上述保费数据为《企业会计准则第 25 号—原保险合同》（财会〔2006〕 3 号）及《保险合同相关会计处理规定》（财会〔2009〕15 号）下数据，且 未经审计。本公司将在 2025 年年度报告中披露经审计的截至 2025 年 12 月 31 日止年度的总保费数据。 特此公告 中国人寿保险股份有限公司董事会 2025 年 12 月 9 日 证券代码：601628 证券简称：中国人寿 编号：临 2025－044 重要提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国人寿保险股份有限公司 关于总保费逾人民币 7,000 亿元的公告 截至 2025 年 11 月 30 日，本公司总保费超过人民币 7,000 亿元。 ...

智通财经APP讯，中国人寿(601628.SH)发布公告，截至2025年11月30日，公司总保费超过人民币7000亿 元。 ...

Core Viewpoint - China Life Insurance (02628) announced that by November 30, 2025, the company's total premium income is expected to exceed RMB 700 billion [1] Group 1 - The company projects a significant growth in total premium income, indicating a strong performance in the insurance sector [1]

格隆汇12月9日丨中国人寿(02628.HK)宣布，截至2025年11月30日，公司总保费超过人民币7000亿元。 ...

中国人寿公告称，截至2025年11月30日，公司总保费超7000亿元。该保费数据为相关会计准则下数据， 且未经审计。公司将在2025年年度报告中披露经审计的截至2025年12月31日止年度的总保费数据。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責 其準確性或完整性亦不發表任何聲明 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 概不對因本公告全部或任何部分 中 國 人 壽 保 險 股 份 有 限 公 司 中 國 人 壽 保 險 股 份 有 限 公 司 CHINA LIFE INSURANCE COMPANY LIMITED CHINA LIFE INSURANCE COMPANY LIMITED CHINA LIFE INSURANCE COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司 於中華人民共和國註冊成立之股份有限公司） （股份代號：2628） 關於總 總保費逾人民幣 7,000 億元的公告 中國人壽保險股份有限公司 保費超過人民幣 7,000 億元。 中國人壽保險股 ...

Core Viewpoint - Recent regulatory policies have been released to encourage differentiated competition among brokerages, improve long-term incentive mechanisms for public funds, and accelerate the entry of medium- and long-term capital into the market, thereby reinforcing the positive development trend of the capital market [1] Group 1: Insurance Sector - The Financial Regulatory Administration has announced a reduction in risk factor coefficients for insurance companies, which will facilitate the allocation of incremental funds to the equity market. Specifically, the risk factor for stocks held over three years in the CSI 300 Index and the CSI Low Volatility 100 Index has been lowered from 0.3 to 0.27, and for stocks held over two years in the Sci-Tech Innovation Board, it has been reduced from 0.4 to 0.36 [2] - This reduction is expected to decrease the risk capital requirements for insurance companies' equity assets, allowing more funds to be directed towards the equity market and enhancing the effectiveness of insurance capital in serving the real economy [2] Group 2: Public Fund Management - New performance management guidelines for fund management companies have been issued to strengthen incentive and constraint mechanisms. Key points include increasing the investment proportion of fund managers in their own funds to at least 30% for executives and 40% for fund managers, and linking performance to compensation more closely [3] - Fund managers whose products underperform the benchmark by over ten percentage points for three consecutive years will face at least a 30% salary reduction, while those with positive profit margins but still underperforming will also see a decrease in performance pay [3] - The guidelines emphasize long-term performance assessment, requiring that at least 80% of performance evaluation metrics focus on investment returns over three years or more, and encourage fund companies to establish corporate annuities and support employee participation in personal pension systems [3] Group 3: Brokerage Industry - The Chairman of the China Securities Regulatory Commission has proposed to moderately relax the leverage limits for brokerages, aiming to enhance capital efficiency and promote value competition over price competition among securities firms [4] - This regulatory signal is expected to help quality brokerages improve their capital efficiency and return on equity (ROE), thereby enhancing the competitiveness of leading brokerages and accelerating the establishment of world-class investment banks in China [4] - Investment recommendations include focusing on leading brokerages such as CITIC Securities, Huatai Securities, and GF Securities, as well as companies with strong performance growth and channel advantages like China Life, and those with high dividends and improving fundamentals like Ping An Insurance [4]

Core Viewpoint - China Life Insurance is pioneering a digital transformation in the insurance industry through its "Guoshou Plan," which emphasizes a combination of warmth and efficiency in service delivery [1][21]. Digital Infrastructure - The company has established a comprehensive digital infrastructure encompassing "cloud-network-end" to extend insurance services from physical locations to a digital realm [2][20]. - China Life's digital platform is likened to an "aerial city" that connects millions of users, enhancing the insurance service lifecycle from post-claim compensation to proactive prevention and real-time service [1][18]. Technological Layout - The strategic layout of "big backend + small frontend" supports a robust digital foundation for serving hundreds of millions of customers [7][11]. - The "big backend" focuses on information processing, utilizing a hybrid cloud system that integrates private and public cloud resources to enhance data efficiency and reduce costs [7][12]. - The "small frontend" facilitates convenient services through digital platforms, enabling seamless online communication and service delivery between the company and its clients [8][10]. Customer-Centric Approach - China Life emphasizes a customer-centric model, integrating online and offline services to create a seamless experience for clients [16][17]. - The company has developed a comprehensive digital service ecosystem that allows for real-time claims processing and enhanced service delivery, significantly reducing claim times to as low as 0.34 days [18][19]. Innovation and Flexibility - The company employs a flexible organizational structure that encourages innovation and rapid response to market needs, utilizing a product responsibility system to empower teams [11][12]. - By leveraging data management and artificial intelligence, China Life aims to enhance service quality and operational efficiency, ensuring that technology serves as a bridge to broader accessibility [12][21]. Strategic Vision - The digital transformation is not merely a technological upgrade but a holistic reconfiguration of the service ecosystem, driven by a commitment to customer needs and societal benefits [21][20]. - China Life's approach serves as a replicable model for the insurance industry, demonstrating how strategic foresight, innovation, and data-driven practices can lead to high-quality development in the digital finance era [21].

Core Points - The Hang Seng Index fell by 319.72 points, a decrease of 1.23%, closing at 25,765.36 points [1] - The total turnover on the main board was HKD 206.23 billion [1] - The Hang Seng China Enterprises Index dropped by 114.77 points, closing at 9,083.53 points, a decline of 1.25% [1] - The Hang Seng Tech Index saw a slight increase of 0.09 points, closing at 5,662.55 points, with a change of 0.0% [1] Blue Chip Stocks - Tencent Holdings decreased by 0.82%, closing at HKD 605 [1] - Hong Kong Exchanges and Clearing fell by 0.69%, closing at HKD 404.6 [1] - China Mobile dropped by 1.15%, closing at HKD 86.15 [1] - HSBC Holdings declined by 1.71%, closing at HKD 109.1 [1] Local Hong Kong Stocks - Cheung Kong Holdings fell by 2.16%, closing at HKD 39.92 [1] - Sun Hung Kai Properties decreased by 1.52%, closing at HKD 97.1 [1] - Henderson Land Development dropped by 1.71%, closing at HKD 28.8 [1] Chinese Financial Stocks - Bank of China fell by 2.64%, closing at HKD 4.43 [1] - China Construction Bank decreased by 4.01%, closing at HKD 7.66 [1] - Industrial and Commercial Bank of China dropped by 3.48%, closing at HKD 6.11 [1] - Ping An Insurance increased by 2.15%, closing at HKD 61.75 [1] - China Life Insurance fell by 0.57%, closing at HKD 28.06 [1] Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation decreased by 0.22%, closing at HKD 4.52 [1] - PetroChina fell by 1.7%, closing at HKD 8.68 [1] - CNOOC dropped by 2.26%, closing at HKD 21.58 [1]

Core Viewpoint - China Life Insurance is committed to supporting the real economy and enhancing financial stability, aligning with national strategies and contributing to high-quality development during the "14th Five-Year Plan" period [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17] Group 1: Investment and Economic Support - China Life has invested 15 billion yuan in a fund to support the construction of the Tianwan Nuclear Power Plant, which will provide over 70 billion kilowatt-hours of clean electricity annually, reducing carbon emissions by 57.4 million tons [2] - The company has allocated 200 billion yuan to the Sinopec West-to-East Gas Transmission Project and invested 90 billion yuan in renewable energy projects in Qinghai [2] - By the end of Q3 2025, China Life's total assets exceeded 8.3 trillion yuan, with insurance funds supporting nearly 5.4 trillion yuan in investments in the real economy [3][4] Group 2: Social Welfare and Elderly Care - China Life has launched community-based elderly care projects in Shenzhen, providing affordable care options at 60% of market rates [5] - The company has established a 500 billion yuan health fund and a 200 billion yuan elderly care fund to promote the health and elderly care industries [6] - By Q3 2025, China Life's insurance companies have provided coverage for 27.3 million family planning members, with a total coverage amount of approximately 1.8 trillion yuan [7] Group 3: Technological Innovation and Support for New Industries - China Life has invested over 3 billion yuan in the latest round of financing for Zhiran Medical, focusing on the development of flexible brain-machine interfaces [9][10] - The company has established a technology insurance product supply system, providing coverage for strategic emerging industries amounting to nearly 83 trillion yuan [10][11] - In the banking sector, China Life's subsidiary, Guangfa Bank, has provided 2.591 trillion yuan in technology loans, supporting the entire lifecycle of technology enterprises [11] Group 4: Agricultural Support and Rural Revitalization - China Life has provided 4.672 trillion yuan in agricultural insurance risk protection for over 11 million households by Q3 2025 [15] - The company has implemented a digital agricultural insurance model, enhancing risk monitoring and claims processes through satellite and drone technology [16] - China Life has supported rural revitalization efforts with over 2.5 billion yuan in charitable funds and has established partnerships with over 1,500 local aid points [15] Group 5: Commitment to Future Development - China Life aims to deepen reforms and enhance high-quality development in the upcoming "15th Five-Year Plan" period, focusing on the "333 strategy" to contribute to national goals [17]