二、中国人寿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8月7日，国家金融监督管理总局雅安监管分局发布批复称，《关于中国人寿（601628）财产保险 股份有限公司石棉县支公司变更营业场所的请示》（国寿财险雅发〔2025〕34号）收悉。经审核，现批 复如下： 一、同意中国人寿财产保险股份有限公司石棉县支公司将营业场所变更为：四川省雅安市石棉县河北路 二段119号附13、14号。 未尽事项按国家金融监督管理总局有关规定办理。 ...

二、中国人寿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。 未尽事项按国家金融监督管理总局有关规定办理。 2025年8月7日，国家金融监督管理总局雅安监管分局发布批复称，《关于中国人寿（601628）保险股份 有限公司芦山县支公司龙门营销服务部营业场所变更的请示》（国寿人险雅字〔2025〕67号）收悉。经 审核，现批复如下： 一、同意中国人寿保险股份有限公司芦山县支公司龙门营销服务部将营业场所变更为：四川省雅安市芦 山县龙门镇青龙大道115号。 ...

Group 1 - The China Securities and Insurance Index (399966) has seen a strong increase of 4.25%, with significant gains from individual stocks such as Dongfang Wealth (300059) up by 10.84% and Changcheng Securities (002939) up by 10.04% [1] - In August, the number of insurance capital stake increases has reached 6, bringing the total for the year to 29, which significantly exceeds the 20 occurrences in 2024 and 26 in 2020, marking the second highest in history [1] - The majority of the stake increases are concentrated in the banking, public utilities, and energy sectors, with banks accounting for over half of the total, including 14 occurrences involving 7 banks [1] Group 2 - Tianfeng International indicates that while the pricing rates for insurance products will gradually decrease, they will still remain more attractive than bank deposits, maintaining a trend of funds flowing from bank savings into insurance [2] - The China Securities and Insurance ETF closely tracks the China Securities and Insurance Index, which selects securities from the insurance sector to provide diversified investment options [2] - As of July 31, 2025, the top ten weighted stocks in the China Securities and Insurance Index account for 63.18% of the index, including major companies like China Ping An (601318) and CITIC Securities (600030) [2]

Core Viewpoint - The article emphasizes the commitment of China Life to the "Two Mountains" concept, highlighting its efforts in promoting green finance and sustainable development over the past 20 years, contributing to ecological protection and economic growth [1][9]. Group 1: Green Finance Initiatives - China Life has expanded its green finance product offerings and improved service quality to support high-quality development and the construction of a beautiful China [1]. - In Anji County, China Life's subsidiary, Guangfa Bank, provided a credit line of 200 million yuan for bamboo industry upgrades and carbon sink projects, demonstrating the integration of green finance with ecological resource management [2]. - China Life Property & Casualty Insurance has launched marine carbon sink index insurance in Weihai, Shandong, to mitigate risks associated with marine environmental changes, showcasing innovative financial solutions for ecological protection [3]. Group 2: Investment in Clean Energy - China Life has strategically invested in clean energy sectors, including hydropower, wind, and solar energy, with a focus on supporting low-carbon and circular economy financing needs [5]. - The company initiated the "China Life-Lancang No. 1 Green Equity Investment Plan," investing 5 billion yuan to enhance hydropower capacity and promote clean energy investments, expected to reduce carbon emissions by approximately 37 million tons annually [5]. Group 3: Green Insurance Products - China Life's green insurance offerings have expanded significantly, providing risk coverage of approximately 8.64 trillion yuan by mid-2025, reflecting the growth of green insurance products [3]. - The company has developed innovative insurance solutions, such as biodiversity protection insurance and climate insurance, to cover various ecosystems, thereby enhancing the scale of green insurance [3]. Group 4: Community Engagement and Consumer Products - China Life has introduced "green car insurance" and "green home insurance" in Qinghai, linking insurance pricing to low-carbon practices, encouraging environmentally friendly choices among consumers [7]. - Guangfa Bank has launched a comprehensive automotive financial service plan to support the consumption of electric vehicles, with auto loan growth exceeding 26% in the first half of 2025 [7]. Group 5: Digital Transformation and Customer Service - China Life is integrating digital finance into its carbon reduction practices, offering various online platforms for customers to access insurance services efficiently [8]. - The company has achieved significant improvements in claims processing efficiency, with over 60% of auto insurance claims being processed through intelligent systems, enhancing customer experience [8].

Core Viewpoint - The recent listing of Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT marks a significant development in the public REITs market in China, with notable participation from insurance capital as strategic investors [1][3]. Group 1: Strategic Investors - Among the 76 strategic investors in Southern Runze Technology Data Center REIT, several insurance institutions are included, such as Ping An Health Insurance, Ping An Property Insurance, and Pacific Life Insurance [3]. - Southern Wanguo Data Center REIT also attracted investments from major insurance players like China Life Asset Management and Allianz Asset Management [3]. - The establishment of Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund, which includes investments from China Life and other firms, indicates a growing trend of insurance capital in the REIT sector [3]. Group 2: Investment Trends - Insurance capital has shown a strong interest in public REITs due to their characteristics aligning well with the investment needs of insurance companies, such as stable returns and strong liquidity [4]. - The current market environment has led insurance firms to adjust their asset allocation strategies, increasing their exposure to equity investments and alternative assets like public REITs to enhance investment returns [4]. - Data from Wind indicates that as of August 14, 14 public REITs have been issued this year, with insurance investment accounts participating significantly in offline offerings, with allocations exceeding 10% for both Southern Runze and Southern Wanguo REITs [3][4].

Core Viewpoint - The "Two Mountains" concept, proposed 20 years ago, emphasizes the relationship between economic development and ecological protection, showcasing its enduring value in guiding China's ecological civilization construction [1] Group 1: Green Finance Initiatives - China Life has actively implemented the "Two Mountains" concept by expanding green finance products and services, contributing to high-quality development and the construction of a beautiful China [1] - In Anji County, China Life's subsidiary Guangfa Bank provided a loan of 200 million yuan for bamboo industry upgrades and carbon sink projects, while also offering insurance services for forestry [2] - Guangfa Bank's green credit balance exceeded 210 billion yuan by mid-2025, supporting over 50 carbon reduction projects nationwide [2][3] Group 2: Innovative Insurance Products - China Life Property Insurance has developed various insurance products focusing on environmental protection, including pollution liability insurance and biodiversity protection insurance, achieving full coverage for carbon sink insurance across ecosystems [3] - By mid-2025, the green insurance provided by China Life Property Insurance offered risk coverage of approximately 86.4 trillion yuan [3] Group 3: Investment in Clean Energy - China Life has invested significantly in clean energy sectors, including hydropower, wind, and solar energy, with a strategic investment of 5 billion yuan to enhance hydropower capacity and support clean energy projects [5] - The investment is expected to reduce carbon emissions by nearly 37 million tons annually, marking it as the first certified green equity investment plan in the industry [5] Group 4: Support for Green Transformation - China Life has developed financial solutions to support companies transitioning from high carbon to low carbon emissions, exemplified by a financing plan for a leading glass manufacturer that links financing costs to emission reduction targets [6] - The innovative financing mechanism encourages companies to achieve their carbon reduction goals while benefiting from lower financing costs [6] Group 5: Promoting Green Consumption - China Life has introduced green insurance products that incentivize environmentally friendly choices, such as discounts for using remanufactured parts in vehicle repairs [8] - Guangfa Bank has launched a comprehensive automotive financial service plan to promote green consumption, with auto loans increasing by over 26% in the first half of 2025 [8] Group 6: Digital Transformation in Green Finance - China Life is integrating digital finance into its green initiatives, offering various online platforms for customers to access insurance services efficiently [9] - By mid-2025, the company processed over 3.91 million claims, with a significant portion handled through digital channels, enhancing customer experience and operational efficiency [9] Group 7: Commitment to Sustainable Development - China Life is committed to supporting ecological protection and sustainable development through its "333 strategy," aiming to enhance its capacity to facilitate green transformation in industries [10] - The company emphasizes the importance of financial support for ecological civilization and aims to contribute to harmonious coexistence between humans and nature [10]

中国人寿披露一则董事任职资格公告。 公告显示：中国人寿近日收到国家金融监督管理总局关于牛凯龙任职资格的批复。根据该批复，金融监 管总局已核准牛凯龙先生担任本公司董事的任职资格，其任职自2025年8月6日起生效。 公告亦指出：自同日起，牛凯龙先生担任本公司第八届董事会战略与资产负债管理委员会委员。 资事堂梳理公告发现，此次任职资格的批复等待达一年有余的时间。 牛凯龙何许背景？ 公告显示：牛凯龙自2022年12月起任中国人寿保险（集团）公司战略规划部（深化改革办公室）/董事 会办公室/中国人寿金融研究院总经理、院长。 他的简历显示：2020年6月至2022年12月他先后担任国寿健康产业投资有限公司战略与投资管理部负责 人，中国人寿保险（集团）公司战略规划部副总经理（主持工作）、中国人寿保险（集团）公司战略规 划部/董事会办公室（筹）总经理兼中国人寿金融研究院院长。 2017年4月至2020年6月先后担任中国人民保险集团股份有限公司战略规划部副总经理，人保再保险股份 有限公司监事、战略企划部副总经理（主持工作）、战略企划部/董事会办公室副总经理（主持工 作）。 牛凯龙毕业于南开大学，获金融学博士学位。牛凯龙为副研究 ...

Core Viewpoint - The recent listing of Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT marks a significant development in China's public REITs market, attracting substantial interest from institutional investors, particularly insurance funds [1][2]. Group 1: Market Overview - Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT were listed on August 8, with both products experiencing a price increase of 30% by the end of the trading day [2]. - The public offering of these REITs was met with enthusiastic subscription, with the public investor portion sold out in one day, leading to early closure and proportional allocation [2]. - Insurance institutions such as China Life Asset, Ping An Health Insurance, and others participated as strategic investors in these REITs [2][3]. Group 2: Investment Trends - Insurance funds are diversifying their investments into public REITs, with 14 public REITs issued this year, and insurance accounts participating in offline offerings, with allocations exceeding 10% for the two newly listed REITs [3]. - Public REITs are seen as a stable investment option that aligns well with the long-term investment needs of insurance funds, providing stable dividends and lower risk [4]. Group 3: Future Outlook - The public REITs market is expected to continue growing, with insurance funds likely to increase their allocation to these investment vehicles as they seek to optimize their asset allocation strategies [5]. - Despite the positive outlook, challenges remain, including the relatively small scale of public REITs and limited market liquidity, which may hinder large-scale investments from insurance funds [6].

Core Viewpoint - The recent listing of Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT marks a significant development in China's public REITs market, attracting substantial interest from institutional investors, particularly insurance funds [1][2]. Group 1: Market Development - Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT were listed on August 8, with both products experiencing a price increase of 30% by the end of the trading day [1]. - The public offering of these REITs was met with enthusiastic subscription, leading to a full sell-out of the public investor portion in just one day [1]. - As of August 14, 73 public REITs have been listed in China, covering various asset categories including infrastructure and energy [3]. Group 2: Insurance Fund Participation - Insurance funds are increasingly diversifying their investments into public REITs, with significant participation noted in the strategic placements of the newly listed REITs [1][2]. - Notable insurance institutions such as China Life Asset, Ping An Health Insurance, and others have been involved in the strategic placements of these REITs [1]. - Insurance funds have also engaged in offline offerings, with over 10% of the allocation for both Southern Runze and Southern Wanguo REITs going to insurance investment accounts [2]. Group 3: Advantages of Public REITs - Public REITs are recognized for their stable dividends and lower risk, aligning well with the investment needs of insurance funds [2]. - The current market environment, characterized by asset scarcity, has led to increased attention on public REITs from insurance capital [2]. - REITs are seen as a long-term investment tool with stable returns, strong liquidity, and relative transparency, making them suitable for long-term capital like insurance funds [2]. Group 4: Future Outlook - The public REITs market is expected to continue growing, with insurance funds likely to increase their allocation to these investment vehicles [3]. - Regulatory improvements, such as adjustments to risk factors for insurance company investments in public REITs, are anticipated to enhance the attractiveness of these investments [3]. - Despite the growth potential, challenges remain, including the relatively small scale of public REITs and limited market liquidity, which may hinder large-scale allocations by insurance funds [4].

Group 1 - The announcement states that China Life Insurance Co., Ltd. will act as an agent to sell certain open-end funds managed by the company starting from August 15, 2025 [1][3] - Investors can consult details through China Life's customer service at 95519 or visit their website [1] - The company emphasizes that while it commits to managing and utilizing fund assets with honesty and diligence, it does not guarantee profits or minimum returns for investors [1]