2025年11月14日，国家金融监督管理总局吕梁监管分局发布批复称，《中国人寿（601628）保险股份有 限公司山西省分公司关于撤销孝义市支公司兑镇营销服务部的请示》（国寿人险晋发〔2025〕339号） 收悉。经审核，现批复如下： 二、接此批复文件后，此公司应立即停止一切经营活动，于15个工作日内向吕梁金融监管分局缴回许可 证，并按照有关法律法规要求办理相关手续。 一、同意撤销中国人寿保险股份有限公司孝义市支公司兑镇营销服务部。 ...

二、接此批复文件后，此公司应立即停止一切经营活动，于15个工作日内向吕梁金融监管分局缴回许可 证，并按照有关法律法规要求办理相关手续。 一、同意撤销中国人寿保险股份有限公司吕梁分公司交口县坛索村营销服务部。 2025年11月14日，国家金融监督管理总局吕梁监管分局发布批复称，《中国人寿（601628）保险股份有 限公司山西省分公司关于撤销吕梁分公司交口县坛索村营销服务部的请示》（国寿人险晋发〔2025〕 342号）收悉。经审核，现批复如下： ...

二、接此批复文件后，此公司应立即停止一切经营活动，于15个工作日内向吕梁金融监管分局缴回许可 证，并按照有关法律法规要求办理相关手续。 一、同意撤销中国人寿保险股份有限公司文水县支公司开栅镇营销服务部。 2025年11月14日，国家金融监督管理总局吕梁监管分局发布批复称，《中国人寿（601628）保险股份有 限公司山西省分公司关于撤销文水县支公司开栅镇营销服务部的请示》（国寿人险晋发〔2025〕337 号）收悉。经审核，现批复如下： ...

一、同意撤销中国人寿保险股份有限公司孝义市支公司高阳镇营销服务部。 二、接此批复文件后，此公司应立即停止一切经营活动，于15个工作日内向吕梁金融监管分局缴回许可 证，并按照有关法律法规要求办理相关手续。 2025年11月14日，国家金融监督管理总局吕梁监管分局发布批复称，《中国人寿（601628）保险股份有 限公司山西省分公司关于撤销孝义市支公司高阳镇营销服务部的请示》（国寿人险晋发〔2025〕338 号）收悉。经审核，现批复如下： ...

二、接此批复文件后，此公司应立即停止一切经营活动，于15个工作日内向吕梁金融监管分局缴回许可 证，并按照有关法律法规要求办理相关手续。 一、同意撤销中国人寿保险股份有限公司孝义市支公司水峪煤矿营销服务部。 2025年11月14日，国家金融监督管理总局吕梁监管分局发布批复称，《中国人寿（601628）保险股份有 限公司山西省分公司关于撤销孝义市支公司水峪煤矿营销服务部的请示》（国寿人险晋发〔2025〕340 号）收悉。经审核，现批复如下： ...

一、同意撤销中国人寿保险股份有限公司文水县支公司西城乡营销服务部。 2025年11月14日，国家金融监督管理总局吕梁监管分局发布批复称，《中国人寿（601628）保险股份有 限公司山西省分公司关于撤销文水县支公司西城乡营销服务部的请示》（国寿人险晋发〔2025〕336 号）收悉。经审核，现批复如下： 二、接此批复文件后，此公司应立即停止一切经营活动，于15个工作日内向吕梁金融监管分局缴回许可 证，并按照有关法律法规要求办理相关手续。 ...

Core Viewpoint - The article provides an overview of the A-share market performance, highlighting the fluctuations in major indices and sector performances, with a focus on the banking sector and specific stocks that have shown significant movements [3][5][9]. Market Performance - As of midday, the Shanghai Composite Index decreased by 0.04%, the Shenzhen Component Index fell by 0.32%, while the ChiNext Index rose by 0.12% [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.11 trillion yuan, a decrease of 176.7 billion yuan compared to the previous trading day, with over 4,500 stocks declining [4]. Sector Highlights - The top-performing sectors included the shipbuilding sector, lithium extraction from salt lakes, precious metals, beauty care, and oil and gas [3]. - The banking sector showed strength, with China Bank's stock price reaching a new high, increasing by over 2% [5][6]. Notable Stocks - China Bank's stock rose by 2.60% to 5.93 yuan, while other banks like Everbright Bank and Traffic Bank also saw gains of 1.98% and 1.75%, respectively [6]. - Several high-position stocks continued to decline, with some experiencing limit-down situations [6]. Additional Market Indicators - The shipping index for European routes dropped over 2%, currently at 1649 points [5]. - Lithium carbonate futures saw an increase of over 4% during the day [7]. International Market Context - The Hong Kong market opened with the Hang Seng Index up by 0.09%, and notable gains were seen in companies like Baidu and XPeng Motors [10]. Economic Indicators - The People's Bank of China conducted a 31.05 billion yuan reverse repurchase operation with a rate of 1.40%, while the previous day's reverse repos amounted to 19.55 billion yuan [11]. - The central parity rate of the RMB against the USD was reported at 7.0872, depreciating by 16 basis points from the previous day [12].

Core Viewpoint - The insurance sector is experiencing a strong performance, with major companies seeing significant stock price increases. Group 1: Company Performance - China Life Insurance and China Pacific Insurance both saw their stock prices rise by over 3% [1] - China People’s Insurance, New China Life Insurance, and Ping An Insurance also followed suit with similar gains [1]

Core Viewpoint - Insurance capital is increasingly entering the real estate sector, driven by the need for stable cash flows and the long-term nature of real estate investments [1][2][3] Group 1: Recent Transactions - Lujiazui Guotai Life Insurance announced the purchase of the Qiantan Hui N5 office building in Shanghai for a total price of 895 million yuan (approximately 8.95 billion yuan, including VAT), completed on October 31 [2] - Other insurance companies, including Zhong Postal Insurance, have also made significant real estate investments, such as the acquisition of the landmark project Bohua Plaza in Shanghai [2] Group 2: Investment Characteristics - Real estate, particularly commercial office buildings in first-tier cities, offers long-term stable returns and aligns well with the long-term liabilities of insurance capital [3] - The value stability and strong anti-inflation capabilities of real estate help diversify investment risks and reduce the impact of price fluctuations on overall investment portfolios [3] Group 3: Market Trends - In the current asset scarcity environment, high-quality real estate projects are expected to provide stable rental income and potential appreciation [4] - The insurance sector is diversifying its investment methods in real estate, with examples including the listing of Huaxia Kaide Commercial REIT and the establishment of a 16 billion yuan Pre-REITs acquisition fund [4] Group 4: Professional Investment Capabilities - Real estate investment is complex and requires high professional capabilities from investment institutions, necessitating the establishment of a robust research and investment system [5] - Insurance companies must enhance their asset valuation capabilities and develop differentiated assessment models for various types of underlying assets [6]

2、摩根基金管理（中国）有限公司 摩根基金管理（中国）有限公司（以下简称"本公司"）已与中国人寿保险股份有限公司（以下简称"中 国人寿"）签订了基金销售代理协议，现决定自本公告之日起，新增中国人寿为本公司以下基金的代销 机构。投资人可通过中国人寿开展以下基金的申购、赎回、定期定额等相关业务。具体的业务流程、办 理时间和办理方式以中国人寿的规定为准。 ■ 有关上述基金销售的具体事宜请仔细阅读上述基金的招募说明书、基金产品资料概要及基金合同等相关 法律文件。 投资者可通过以下途径咨询有关详情： 1、中国人寿保险股份有限公司 客服电话：95519 公司网址：www.e-chinalife.com 客服电话：400-889-4888 公司网址：am.jpmorgan.com/cn 特此公告。 摩根基金管理（中国）有限公司 二○二五年十一月十九日 ...