Core Viewpoint - The insurance sector experienced a notable increase on September 25, with major companies such as China Life, New China Life, and China Pacific Insurance rising over 1% [1] Company Summary - China Life saw a significant rise in its stock price, contributing to the overall positive trend in the insurance sector [1] - New China Life also reported an increase in its stock value, aligning with the upward movement in the industry [1] - China Pacific Insurance's stock rose by more than 1%, reflecting investor confidence in the company [1] - China Insurance and Ping An Insurance followed suit, also showing gains in their stock prices [1]

Core Viewpoint - The pet insurance market is experiencing significant growth, with varying attitudes among different insurance companies towards this expanding sector [1] Industry Overview - Out of 89 property insurance companies, 59 are involved in pet insurance products, indicating a strong interest in this market segment [1] - Approximately 33 property insurance companies offer pet medical insurance, representing nearly 40% of the total property insurers, with 132 pet medical insurance products launched, of which around 90 are currently available for sale [1] Company Strategies - ZhongAn Online, an internet-based insurance company, is highlighted as a proactive player in the pet insurance market [1] - Major insurance companies such as People’s Insurance, Ping An, and Taikang, along with smaller firms like Cathay Insurance, JD Allianz, and Taikang Online, are actively developing related business [1] - However, over 50 property insurance companies have not yet launched any pet medical insurance products, and some companies that initially entered the market have since withdrawn their offerings [1]

Core Viewpoint - The performance of the CSI 300 ETF managed by CICC shows a slight decline, with notable movements in its constituent stocks, indicating a mixed market sentiment [1] Group 1: ETF Performance - As of the midday close on September 26, the CSI 300 ETF (510320) decreased by 0.65%, priced at 1.225 yuan, with a trading volume of 13.9592 million yuan [1] - The performance benchmark for the CSI 300 ETF is the return rate of the CSI 300 Index, with a return of 23.19% since its inception on April 16, 2025, and a return of 2.80% over the past month [1] Group 2: Constituent Stocks Movement - Major stocks within the CSI 300 ETF showed varied performance: Kweichow Moutai fell by 0.29%, CATL decreased by 1.21%, Ping An dropped by 0.56%, and China Merchants Bank declined by 0.86% [1] - Conversely, some stocks experienced gains: Industrial Bank rose by 0.45%, Yangtze Power increased by 0.26%, Midea Group grew by 1.62%, Zijin Mining gained 0.81%, and BYD also rose by 0.81% [1] - Additionally, Dongfang Caifu saw a decline of 0.53% [1]

二、中国平安财产保险股份有限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9月22日，国家金融监督管理总局葫芦岛监管分局发布批复称，《中国平安财产保险股份有限公 司辽宁分公司关于变更中国平安财产保险股份有限公司连山支公司营业场所的请示》（平保产辽分发 〔2025〕435号）收悉。经审核，现批复如下： 一、同意将中国平安财产保险股份有限公司连山支公司营业场所变更为：葫芦岛市连山区北河路12-2号 楼H。 ...

Group 1 - The "2025 China Top 500 Enterprises" list was recently released by the China Enterprise Confederation and the China Enterprise Directors Association, highlighting the leading companies in China [1] - Guangdong province has 54 companies listed, ranking third among all provinces, following Beijing and Zhejiang [1] - Shenzhen is a significant contributor, with 27 of the 54 companies from Guangdong located there, representing half of the total [1] Group 2 - The top five companies from Guangdong on the list include Ping An Insurance, China Resources, Huawei, China Southern Power Grid, and BYD, showcasing the strength of these enterprises [2] - Guangzhou has 17 companies listed, with three being private enterprises: Guangdong Haid Group, Vipshop, and Kingfa Sci & Tech [2] - Notably, companies like Xiyin from Guangzhou and major smartphone manufacturers OPPO and VIVO from Dongguan are believed to meet the criteria for the top 500 but did not make the list this time [2]

Core Insights - The annual Cloud and AI conference, Yunqi Conference, was held in Hangzhou, focusing on the application of AI in the financial sector [1] - Ping An Group's Chief Scientist, Dr. Xiao Jing, emphasized the transition from general to specialized AI models in finance, highlighting the necessity for vertical transformation in the industry [2] Group 1: AI Model Development - The summit discussed the shift from "horizontal general" to "vertical specialized" AI models, stressing the importance of efficient training and reasoning for AI in finance [2] - Dr. Xiao proposed three key areas for companies to focus on: enriching high-quality professional data, expanding business applications, and emphasizing AI safety and risk management [2] Group 2: Ping An's AI Initiatives - Ping An has developed the "Ping An Brain" intelligent engine, which integrates algorithms, data, and computing power to provide standardized technical capabilities [3] - The engine aims to embed AI deeply into the financial and healthcare value chains, focusing on five strategic areas: intelligent marketing, service, operations, management, and business [3] Group 3: AI Deployment and Impact - Ping An has deployed over 50,000 intelligent agents, covering most core positions among 110,000 employees, achieving significant improvements in efficiency and user experience [4] - The company reported that AI handles over 20 billion customer service interactions annually, accounting for more than 80% of total interactions, and has improved operational efficiency in car insurance processing by nearly 80% [4] Group 4: Ethical Considerations and Governance - To address AI ethical risks, Ping An established an AI governance committee led by the CEO, implementing a comprehensive governance framework to ensure safe and compliant AI applications [4] - The company has invested heavily in technology and AI over the past decade, focusing on a strategy termed "AI in all" to achieve comprehensive AI integration across its operations [5]

长江商报消息 ●长江商报公益记者 杨蝶 古树名木被誉为"有生命的文物"。9月24日，中国平安在成都市举行"平安古树名木守护行动"，为当地 9452株古树名木捐赠总保额超1.7亿元的专属风险保障。 一寸光阴一寸年轮，古树历经百岁方能长成。目前，成都市共有9452株古树名木，其中不乏树龄2000年 的古树。为更好守护这些绿色"活化石"，中国平安积极发挥保险保障天职为古树名木提供充分保障，运 用科技力量为古树名木管护提供实时监测、预警、防范风险，并协同政府及社会各界力量将古树资源转 化为文旅景点。 在自然环境中，自然灾害、意外事故、病虫害等风险随时可能对古树的生长造成挑战。中国平安为古树 管护提供自然灾害风险预警服务，赋能政府主管部门和巡护员开展古树名木常态化保护，依托公司自 研"鹰眼"系统，提供雷达气象和地面站点等三位一体化气象监测，通过短信推送灾害预警信息、AI电话 提示，提供灾前精准预警服务并匹配防灾指引，便于巡护员快速应对灾害预防。 据了解，我国是世界上古树名木资源最丰富的国家之一，第二次全国古树名木资源普查结果显示，全国 普查范围内的古树名木共计508.19万株，包括散生122.13万株和群状386.06 ...

Summary of Hong Kong/China Insurance Conference Call Industry Overview - The Hong Kong/China insurance industry is on track for a high-quality transition with sustained healthy demand and improved Value of New Business (VNB) margins, alongside a better product mix [1][3] - The asset side is expected to benefit from a stable interest rate environment and a healthy stock market [1][3] Key Insights - **Market Outlook**: Despite some uncertainty regarding 3Q25 results, the outlook for Hong Kong/China insurance remains attractive [1][3] - **Investment Trends**: - Stock investment balance reached RMB 3.1 trillion in 1H25, accounting for 8.5% of overall insurance fund assets, the highest since 2022 [19][23] - Insurers are expected to provide over RMB 1 trillion in new inflows into the stock market annually for 2025 and 2026 [21][23] - **Performance Metrics**: - Group earnings showed healthy year-on-year growth in 1H25, with an increase in Return on Equity (ROE) across most insurers [28][30] - Life insurance business quality has improved, with strong VNB growth across peers [40][41] Company-Specific Highlights - **AIA**: - Projected insurance revenue growth from USD 19.3 billion in FY24 to USD 25.9 billion in FY27 [80] - Operating profit before tax expected to rise from USD 7.8 billion in FY24 to USD 10.8 billion in FY27 [80] - **Ping An**: - Remains a top pick due to its strong fundamentals and market position [79] - **FWD**: - Experienced a slight decline in stock price but maintains a solid market presence [8] Investment Performance - **Share Price Performance**: - AIA's share price increased by 26.5% year-to-date, while Ping An's increased by 12.8% [8] - Overall, the insurance sector has shown resilience with significant year-on-year performance improvements [8] Regulatory Environment - The regulatory environment is encouraging active stock allocations, which is expected to continue [19][23] Risks and Considerations - Short-term outlook remains defensive due to unclear 3Q results and potential impacts from interest rate changes [79] - Long-term prospects are positive, driven by healthy demand and improved margins [79] Conclusion - The Hong Kong/China insurance industry is positioned for growth with a favorable investment landscape and improving operational metrics, making it an attractive sector for investors [1][3][79]

Core Insights - The overall performance of Shenzhen state-owned enterprises' new media accounts has declined in August, with significant drops in both article output and reading volume compared to July [2][20] - The "Shenzhen State-owned Enterprises New Media Information Release Observation List" evaluates 54 accounts, including 31 primary accounts of state-owned enterprises and 23 listed companies [1][20] Group 1: New Media Performance - In August, 21 out of 31 primary accounts saw a decrease in article output, with notable reductions from Shenzhen Stock Exchange, Shenzhen Anju, and others [2][3] - Reading volume for 21 accounts also declined, with some experiencing drops of over 50%, while the Special Zone Construction Group saw a significant increase of 16,610 in reading volume [2][3] - The top three accounts by article output were Shenzhen Bus Group (71 articles), Shenzhen Energy (64 articles), and Shenzhen Metro (63 articles, with a slight increase of 1 article) [3][4] Group 2: Reading Volume and Engagement - The top three accounts by reading volume were Shenzhen Metro (361,000+), Guoxin Securities (135,000+), and Shenzhen Eastern Bus (133,000+), while some accounts had reading volumes below 1,000 [4][5] - The total number of likes was highest for Shenzhen Metro (4,079), followed by Shenzhen Bus Group (2,881) and Shenzhen Gas (1,957) [6][7] - Recommendation volume was led by Shenzhen Bus Group (1,882), Shenzhen Metro (1,252), and Shenzhen Eastern Bus (513), indicating a positive reception of their content [8][9] Group 3: Listed Companies Performance - Among the 23 listed company accounts, 14 experienced declines in reading volume and article output, indicating instability in content planning [11][20] - Shenzhen Airlines, CIMC, and China Ping An led in reading volume with 110,000+, 50,913, and 43,212 respectively, but many accounts saw significant drops [14][15] - The article output for Shenzhen Airlines was 24, while CIMC maintained a steady output, benefiting from a recent event that boosted its reading volume [14][19] Group 4: Overall Trends and Recommendations - The overall data from August indicates a disparity in performance, with top accounts maintaining strong output and engagement, while lower-tier accounts struggle [20] - Recommendations for improvement include data review, strategy adjustments, content quality enhancement, and better rhythm control to foster a more balanced development across all accounts [20]

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份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 沒收未領取的 2017 年度末期股息、30 周年特別股息及 2018 年度中期股息 根據中國平安保險（集團）股份有限公司（「本公司」）章程，未領取的2017年度末期 股息、30周年特別股息及2018年度中期股息將於2025年10月31日被沒收及復歸本公司。 按照本公司章程的規定，凡在股息派付日期起計六年後仍未領取的股息將予沒收及復歸本 公司。因此，本公司應於2018年7月13日派付而仍為未領取的2017年度末期股息每股人民 幣1.00元（相等於每股1.230957港元）（含適用稅項）（「末期股息」）及30周年特別股 息每股人民幣0.20元（相等於每股0.246191港元）（含適用稅項）（「30周年特別股 息」），以及本公司應於2018年10月11日派付而仍為未領取的2018年度中期股息每股人 民幣0.62元（相等於每股0.707157港元）（含適用稅項）（「中期股息」）將於2025年10 月31日被沒收 ...