+ CCS3415 PIAH + NAME(S) AND ADDRESS OF REGISTERED SHAREHOLDER(S) 登記股東之姓名及地址 DIVIDEND CURRENCY ELECTION FORM FOR 2025 INTERIM DIVIDEND OF RMB 0.95 PER SHARE ("2025 INTERIM DIVIDEND") 二零二五年中期股息每股人民幣 0.95 元（「二零二五年中期股息」） 股息貨幣選擇表格 Compliance by the Company with the authorization as set out in this Dividend Currency Election Form will discharge it from all liabilities in respect of dividends so paid. For the avoidance of doubt, the Company will not accept any special instructions written on this form. 本公司按照本股息貨幣 ...

Core Viewpoint - The insurance industry is experiencing a significant recovery in premium growth, primarily driven by the rapid development of the bancassurance channel, which has outpaced other distribution channels like individual agents and brokers [3][4][5]. Group 1: Bancassurance Channel Performance - In the first half of 2025, the bancassurance channel's premium income reached approximately 1 trillion, with a year-on-year growth of about 9%, significantly surpassing the overall industry growth and other channels [7][8]. - The new premium growth rate for the bancassurance channel among leading insurers exceeded 70%, while other channels experienced negative growth [28][31]. - The bancassurance channel has become the largest contributor to premium growth for major insurers, with companies like China Life and New China Insurance reporting new premium growth rates exceeding 100% [18][14]. Group 2: Competitive Landscape - The removal of the "one-to-three" restriction has allowed leading insurers to accelerate strategic partnerships with banks, enhancing their market presence [15][27]. - The competitive environment for smaller insurers has become increasingly challenging, as they must compete not only on product pricing but also on brand influence and reputation against larger firms [30][31]. - The disparity in new premium growth rates is stark, with leading insurers achieving a 76% growth in the bancassurance channel compared to a 15% decline for smaller firms [28][31]. Group 3: Product Strategy and Market Trends - The shift towards participating insurance products is evident, with major insurers like China Life and Taikang reporting that over 50% of their premium income from individual agent channels comes from floating income products [35]. - The focus on high-quality growth is reflected in the increasing new business value rates for leading insurers in the bancassurance channel, indicating a strategic pivot towards more profitable product offerings [33][35]. - The overall trend in the insurance industry is moving towards a higher quality of development, with an emphasis on transforming product offerings to include more dividend-based insurance products [36].

Group 1 - The A-share market experienced fluctuations, with major indices reaching new highs before a collective decline in the afternoon, indicating a potential market correction after a period of rapid growth [2][6] - As of September 17, the margin trading balance reached a historical record of 2.4054 trillion yuan, accounting for 2.51% of the A-share market's circulating market value, still below the peak of 4.73% in 2015 [2][3] - The sectors attracting leveraged funds include electronics, power equipment, non-bank financials, and computers, with significant net purchases observed in these industries [4][5] Group 2 - The number of individual investors in the A-share market has been increasing, rising from 7.6148 million on September 1 to 7.6611 million by September 17 [4] - The trading volume on September 18 reached 3.13 trillion yuan, a significant increase of 758.4 billion yuan compared to the previous day, indicating heightened market activity [6][8] - Analysts suggest that the market will continue to experience a tug-of-war between bullish and bearish sentiments, with high-valuation tech stocks facing pressure in the absence of continuous easing support [6][9] Group 3 - The most favored stocks by leveraged funds include popular names such as Dongfang Caifu, China Ping An, and BYD, with financing balances exceeding 24 billion yuan for some [5] - The sectors with the highest net purchases from September 1 to 17 include power equipment, electronics, and non-bank financials, while the defense industry saw significant net selling [4][5] - The overall sentiment remains optimistic for the long-term outlook of the A-share market, supported by factors such as economic stability, low valuations, and increasing investor returns through dividends and buybacks [9]

Core Viewpoint - The article emphasizes the importance of financial services in enhancing people's lives and ensuring financial security, particularly in the context of China's push towards common prosperity. It highlights China Ping An's commitment to "finance for the people" through comprehensive protection systems and innovative service practices [1][13]. Group 1: Financial Services and Consumer Protection - China Ping An has established a comprehensive consumer protection system that integrates consumer rights into product design, ensuring clarity and fairness in financial products [11][12]. - The company actively engages in financial education and outreach, conducting over 30,000 activities in 2024, reaching more than 1.5 billion consumers [11][12]. - Ping An's customer service has been enhanced with a dual-mode approach, combining AI and human support, particularly focusing on elderly clients to bridge the digital divide [11][12]. Group 2: Emergency Response and Social Responsibility - In response to natural disasters, China Ping An has implemented an emergency response mechanism, providing timely assistance and support to affected communities [2][3]. - The company has demonstrated its commitment to social responsibility by mobilizing resources for disaster relief, including rapid claims processing and on-site support during emergencies [2][3]. Group 3: Health Management and Global Services - China Ping An has launched the "Ping An 24" global rescue service, providing comprehensive cross-border support for clients facing emergencies abroad [5][6]. - The company is also focused on health management, aligning with national health initiatives to offer integrated medical and insurance services, enhancing preventive care and early diagnosis [6][7]. Group 4: Inclusive Finance and Community Support - Ping An's strategy includes promoting inclusive finance, targeting small and micro enterprises, the elderly, and rural communities to bridge financial service gaps [8][9]. - The company has initiated various financial products and services tailored to meet the needs of different demographics, including health insurance for new residents and long-term care insurance for the elderly [9][10]. Group 5: Commitment to Innovation and Future Goals - China Ping An is committed to redefining financial services through technology and innovation, aiming to make financial services more accessible and user-friendly [13][14]. - The company plans to continue enhancing its service model to ensure that financial services are simple, transparent, and efficient, ultimately supporting individuals in achieving a better quality of life [13][14].

Market Overview - The Shanghai Composite Index fell by 1.15% on September 18, with only three sectors rising: electronics (0.93%), communications (0.19%), and social services (0.03%) [1] - The sectors with the largest declines were non-ferrous metals (-3.56%) and comprehensive industries (-2.85%) [1] - Non-bank financials ranked third in terms of decline [1] Capital Flow - The main capital outflow from the two markets totaled 108.41 billion yuan, with only two sectors experiencing net inflows: coal (23.5 million yuan) and social services (32.239 million yuan) [1] - Non-bank financials had the largest net outflow, totaling 18.970 billion yuan, followed by non-ferrous metals with a net outflow of 12.748 billion yuan [1] Non-Bank Financial Sector - The non-bank financial sector declined by 2.81%, with a total net outflow of 18.970 billion yuan [2] - Out of 83 stocks in this sector, only three rose while 79 fell [2] - The top three stocks with net inflows were Tianfeng Securities (80.6729 million yuan), CITIC Securities (32.6759 million yuan), and Dongwu Securities (22.7568 million yuan) [2] - Notably, 41 stocks in the non-bank financial sector experienced net outflows exceeding 100 million yuan, with the largest outflows from Dongfang Caifu (4.991 billion yuan), CITIC Securities (2.674 billion yuan), and China Ping An (815 million yuan) [2] Non-Bank Financial Stock Performance - The following stocks had significant net outflows: - Dongfang Caifu: -4.75% with a net outflow of 499.097 million yuan - CITIC Securities: -2.21% with a net outflow of 267.396 million yuan - China Ping An: -2.28% with a net outflow of 81.500 million yuan [2][3][4] - Other notable declines included: - Guotai Junan: -1.67% with a net outflow of 59.655 million yuan - Pacific Securities: -4.71% with a net outflow of 53.750 million yuan [2][3][4]

Core Insights - A total of 688 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of September 18 [1] - The stock with the longest duration of net outflow is *ST Gao Hong, with 32 consecutive days, followed by Su Da Co., which has seen 23 days of outflows [1] - In terms of total net outflow amount, CITIC Securities leads with a cumulative outflow of 8.4 billion yuan over five days, followed by Luxshare Precision with 5.81 billion yuan [1] Group 1: Stocks with Significant Net Outflows - CITIC Securities has recorded a net outflow of 8.4 billion yuan over five days, with a decline of 6.53% [1] - Luxshare Precision has seen a net outflow of 5.81 billion yuan, with a slight increase of 0.40% [1] - Shenghong Technology has experienced a net outflow of 5.10 billion yuan, with a decline of 4.29% [1] Group 2: Other Notable Stocks - Zijin Mining has a net outflow of 4.83 billion yuan, with a decline of 5.02% [1] - Ping An Insurance has recorded a net outflow of 3.67 billion yuan, with a decline of 5.81% [1] - China Merchants Bank has seen a net outflow of 2.83 billion yuan, with a decline of 5.70% [1] Group 3: Stocks with Extended Outflow Durations - China Satellite Communications has experienced net outflows for 14 days, totaling 2.15 billion yuan, with a significant decline of 17.08% [1] - Huayou Cobalt has seen net outflows for 8 days, totaling 2.17 billion yuan, with a decline of 4.94% [1] - Beijing Bank has recorded net outflows for 5 days, totaling 2.10 billion yuan, with a decline of 7.25% [1]

北京商报讯（记者 李秀梅）9月18日，中国平安人寿保险股份有限公司（以下简称"平安人寿"）公告， 平安资管受托平安人寿资金，投资于中国太保H股股票，于9月11日达到中国太保H股股本的10%，根据 香港市场规则，触发平安人寿举牌。 上月，平安人寿已经完成了一次对中国太保H股的举牌。 ...

Group 1 - The insurance sector experienced a decline of 2.05% on September 18, with China Life leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] - Major insurance stocks showed varying degrees of decline, with China Ping An down 2.28% and China Life down 1.38% [1] Group 2 - The net outflow of main funds from the insurance sector was 1.521 billion yuan, while retail investors saw a net inflow of 1.182 billion yuan [1] - China Life had a main fund net inflow of over 9.3675 million yuan, but a retail net inflow of 21.2127 million yuan [2] - China Ping An experienced a significant main fund net outflow of 844 million yuan, with retail investors contributing a net inflow of 591 million yuan [2]

Core Points - The 2025 Financial Education Promotion Week has been officially launched, with a focus on innovative and interactive methods of financial education rather than traditional approaches like distributing flyers and hanging banners [1] Group 1: Innovative Promotion Methods - The company has created a "Financial Knowledge Market" in Zherong, utilizing interactive games and quizzes to enhance financial literacy in a relaxed environment [3] - In Xiapu, the promotional team set up mobile promotion points at popular beach areas to disseminate financial knowledge and anti-fraud tips [5] - The team engaged residents in Pingnan by establishing an interactive experience zone in a public square, focusing on anti-money laundering and illegal fundraising prevention [7] - In Shouning, the team conducted specialized financial lectures at a local square to improve the public's ability to identify and prevent financial risks [9] Group 2: Targeted Services for Diverse Groups - The promotional activities include financial literacy classes for youth, teaching basic financial management and fraud prevention in engaging formats [11] - For the elderly, the company has developed catchy anti-fraud jingles and community financial lectures delivered in local dialects to enhance their understanding of financial knowledge [11] - The company provides practical guidance on insurance, family planning, and risk management for new residents, aiding their integration into urban life and promoting stable development [11] - The overarching goal is to embed the philosophy of "protecting financial rights and supporting a better life" into every activity, continuously promoting financial knowledge and contributing to a safer and more stable living environment [11]

Core Points - The main theme of the activities is "Protecting Financial Rights and Supporting a Better Life" aimed at enhancing financial literacy and risk awareness among citizens [1][3] - The activities include a financial education publicity week initiated by Ping An Property & Casualty Insurance in Putian, utilizing various media to promote consumer rights protection [1][3] - The event attracted participation from over 30 financial institutions, indicating strong collaboration within the financial sector [3] Group 1 - The financial education week started on September 11, with promotional activities conducted through LED screens, posters, and television to engage the public [1] - Volunteers from Ping An Property & Casualty Insurance interacted with citizens using simple language, quizzes, and case studies to improve risk identification and self-protection skills [5] - Participants could collect stamps through financial knowledge quizzes and interactive games to exchange for local cultural gifts and beverages, creating a lively atmosphere [5] Group 2 - The volunteers also conducted outreach activities in communities, schools, rural areas, and enterprises to provide diverse financial knowledge dissemination [7] - In enterprises, specialized training was provided to employees on financial risk identification and prevention techniques [7] - In schools, volunteers aimed to educate students about telecom fraud cases in an engaging manner to enhance their risk prevention capabilities [8] Group 3 - In rural areas, volunteers distributed promotional materials and provided on-site explanations to help villagers understand how to prevent financial fraud [8] - Ping An Property & Casualty Insurance plans to continue fulfilling its social responsibility by raising public awareness of financial rights protection [10] - The company aims to contribute to creating a trustworthy and rational financial consumption environment [10]