigroup initiated a 30-day positive catalyst observation for the company [2] - Other notable blue-chip movements included WH Group (00288) up 1.8% to 8.47 HKD, while China Life (02628) fell 3.59% to 26.32 HKD, dragging the index down by 11.43 points [2] Sector Highlights - Precious metals and copper-aluminum sectors saw gains amid rising expectations for Federal Reserve interest rate cuts. Bitcoin reached a two-week high, boosting some cryptocurrency stocks [3] - The automotive sector continued to decline, with companies like XPeng Motors (09868) down 4.25% and GAC Group (02238) down 2.35%, reflecting weak market demand [4] Cryptocurrency Stocks - Several cryptocurrency-related stocks rose, including Boyaa Interactive (00434) up 5.19% and New Horizon Health (01611) up 2.3%, driven by increasing Bitcoin prices and a shift in institutional attitudes towards cryptocurrency [4] New Listings - Two new stocks debuted, with Lemo Technology (02539) surging 36.25% to 54.5 HKD, and Jinyan Kaolin New Materials (02693) rising 2.19% to 7.46 HKD. Lemo Technology is ranked first in the Chinese massage service market by transaction volume [5][6] Notable Corporate Announcements - Longpan Technology (02465) saw a significant increase of 12.21% to 16.54 HKD after announcing a long-term procurement agreement with Sunwoda for lithium iron phosphate cathode materials, expected to generate sales of approximately 4.5 to 5.5 billion CNY [7] - China Pacific Insurance (02328) continued to decline, down 4% to 17.04 HKD, amid rumors regarding the status of its executives [9]

中国人寿财产保险股份有限公司内蒙古分公司客户价值和体验管理部／消费者权益保护部副总经理（主 持工作）张美丽、乌兰察布中支党委书记、总经理张景鑫出席启动会。张景鑫总经理代表主办方致辞并 表示：发起此次"百日平安行 欢喜度新春"活动，是通过更加贴近群众的活动方式，鼓励广大司机朋友 自觉遵守交通规则、养成文明行车习惯，让平安出行理念深入人心，守护百业千企万户，筑牢平安线、 精雕宜居城。 转自：新华财经 为扎实推进乌兰察布市平安建设与民生保障工作部署，中国人寿财产保险股份有限公司乌兰察布市中心 支公司（以下简称 "乌兰察布中支"）携手乌兰察布市融媒体中心，在广电大厦演播厅举办"百日平安行 欢喜度新春"百日零违法活动启动会，以实际行动守护群众出行安全，推动文明城市创建向更高层次迈 进。 乌兰察布中支相关负责人表示，将全力投身平安乌兰察布建设，助力打造安全的营商环境、优质的服务 环境。（李贺） 编辑：赵鼎 此次活动面向乌兰察布市所有机动车车主，通过规范驾驶行为，厚植安全出行理念。参与者需通过指定 报名渠道完成报名，且活动期内无交通违法和事故，即可参与"争做文明好司机"抽奖活动，获得丰富奖 品；活动还将抽取一位幸运车主获得 ...