证券代码：601628 证券简称：中国人寿 编号：临 2025－040 议案表决情况：同意 6 票，反对 0 票，弃权 0 票 重要提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国人寿保险股份有限公司 第八届董事会第二十二次会议决议公告 本公司第八届董事会第二十二次会议于 2025 年 10 月 30 日以书面方式 通知各位董事，会议于 2025 年 11 月 6 日在北京召开。会议应出席董事 12 人，实际出席董事 9 人。董事长、执行董事蔡希良，执行董事利明光、刘 晖，非执行董事王军辉、胡锦、胡容，独立董事林志权、翟海涛现场出席 会议；独立董事卢锋以视频方式出席会议。执行董事阮琦因其他公务无法 出席会议，书面委托执行董事刘晖代为出席并表决；非执行董事牛凯龙因 其他公务无法出席会议，书面委托非执行董事胡容代为出席并表决；独立 董事陈洁因其他公务无法出席会议，书面委托独立董事翟海涛代为出席并 表决。本公司监事和管理层人员列席了会议。会议召开的时间、地点、方 式等符合《中华人民共和国公司法》等相关法律、行政法规、部门规 ...

Market Overview - A-shares rebounded on November 6, with the Shanghai Composite Index returning above 4000 points, and the ChiNext Index rising nearly 2% [1] - The total trading volume of the A-share market exceeded 2 trillion yuan, with the Hong Kong market also seeing gains, as the Hang Seng Index rose over 2% [1] Sector Performance - Nearly 2900 stocks in the market were in the green, with the storage chip concept regaining strength, highlighted by stocks like Demingli hitting the daily limit [2] - The phosphorus concept stocks surged, with companies like Qingshuiyuan and Chengxing Co. reaching their daily limit [8] - The semiconductor sector saw significant gains, with stocks like Changguang Huaxin and Hanwha Microelectronics experiencing notable increases [4] Storage Chip Market Dynamics - The global storage chip market is facing unprecedented structural supply-demand imbalances due to surging demand from data centers for DRAM, leading to supply shortages [5][6] - Samsung Electronics has suspended DDR5 contract pricing, prompting other manufacturers like SK Hynix and Micron to follow suit, resulting in a 25% increase in DDR5 spot prices within a week [5][6] - Analysts predict that DDR5 spot prices may rise by 30% to 50% in the upcoming quarter due to these supply constraints [6] Phosphorus Industry Insights - The phosphorus chemical industry is expected to maintain its favorable outlook, driven by the non-renewable nature of phosphorus ore and increasing environmental regulations [10] - The recent price increase in yellow phosphorus is attributed to reduced production and recovering demand for electrolyte raw materials, with the yellow phosphorus spot price reaching 22,200 yuan per ton [9][10] AI Industry Chain Activity - The AI industry chain, particularly CPO concepts, saw renewed activity, with stocks like Yuanjie Technology and Dongtianwei achieving significant gains [11] - The demand for AI data centers is projected to grow rapidly, with strong performance expected in related sectors such as advanced storage and logic expansion [12]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 中國人壽保險股份有限公司 CHINA LIFE INSURANCE COMPANY LIMITED (於中華人民共和國註冊成立之股份有限公司) (股份代號: 2628) 海外監管公告 本公告乃由中國人壽保險股份有限公司（「本公司」）根據香港聯合交易所有限公司上市 規則第 13.10B 條規定而刊登。 根據中華人民共和國（「中國」）有關法律法規，本公司於上海證券交易所網站 (www.sse.com.cn)及中國報章刊登「中國人壽保險股份有限公司第八屆董事會第二十二 次會議決議公告」。 茲載列該公告如下，僅供參閱。 執行董事： 蔡希良、利明光、劉暉、阮琦 非執行董事： 王軍輝、胡錦、胡容、牛凱龍 獨立非執行董事： 林志權、翟海濤、陳潔、盧鋒 | 證券代碼：601628 | 證券簡稱：中國人壽 | 編號：臨 | 2025－040 | | --- | --- | --- | --- | | 重要提示 | | | ...

Market Overview - A-shares rebounded on November 6, with the Shanghai Composite Index returning above 4000 points, and the ChiNext Index rising nearly 2% [1] - The total trading volume of the A-share market exceeded 2 trillion yuan, indicating increased market activity [1] Sector Performance - Nearly 2900 stocks in the market were in the green, with the storage chip concept regaining strength, highlighted by stocks like Demingli and Xiangnong Chip achieving significant gains [2][5] - The phosphorus concept stocks surged, with companies like Qingshuiyuan and Chengxing Co. hitting the daily limit [8][9] - The semiconductor sector saw strong performance, with stocks like Changguang Huaxin and Hanwha Microelectronics experiencing notable increases [4][7] Storage Chip Market Dynamics - The global storage chip market is facing unprecedented structural supply-demand imbalances due to surging AI demand, particularly for DRAM in data centers [7] - Major manufacturers like Samsung have paused DDR5 contract pricing, leading to a 25% increase in DDR5 spot prices within a week [7] - Analysts predict that the quarterly price increase for storage chips could reach 30%-50% due to supply chain disruptions and increased demand for domestic semiconductor materials [7] Phosphorus Industry Insights - The phosphorus chemical industry is experiencing a positive outlook, with the yellow phosphorus index rising over 7% in the past two weeks due to production cuts and recovering demand [10] - The price of yellow phosphorus reached 22,200 yuan per ton, reflecting a significant increase [10] - The scarcity of phosphorus resources and environmental regulations are expected to sustain high prices and improve the industry's overall health [10] AI Industry Chain Activity - Stocks related to the AI industry chain, particularly in the CPO concept, saw active trading, with companies like Yuanjie Technology and Dongtianwei achieving substantial gains [12][14] - The demand for AI data centers is projected to grow rapidly, with strong performance expected in related sectors such as advanced storage and logic chips [14]

华源证券研报指出，中国人寿第三季度营收和归母净利润分别同比增长54.8%和91.5%至2987亿元和1269亿元，从而拉动前三季度的营收和归母净利润的同比增速至25.9%和60.5%，3季度末 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA LIFE INSURANCE COMPANY LIMITED 公告 保險資金另類投資委託投資管理協議下之持續關連交易 茲提述本公司日期為2023年4月27日的公告及日期為2023年5月24日的通函，內容有關 本公司與國壽投資訂立的現有協議，現有協議將於2025年12月31日屆滿。 董事會宣布，本公司擬與國壽投資訂立新協議，據此，國壽投資將繼續在遵循有關法 律法規及監管機構所限定的保險資金運用的範圍內，以及本公司投資指引的前提下， 以自主方式對本公司委託給國壽投資的資產進行投資和管理，而本公司將就國壽投資 向本公司提供的投資和管理服務向其支付投資管理服務費、產品管理費、不動產運營 管理服務費及業績獎勵。 上市規則的影響 集團公司為本公司的控股股東，目前持有本公司約68.37%的已發行股本，為本公司的 關連人士。國壽投資是集團公司的全資附屬公司，為集團公司的聯繫人，也構成本公 司的關連人士。因此 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA LIFE INSURANCE COMPANY LIMITED 公告 續展國壽投資與安保基金之持續關連交易 茲提述本公司日期為2022年10月27日的公告，內容有關（其中包括）國壽投資與安保基 金訂立的現有框架協議，該協議將於2025年12月31日屆滿。 董事會宣布，國壽投資擬於現有框架協議屆滿後繼續與安保基金進行日常交易，主要 包括基金產品的認（申）購和贖回，以及私募資產管理。就此，國壽投資擬於2025年12 月31日前與安保基金訂立框架協議。 集團公司為本公司的控股股東，目前持有本公司約68.37%的已發行股本，為本公司的 關連人士。國壽投資是集團公司的全資附屬公司，為集團公司的聯繫人，也為本公司 的關連人士。資產管理公司為本公司的非全資附屬公司，並由集團公司持有其40%的 已發行股本，為本公司的關連附屬公司。安保基金為資產管理公司的非全資附屬公 司，也為本公司的關連附屬公司。因此，框架協 ...

Core Insights - The insurance sector experienced a rise of 1.67% on November 6, with China Life Insurance leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Insurance Sector Performance - China Pacific Insurance (China Life) saw a closing price of 8.63, with a gain of 2.49% and a trading volume of 774,100 shares, amounting to a transaction value of 666 million yuan [1] - New China Life Insurance closed at 67.75, up 2.23%, with a trading volume of 229,400 shares and a transaction value of 1.556 billion yuan [1] - China Life Insurance closed at 43.86, up 1.86%, with a trading volume of 147,100 shares [1] - China Taiping Insurance closed at 35.49, up 1.34%, with a trading volume of 476,300 shares and a transaction value of 1.689 billion yuan [1] - Ping An Insurance closed at 58.90, up 0.99%, with a trading volume of 547,300 shares [1] Capital Flow Analysis - The insurance sector saw a net inflow of 12.3 million yuan from institutional investors, while retail investors experienced a net outflow of 12.7 million yuan [1] - Retail investors contributed a net inflow of 4.3553 million yuan [1] Individual Stock Capital Flow - China Life Insurance had a net inflow of 59.4468 million yuan from institutional investors, while retail investors had a net outflow of 32.8861 million yuan [2] - New China Life Insurance saw a net inflow of 46.1293 million yuan from institutional investors, with a net outflow of 48.0146 million yuan from retail investors [2] - China Pacific Insurance experienced a slight net outflow of 3.81 thousand yuan from institutional investors, while retail investors had a net inflow of 3.3259 million yuan [2] - Ping An Insurance had a minimal net inflow of 1.0501 million yuan from institutional investors, with a significant net outflow of 72.2329 million yuan from retail investors [2]

Core Viewpoint - The domestic insurance stocks have seen a significant increase in their share prices, indicating positive market sentiment towards the sector [1] Group 1: Stock Performance - China Life Insurance (601628) has risen by 4.62%, reaching HKD 25.84 [1] - New China Life Insurance (601336) has increased by 4.59%, now priced at HKD 50.65 [1] - Ping An Insurance (601318) has experienced a 3.02% rise, with shares at HKD 57.95 [1] - China Pacific Insurance (02328) has grown by 2.6%, trading at HKD 18.91 [1]

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石河子分公司钟家庄镇营销服务部将营业场所变更为：新疆石河子 市144团（钟家庄镇）二社区常安路202栋3号。 2025年11月3日，石河子金融监管分局发布批复称，《关于中国人寿（601628）保险股份有限公司石河 子分公司钟家庄镇营销服务部变更营业场所的请示》（国寿人险石发〔2025〕77号）收悉。经审核，现 批复如下： ...