Core Viewpoint - The approval for the relocation of China Life Property & Casualty Insurance Co., Ltd. in Jieyang has been granted by the Jieyang Financial Regulatory Bureau, indicating a strategic move for the company to enhance its operational presence in the region [1] Summary by Sections - **Approval of Relocation** The Jieyang Financial Regulatory Bureau has approved the request for the relocation of China Life Property & Casualty Insurance Co., Ltd.'s Jieyang branch to a new address in the Baode Computer Digital Plaza Phase III [1] - **New Business Location** The new business location is specified as: Room 2401 to 2402, and 2406 to 2416, Building 1, Baode - Times Center, located north of Dongsheng Road and west of Linjiang North Road in Jieyang, Guangdong Province [1] - **Compliance with Regulations** China Life Property & Casualty Insurance Co., Ltd. is required to timely handle the necessary changes and obtain new permits as per relevant regulations following the relocation approval [1]

Core Points - Liu Anlin, former Party Secretary and President of China Life Property Insurance Co., was expelled from the Party due to serious violations of discipline and law [1][4] - The investigation revealed that Liu Anlin engaged in multiple corrupt practices, including accepting gifts, misusing public vehicles, and promoting friends and relatives [3][4] - Liu Anlin's actions severely damaged the political ecology of the organization and violated various party and state regulations [3][4] Summary by Sections Investigation Findings - Liu Anlin lost his ideals and beliefs, showing indifference to political responsibilities and failing to implement major decisions from the Party Central Committee [3] - He violated the spirit of the Central Eight Regulations by repeatedly accepting gifts and misusing public resources [3][4] - His misconduct included illegal promotions and using his position to benefit relatives and friends [3][4] Disciplinary Actions - Liu Anlin was expelled from the Party and stripped of his benefits, with his illegal gains confiscated [4] - His case has been referred to the judicial authorities for further investigation and prosecution [4] Background Information - Liu Anlin, born in 1963, was a senior engineer with a rich career in the China Life system, covering various sectors including information technology and insurance [4][5] - He served as the Party Secretary of China Life Property Insurance since January 2019 until his resignation in August 2022 [5]

Group 1: Company News - Marco Polo, a new stock on the Shenzhen main board, is available for subscription at a price of 13.75 yuan per share [1] - Hengdian East Magnetic announced a profit forecast for the first three quarters of 2025, expecting a net profit between 1.39 billion and 1.53 billion yuan, representing a year-on-year growth of 50.1% to 65.2% [4] - China Life announced a cash dividend distribution of 0.238 yuan per share, totaling 6.727 billion yuan, with the record date on October 16 and payment date on October 17 [4] - Wintime Technology reported that its subsidiary, Anshi Semiconductor, is facing temporary control limitations due to a court ruling, but economic benefits remain unaffected [5] - Zhongzhi Holdings announced that its major shareholder intends to transfer all shares at a minimum price of 8.72 yuan per share, which will lead to a change in the largest shareholder [5] - Times New Materials signed contracts worth approximately 4.49 billion yuan for wind turbine blade sales, which is expected to positively impact company performance [6] - Seagull Living announced that it has not participated in any "lighthouse factory" qualifications despite media mentions, and has not found any undisclosed significant information affecting stock prices [6] - Yunnan Copper reported uncertainty regarding future market prices for its products and is currently conducting a share issuance for asset acquisition [6] - Zijin Mining completed the acquisition of 100% equity in the Raygorodok gold mine in Kazakhstan, which is expected to contribute to production and profits in the same year [7] - Yidao Information is planning a share issuance and cash payment for asset acquisition, with its stock suspended since September 29 due to the ongoing planning stage [7] Group 2: Industry Insights - Dongwu Securities reports that the non-bank financial sector has a low average valuation with safety margins, benefiting from economic recovery, particularly in the insurance industry [8] - Xinda Securities believes the steel industry is expected to stabilize and improve, with structural investment opportunities in high-margin special steel companies and leading steel enterprises with strong cost control [8]

Investment Rating - The report maintains a "Positive" investment rating for the industry [9] Core Insights - The upcoming Q3 reports are expected to show continued high growth in brokerage performance, enhancing the sector's allocation value. The insurance sector reflects a trend of deposit migration, increased equity allocation, and improved new policy costs, leading to a higher certainty of long-term ROE improvement and accelerated valuation recovery. Overall, the cost-effectiveness of allocations is gradually increasing [2][6] - Recommendations include companies with stable profit growth and dividend rates such as Jiangsu Jinzu, China Ping An, and China Pacific Insurance, as well as firms with significant advantages in business models and market positions [6] - The report recommends specific stocks including Xinhua Insurance, China Life, Hong Kong Stock Exchange, CITIC Securities, Dongfang Wealth, Tonghuashun, and Jiufang Zhitu Holdings based on performance elasticity and valuation levels [2][6] Market Performance - The non-bank financial index increased by 0.5% last week, with a relative excess return of +1.0% compared to the CSI 300, ranking in the middle of the industry [7] - Year-to-date, the non-bank financial index has risen by 7.4%, but with a relative excess return of -9.9% compared to the CSI 300, indicating a lower ranking [7] - The average daily trading volume in the market has increased to 26,029.82 billion yuan, up 18.98% week-on-week, with a daily turnover rate of 2.71%, up 42.99 basis points [7] Key Industry News & Company Announcements - The China Banking and Insurance Regulatory Commission issued a notice on strengthening the regulation of non-auto insurance business [8] - China Pacific Insurance's Chief Actuary Zhang Yuanhan has resigned [8]

中央纪委国家监委网站 据中央纪委国家监委驻中国人寿纪检监察组、山西省纪委监委消息： 日前，中央纪委国家监委驻中国人寿纪检监察组、山西省临汾市监委对中国人寿财产保险股份有限公司 原党委书记、总裁刘安林严重违纪违法问题进行了纪律审查和监察调查。 料图 刘安林 资 刘安林严重违反党的政治纪律、组织纪律、廉洁纪律、工作纪律和生活纪律，构成严重职务违法并涉嫌 贪污、受贿等犯罪，在党的十八大后仍然不收手、不收敛、不知止，性质严重，影响恶劣，应予严肃处 理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分 法》等有关规定，经中国人寿保险（集团）公司党委研究，决定给予刘安林开除党籍处分，按规定取消 其享受的待遇；收缴其违纪违法所得；涉嫌犯罪问题由山西省临汾市监委移送检察机关依法审查起诉， 所涉财物一并移送。 公开资料显示，刘安林，男，中共党员，1963年9月出生，高级工程师。他长期在中国人寿任职，曾任 中国人寿保险（海外）股份有限公司副董事长、总裁、党委书记兼新加坡公司董事长等职。 2019年1月起，刘安林进入中国人寿财产保险股份有限公司，出任党委书记、总裁，后兼任公司首席风 险官。 2 ...

中国人寿财产保险股份有限公司原党委书记、总裁刘安林被开除党籍 刘安林严重违反党的政治纪律、组织纪律、廉洁纪律、工作纪律和生活纪律，构成严重职务违法并涉嫌 贪污、受贿等犯罪，在党的十八大后仍然不收手、不收敛、不知止，性质严重，影响恶劣，应予严肃处 理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分 法》等有关规定，经中国人寿保险（集团）公司党委研究，决定给予刘安林开除党籍处分，按规定取消 其享受的待遇；收缴其违纪违法所得；涉嫌犯罪问题由山西省临汾市监委移送检察机关依法审查起诉， 所涉财物一并移送。 （文章来源：上海证券报） 据中央纪委国家监委驻中国人寿纪检监察组、山西省纪委监委消息：日前，中央纪委国家监委驻中国人 寿纪检监察组、山西省临汾市监委对中国人寿财产保险股份有限公司原党委书记、总裁刘安林严重违纪 违法问题进行了纪律审查和监察调查。 经查，刘安林身为国有金融企业党员领导干部，丧失理想信念，背弃初心使命，政治意识淡漠，落实党 中央重大决策部署不力，违规经营造成重大损失，履行全面从严治党主体责任不力，政绩观不正，严重 破坏所在单位政治生态；无视中央八项规定精神，长期、多 ...

刘安林严重违反党的政治纪律、组织纪律、廉洁纪律、工作纪律和生活纪律，构成严重职务违法并涉嫌 贪污、受贿等犯罪，在党的十八大后仍然不收手、不收敛、不知止，性质严重，影响恶劣，应予严肃处 理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分 法》等有关规定，经中国人寿保险（集团）公司党委研究，决定给予刘安林开除党籍处分，按规定取消 其享受的待遇；收缴其违纪违法所得；涉嫌犯罪问题由山西省临汾市监委移送检察机关依法审查起诉， 所涉财物一并移送。 国寿系统 "老臣" 离任一年多后被查 据中央纪委国家监委驻中国人寿纪检监察组、山西省纪委监委10月12日消息，中国人寿财产保险股份有 限公司原党委书记、总裁刘安林被开除党籍，其涉嫌犯罪问题由山西省临汾市监委移送检察机关依法审 查起诉。 "靠保险吃保险" 曾违规提拔干部、侵吞公款 通报称，刘安林身为国有金融企业党员领导干部，丧失理想信念，背弃初心使命，政治意识淡漠，落实 党中央重大决策部署不力，违规经营造成重大损失，履行全面从严治党主体责任不力，政绩观不正，严 重破坏所在单位政治生态；无视中央八项规定精神，长期、多次违规收受他人赠送礼品，违 ...

10月12日，中国人寿发布2025年半年度A股利润分配实施公告，本次2025年中期利润分配以方案实施前 的公司总股本28,264,705,000股为基数，每股派发现金红利人民币0.238元（含税），共计派发现金红利 人民币67.27亿元（含税）。本次股权登记日为2025年10月16日，现金红利发放日为10月17日。 ...

（文章来源：中国证券报） 经查，刘安林身为国有金融企业党员领导干部，丧失理想信念，背弃初心使命，政治意识淡漠，落实党 中央重大决策部署不力，违规经营造成重大损失，履行全面从严治党主体责任不力，政绩观不正，严重 破坏所在单位政治生态；无视中央八项规定精神，长期、多次违规收受他人赠送礼品，违规使用公务用 车，接受可能影响公正执行公务的宴请；违反组织原则，多次违规提拔干部，利用职权或者职务上的影 响为多名亲友入职提供帮助；廉洁底线失守，违规持有非上市公司股份，私自占用公物，违规发放奖 金，大量挥霍浪费公司财产；工作严重不负责任，对委托投资项目不履行职责，造成严重后果；生活腐 化堕落，影响公职人员形象；破坏社会主义市场经济秩序，违规购买经济适用房。毫无纪法底线，擅权 妄为，"靠保险吃保险"，利用职务便利侵吞公共财产，为他人谋取利益、非法收受财物。 刘安林严重违反党的政治纪律、组织纪律、廉洁纪律、工作纪律和生活纪律，构成严重职务违法并涉嫌 贪污、受贿等犯罪，在党的十八大后仍然不收手、不收敛、不知止，性质严重，影响恶劣，应予严肃处 理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分 ...

10月12日，中央纪委国家监委官网通报：中国人寿财产保险股份有限公司原党委书记、总裁刘安林被开除党籍。 值得关注的是，刘安林于2024年3月通报被查，距今已一年半有余。 据中央纪委国家监委驻中国人寿纪检监察组、山西省纪委监委消息：日前，中央纪委国家监委驻中国人寿纪检监察组、山西省临汾市监委对中国人寿财产 保险股份有限公司原党委书记、总裁刘安林严重违纪违法问题进行了纪律审查和监察调查。 经查，刘安林存在以下问题： ● 身为国有金融企业党员领导干部，丧失理想信念，背弃初心使命，政治意识淡漠，落实党中央重大决策部署不力，违规经营造成重大损失，履行全面从 严治党主体责任不力，政绩观不正，严重破坏所在单位政治生态； ● 无视中央八项规定精神，长期、多次违规收受他人赠送礼品，违规使用公务用车，接受可能影响公正执行公务的宴请；违反组织原则，多次违规提拔干 部，利用职权或者职务上的影响为多名亲友入职提供帮助； ● 廉洁底线失守，违规持有非上市公司股份，私自占用公物，违规发放奖金，大量挥霍浪费公司财产；工作严重不负责任，对委托投资项目不履行职责， 造成严重后果；生活腐化堕落，影响公职人员形象；破坏社会主义市场经济秩序，违规购买 ...