济南市中级人民法院认为，被告人李全的行为构成贪污罪、受贿罪，且数额均特别巨大，使国家和人民 利益遭受特别重大损失，均应依法惩处，并予数罪并罚。鉴于其贪污、受贿犯罪中均有未遂情节；到案 后如实供述自己罪行，主动交代办案机关尚未掌握的部分受贿事实；认罪悔罪，积极退赃，其贪污、受 贿实际所得财物及孳息已追缴，依法可以对其从轻处罚。法庭遂作出上述判决。 北京商报讯（记者 胡永新）央视新闻消息，2025年11月19日，山东省济南市中级人民法院一审公开宣 判新华人寿保险股份有限公司原党委书记、董事长李全贪污、受贿案，对被告人李全以贪污罪判处无期 徒刑，剥夺政治权利终身，并处没收个人全部财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利 终身，并处没收个人全部财产，决定执行死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部 财产。对追缴在案的李全贪污所得财物返还被害单位，不足部分继续追缴，对追缴在案的李全受贿所得 财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事长， 新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺 ...

2025年11月19日，山东省济南市中级人民法院一审公开宣判新华人寿保险股份有限公司原党委书记、 董事长李全贪污、受贿案，对被告人李全以贪污罪判处无期徒刑，剥夺政治权利终身，并处没收个人全 部财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产，决定执行死 刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产。对追缴在案的李全贪污所得财物返还 被害单位，不足部分继续追缴，对追缴在案的李全受贿所得财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事 长，新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺骗、隐 瞒等手段，非法占有相关业务收益，共计折合人民币1.08亿余元。2010年至2023年，李全利用职务 上的便利，为有关单位和个人在业务合作、基金认购等方面提供帮助，单独或伙同他人非法收受财物共 计折合人民币1.05亿余元。 据悉，济南市中级人民法院于2025年5月14日公开开庭审理了该案。庭审中，检察机关出示了相关证 据，被告人李全及其辩护人进行了质证，控辩双方在法庭的主持下充分发 ...

Core Viewpoint - The case of Li Quan, former chairman of New China Life Insurance Co., highlights significant corruption within the company, resulting in severe legal consequences for the individual involved [1][5]. Summary by Sections Case Details - Li Quan was sentenced to life imprisonment for embezzlement and death penalty with a two-year reprieve for bribery, along with the confiscation of all personal property [1]. - The court found that from June 2015 to March 2024, Li Quan illegally appropriated business profits totaling over 108 million RMB through deceitful means [3]. - From 2010 to 2023, he received bribes amounting to over 105 million RMB by leveraging his position to assist various entities in business collaborations and fund subscriptions [3]. Court Ruling - The court deemed Li Quan's actions as constituting both embezzlement and bribery, with particularly large amounts causing significant losses to the state and public interests, warranting severe punishment [5]. - Mitigating factors included his confession, cooperation with authorities, and the return of embezzled and bribed funds, which led to a lighter sentence [5]. Trial Proceedings - The trial was held on May 14, 2025, with evidence presented by the prosecution and Li Quan's defense team engaging in cross-examination [7]. - The proceedings were attended by over 30 individuals, including representatives from the National People's Congress, political advisors, and family members of the defendant [7].

（文章来源：央视新闻） 2025年11月19日，山东省济南市中级人民法院一审公开宣判新华人寿保险股份有限公司原党委书记、董 事长李全贪污、受贿案，对被告人李全以贪污罪判处无期徒刑，剥夺政治权利终身，并处没收个人全部 财产；以受贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产，决定执行死 刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产。对追缴在案的李全贪污所得财物返还 被害单位，不足部分继续追缴，对追缴在案的李全受贿所得财物及孳息依法上缴国库。 经审理查明：2015年6月至2024年3月，被告人李全利用担任新华资产管理股份有限公司总裁、董事长， 新华资产管理（香港）有限公司董事长职务上的便利，伙同他人以非法占有为目的，采用欺骗、隐瞒等 手段，非法占有相关业务收益，共计折合人民币1.08亿余元。2010年至2023年，李全利用职务上的便 利，为有关单位和个人在业务合作、基金认购等方面提供帮助，单独或伙同他人非法收受财物共计折合 人民币1.05亿余元。 济南市中级人民法院认为，被告人李全的行为构成贪污罪、受贿罪，且数额均特别巨大，使国家和人民 利益遭受特别重大损失，均应依法惩处，并予数罪 ...

Core Insights - The insurance sector experienced a rise of 2.43% on November 19, with China Pacific Insurance leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Insurance Sector Performance - China Life Insurance (code: 601628) closed at 44.30, up 2.98% with a trading volume of 167,000 shares and a transaction value of 735 million yuan [1] - China Pacific Insurance (code: 601601) closed at 35.83, up 2.78% with a trading volume of 509,600 shares and a transaction value of 1.818 billion yuan [1] - New China Life Insurance (code: 601336) closed at 68.20, up 1.79% with a trading volume of 152,600 shares and a transaction value of 1.037 billion yuan [1] - Ping An Insurance (code: 601318) closed at 60.37, up 1.26% with a trading volume of 705,900 shares and a transaction value of 4.268 billion yuan [1] Capital Flow Analysis - The insurance sector saw a net outflow of 757 million yuan from institutional investors, while retail investors contributed a net inflow of 439 million yuan [1] - Speculative funds recorded a net inflow of 317 million yuan into the insurance sector [1]

Market Overview - On November 19, the A-share market exhibited a volatile "roller coaster" trend, with the Shanghai Composite Index down 0.04% and the Shenzhen Component Index down 0.32%, while the ChiNext Index rose by 0.12% [3][4] - The total market turnover was 1.12 trillion yuan, showing a slight decrease compared to the previous day, with nearly 4600 stocks declining [4] Sector Performance - The oil and petrochemical, banking, insurance, and defense sectors showed positive performance, while real estate, media, building materials, and retail sectors struggled [4][19] - The motorcycle sector led with a 5.38% increase, followed by oil and gas at 2.54% and consumer goods at 2.25% [5] Stock Movements - In the Hong Kong market, major indices turned negative, with the Hang Seng Index down 0.45% and the Hang Seng Tech Index down 0.98%. Xiaomi Group led the decline, falling over 4% [6][7] - The media sector in A-shares saw significant declines, particularly in AIGC concept stocks, with Tianxiaxiu hitting the daily limit down [9][10] High-Profile Stocks - Among the top 10 market capitalization stocks, only Kweichow Moutai experienced a slight decline, while others, including Agricultural Bank of China and Industrial and Commercial Bank of China, saw gains [20] - The "Big Three" oil companies collectively performed well, with China Petroleum rising over 4% and China National Offshore Oil Corporation up over 2% [24][25] Concept Stocks - The Hainan Free Trade Port concept stocks experienced a collective pullback, with Hainan Ruize down over 9% and Hainan Airport down over 6% [11][12] - Solar glass concept stocks also faced declines, with Hainan Development dropping nearly 9% [13] Conclusion - The market showed clear signs of divergence, with large-cap stocks outperforming small-cap stocks, indicating a potential shift in investor sentiment [19][20]

Core Viewpoint - Xinhua Insurance's stock price has shown a significant increase of 43.28% year-to-date, despite a slight decline in recent trading days, indicating a volatile but generally positive market sentiment towards the company [1][2]. Financial Performance - As of September 30, 2025, Xinhua Insurance reported a net profit of 32.857 billion yuan, reflecting a year-on-year growth of 58.88% [2]. - The company has cumulatively distributed dividends amounting to 35.939 billion yuan since its A-share listing, with 13.913 billion yuan distributed over the past three years [3]. Shareholder Information - The number of shareholders for Xinhua Insurance reached 81,900, an increase of 34.15% compared to the previous period, while the average number of circulating shares per person decreased by 25.55% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 36.4478 million shares, a decrease of 24.0617 million shares from the previous period [3]. Stock Market Activity - On November 19, Xinhua Insurance's stock price rose by 2.03%, reaching 68.36 yuan per share, with a total market capitalization of 213.252 billion yuan [1]. - The trading volume indicated a net inflow of 671,900 yuan from main funds, with significant buying and selling activity observed [1].

经济观察网 近日，新华人寿保险股份有限公司凭借在优质运营、创新突破、服务升级、品牌影响力构 建以及企业社会责任履行等多领域的出色表现，成功入围《经济观察报》2025美好生活年度企业榜单。 此次评选深度聚焦高质量发展与消费升级的时代大势，旨在挖掘在新消费浪潮中积极践行高质量发展理 念、推动消费升级创新的企业，为行业树立标杆典范，进而推动新消费行业持续、健康、高质量发展。 ...

从资金流向上来看，当日保险板块主力资金净流出5.91亿元，游资资金净流入1.15亿元，散户资金净流 入4.77亿元。保险板块个股资金流向见下表： 证券之星消息，11月18日保险板块较上一交易日下跌0.85%，中国太保领跌。当日上证指数报收于 3939.81，下跌0.81%。深证成指报收于13080.49，下跌0.92%。保险板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601318 | 中国平安 | 59.62 | -0.35% | 44.57万 | 26.64亿 | | 601628 | 中国人寿 | 43.02 | -0.92% | 9.65万 | 4.16 Z | | 618109 | 中国人保 | 8.51 | -0.93% | 53.07万 | 4.53亿 | | 601336 | 新华保险 | 67.00 | -1.03% | 12.60万 | 8.46 Z | | 601601 | 中国太保 | 34.86 | -1.72% | 42.22万 | 14.78 ...

Core Insights - The insurance sector is characterized by a "high elasticity" label, with a significant profit increase driven by investment performance, as evidenced by a 68% year-on-year profit growth in Q3 2025, with investment performance contributing 79% of the pre-tax profit increment for the first three quarters [3][11][12] - The "14th Five-Year Plan" emphasizes strong rule of law, strict regulation, risk mitigation, and development promotion, indicating a strategic focus on enhancing the legal framework and regulatory environment for the insurance industry [3][27][28] - The ongoing "anti-involution" policy is expected to boost dividend insurance, while property insurance is undergoing comprehensive governance to improve high-risk insurance types [3][19][27] - The strategic positioning of insurance assets is evolving, with a notable increase in stock and fund investments by listed insurance companies, projected to reach an additional 875.2 to 943.4 billion yuan in A-shares from 2025 to 2027 [3][11][19] - The insurance sector's valuation recovery is anticipated to continue, with recommendations to focus on undervalued, high-elasticity stocks such as China Life, Ping An, and others [3][19][21] Review of Performance - The insurance sector index has risen by 13.5% since the beginning of the year, underperforming the CSI 300 index by 4.1 percentage points [6][10] - In Q3 2025, the total net profit of listed insurance companies reached 426 billion yuan, a year-on-year increase of 33.5%, with significant contributions from investment performance [11][12][19] Policy Outlook - The "15th Five-Year Plan" outlines key directions for the insurance industry, focusing on high-quality development, technological independence, and comprehensive reform [24][28] - The regulatory environment is expected to remain stringent, with a focus on risk mitigation and the promotion of sustainable growth in the insurance sector [27][31] Liability and Asset Management - The "anti-involution" policy is driving a shift towards dividend insurance, while property insurance is seeing a rationalization of competition [3][19][27] - The strategic focus on asset allocation is expected to enhance the investment capabilities of insurance funds, with a projected increase in equity market allocations [3][11][19] Investment Recommendations - The report suggests maintaining a focus on undervalued, high-elasticity stocks within the insurance sector, highlighting companies such as China Life and Ping An as key investment opportunities [3][19][21]