本报讯 （记者冷翠华）近日，国电投核能有限公司（以下简称"电投核能"）通过国家电投集团产融控 股股份有限公司重大资产重组成功上市，国家电投集团成功打造核电运营资产专营平台，核能业务高质 量发展再启新征程。电投核能上市，也是中国人寿资产管理有限公司（以下简称"国寿资产"）首个通过 上市公司重大资产重组实现退出的另类投资股权项目。 国寿资产表示，"十五五"时期，将继续把创新实践优势、丰富案例优势和资金规模优势持续转化为"量 身定制"解决方案的投资能力优势和价值发现优势，不断深入挖掘具备一二级市场联动潜力或并购重组 潜力的投资机会，通过更加丰富的另类投资方式，支持资本市场发展，更好服务实体经济。 （编辑 李家琪） 投资电投核能，是国寿资产发挥耐心资本作用，做好科技金融"大文章"，助推实现高水平科技自立自强 的积极探索。电投核能旗下AP1000三代核电自主化依托项目顺利商运，为推动国家科技重大专项落 地，建成具有自主知识产权的大型先进压水堆CAP1400，带动形成先进非能动核电产业链，以新型号新 技术持续促进科技高水平自立自强夯实了坚实基础。同时，国寿资产立足长期投资优势，深耕绿色金 融，促进美丽中国建设和绿色低碳转 ...

Core Viewpoint - The transaction involving the issuance of shares by Electric Power Investment and Financing (000958.SZ) to acquire assets from China National Nuclear Technology Company and China Life Insurance has been completed, resulting in significant changes in shareholding structure and control [1] Group 1: Transaction Details - The company has completed the issuance of 11,989,710,207 shares as part of the asset purchase approved by the China Securities Regulatory Commission on December 26, 2025 [1] - Following the transaction, the total shareholding of the State Power Investment Group and its concerted parties in the company is now 59.44%, with China National Nuclear directly holding 43.62% and State Power Investment holding 15.42% [1] - The controlling shareholder of the company will change from State Power Investment Group to China National Nuclear, although the actual controller remains State Power Investment Group [1] Group 2: Shareholding Changes - China Life Insurance has become a new shareholder with a 25.40% stake, while previous major shareholders South Grid Investment and Cloud Energy Capital have seen their holdings diluted to 3.70% and 2.75%, respectively [1]

Core Viewpoint - The insurance sector experienced a rise of 2.14% on January 13, with New China Life leading the gains, while the overall market indices saw declines [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4138.76, down 0.64% [1] - The Shenzhen Component Index closed at 14169.4, down 1.37% [1] Group 2: Individual Stock Performance - New China Life (601336) closed at 83.47, up 4.26% with a trading volume of 341,300 shares and a turnover of 2.836 billion [1] - China Life (601628) closed at 51.03, up 3.22% with a trading volume of 216,000 shares and a turnover of 1.101 billion [1] - China Pacific Insurance (601601) closed at 45.91, up 1.17% with a trading volume of 392,100 shares and a turnover of 1.814 billion [1] - China Ping An (601318) closed at 68.20, up 0.96% with a trading volume of 1,502,200 shares and a turnover of 10.342 billion [1] - China Re (601319) closed at 9.92, up 1.22% with a trading volume of 1,053,100 shares and a turnover of 1.051 billion [1] Group 3: Fund Flow Analysis - The insurance sector saw a net outflow of 467 million from institutional investors, while retail investors contributed a net inflow of 418 million [1] - New China Life had a net inflow of 212 million from institutional investors, while retail investors had a net outflow of 171 million [2] - China Life experienced a net inflow of 104 million from institutional investors, with retail investors seeing a net outflow of 8.424 million [2] - China Pacific Insurance had a net outflow of 23.39 million from institutional investors, while retail investors had a net inflow of 61.86 million [2] - China Ping An faced a significant net outflow of 718 million from institutional investors, while retail investors had a net inflow of 597 million [2]

Group 1 - The second China Life·CBA Club Cup promotional event was held on January 13, marking the official arrival of this top domestic basketball event in Hohhot, which will inject strong momentum into the development of sports in Inner Mongolia [3] - The event will take place from February 6 to 12, featuring 8 top domestic basketball teams competing in a single-elimination format, with a total of 8 intense matches scheduled [6] - Hohhot is leveraging the event as a core engine to promote deep integration of sports, tourism, culture, and commerce, offering visitors opportunities to explore historical sites, enjoy local cuisine, and participate in winter activities while experiencing the vibrant culture of the city [8]

Market Overview - On January 13, the A-share market saw a collective decline in the three major indices, with the Shanghai Composite Index closing at 4163.84 points, down 0.03% [2] - The Shenzhen Component Index fell by 0.31%, and the ChiNext Index decreased by 0.83% [2][3] - A total of 2427 stocks rose while 2862 stocks fell, indicating a mixed market sentiment [3] Sector Performance - The healthcare services, lithium mining, precious metals, and insurance sectors showed strong performance, while sectors such as commercial aerospace, communication equipment, and shipbuilding faced declines [3][4] - Lithium mining stocks experienced a significant surge, with companies like Tibet Summit reaching a 10% limit up, and others like Salt Lake Co. and Ganfeng Lithium rising over 7% [6][7] Lithium Mining Sector - The lithium mining sector saw a notable rally, with the main contract for lithium carbonate futures on the Shanghai Futures Exchange surpassing 170,000 yuan per ton, marking a rise of over 9% [6] - Key stocks in this sector include: - Tibet Summit: 19.49 yuan, up 9.99%, market cap of 17.8 billion yuan - Ganfeng Lithium: 72.83 yuan, up 7.15%, market cap of 144.5 billion yuan - Salt Lake Co.: 34.24 yuan, up 7.13%, market cap of 181.2 billion yuan [7] Insurance Sector - The financial sector was active, with the insurance sector showing strength. China Life Insurance rose over 3%, reaching 50.94 yuan per share, with a market cap of 1.2794 trillion yuan [10] - China Ping An increased by over 2%, priced at 68.92 yuan per share, with a market cap of 1.2034 trillion yuan [12] - Analysts predict that by 2026, new premium income for listed insurance companies will achieve double-digit growth, driven primarily by the bancassurance channel [15] AI Healthcare Sector - AI healthcare stocks were notably active, with several companies hitting the daily limit up. Notable performers included: - Nossg: 76.48 yuan, up 20.01%, market cap of 7.4 billion yuan - Pruis: 72.24 yuan, up 20.00%, market cap of 5.7 billion yuan - Hongbo Medicine: 56.64 yuan, up 20.00%, market cap of 7.9 billion yuan [18] - Nvidia announced a joint investment of $1 billion with Eli Lilly to establish an AI drug laboratory, which is expected to accelerate medical discoveries [17] Precious Metals Sector - The precious metals sector saw a significant rise, with spot gold prices reaching a record high of $4630.28 per ounce [20] - Key stocks in this sector include: - Hunan Silver: 9.21 yuan, up 9.90%, market cap of 26 billion yuan - Xiaocheng Technology: 38.54 yuan, up 8.72%, market cap of 10.6 billion yuan [21]

一、同意中国人寿保险股份有限公司饶阳支公司留楚镇营销服务部将营业场所变更为：河北省衡水市饶 阳县留楚镇留楚村创业东路25号。 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。 2026年1月6日，衡水金融监管分局发布批复称，《关于中国人寿（601628）保险股份有限公司饶阳支公 司留楚镇营销服务部变更营业场所的请示》（国寿人险冀发〔2025〕533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文山市支公司南桥营业部将营业场所变更为：云南省文山壮族苗族 自治州文山市城北片区仁和苑一期G幢二、三层(华龙南路与龙翔路交叉口)。 2026年1月9日，文山金融监管分局发布批复称，《中国人寿（601628）保险股份有限公司文山分公司关 于中国人寿保险股份有限公司文山市支公司南桥营业部变更营业场所的请示》(国寿人险文发〔2025〕 58号)收悉。经审核，现批复如下： 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。 ...

一、同意中国人寿保险股份有限公司康定市新都桥镇营销服务部将营业场所变更为：四川省甘孜藏族自 治州康定市新都桥镇玉日东路34号。 2026年1月8日，甘孜金融监管分局发布批复称，《关于申请变更中国人寿（601628）保险股份有限公司 康定市新都桥镇营销服务部营业场所的请示》(国寿人险甘发〔2025〕134号)收悉。经审核，现批复如 下： 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。 ...

Market Overview - The A-share market experienced a narrow fluctuation with the Shanghai Composite Index down 0.03% at 4163.84 points, the Shenzhen Component down 0.31% at 14321.8 points, and the ChiNext Index down 0.83% at 3360.23 points, as well as the STAR Market Index down 1.77% at 1485.01 points, with a total trading volume of 2.44 trillion yuan and over 2800 stocks declining [1] Hot Sectors - The AI application sector led the market, with stocks like Easy Point World, Liou Shares, and Gravity Media hitting the daily limit, while AI medical concepts remained active with companies like Meian Health and Dean Diagnostics achieving three consecutive limit-ups [2][1] - The innovative drug sector saw significant gains, with Hongbo Pharmaceutical hitting the daily limit and other companies like Chengdu Xian Dao and Rui Zhi Pharmaceutical rising over 10% [3] - The insurance sector remained active, with China Life rising over 4% and other major insurers following suit, driven by policy support and macroeconomic changes [4] Securities Sector - The securities sector showed a rising trend, with Huayin Securities hitting the limit and other firms like Founder Securities and GF Securities also experiencing gains [5] Trading Volume - The trading volume in the Shanghai and Shenzhen markets reached a record high of 3.6 trillion yuan, indicating strong market activity [6] Institutional Insights - Zhongtai Securities noted that the market may maintain active trading under policy support, with long-term funds providing a necessary liquidity condition [7] - Dongfang Securities commented on the current healthy market trend, despite concerns about potential adjustments due to increased trading volume [8][9] - CITIC Securities highlighted the potential impact of the cancellation of export tax rebates for the photovoltaic industry, suggesting short-term challenges but long-term opportunities for high-quality development [10]

Core Viewpoint - The strong performance of insurance stocks is driven by better-than-expected data for the 2026 New Year sales, with leading insurance companies showing significant growth in new policies [1] Group 1: Stock Performance - China Ping An (601318) rose by 2.85% to HKD 70.45 [1] - China Pacific Insurance (02328) increased by 2.52% to HKD 16.66 [1] - China Life (601628) saw a rise of 2.32% to HKD 32.62 [1] - New China Life (601336) grew by 2.14% to HKD 62.15 [1] Group 2: Market Drivers - Huaxi Securities reported that the strong performance in new policy sales during the 2026 New Year period, with some leading insurers showing over 70% year-on-year growth in new policies, is a direct catalyst for the current rise in insurance stocks [1] - The low base from the previous year contributes to the strong momentum observed in the leading insurance companies this year [1] Group 3: Investment Trends - Insurance products are expected to attract part of the funds from savings due to their relative yield advantages [1] - Concerns regarding interest margin losses have significantly eased, leading to a gradual elimination of valuation pressures on the sector [1] Group 4: Future Projections - Guojin Securities anticipates that the shift of bank insurance will drive high growth in new policies and new business value (NBV) in 2026 [1] - Since 2020, residents have increased their precautionary savings, with new deposits consistently exceeding CNY 10 trillion, particularly in 2021, 2023, and 2024, with new deposits of CNY 9.9 trillion, CNY 16.67 trillion, and CNY 14.26 trillion respectively [1] - A significant portion of these high-interest deposits is expected to mature in 2026, with a potential shift of funds towards insurance products amid declining deposit rates and a shortage of medium to long-term deposit supply [1]