二、接此批复文件后，中国人寿保险股份有限公司大邑县支公司三岔营销服务部、中国人寿保险股份有 限公司都江堰市支公司玉堂营销服务部、中国人寿保险股份有限公司简阳市支公司施家营销服务部、中 国人寿保险股份有限公司简阳市支公司高明营销服务部、中国人寿保险股份有限公司简阳市支公司平泉 营销服务部、中国人寿保险股份有限公司成都市双流区支公司黄龙溪营销服务部应立即停止一切经营活 动，于15个工作日内向四川金融监管局缴回许可证，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大邑县支公司三岔营销服务部，中国人寿保险股份有限公司都 江堰市支公司玉堂营销服务部，中国人寿保险股份有限公司简阳市支公司施家营销服务部，中国人寿保 险股份有限公司简阳市支公司高明营销服务部，中国人寿保险股份有限公司简阳市支公司平泉营销服务 部，中国人寿保险股份有限公司成都市双流区支公司黄龙溪营销服务部。 2025年12月25日，四川金融监管局发布批复称，《关于撤销中国人寿（601628）保险股份有限公司大邑 县支公司三岔营销服务部等6家营销服务部的请示》(国寿人险川发〔2025〕334号)及相关补正材料收 悉。经审核，现批复如下 ...

2025年12月26日，据中央纪委国家监委驻中国人寿纪检监察组、江西省纪委监委消息，日前，中央纪委国家监委驻中国人寿纪检监察组、江西省上饶市监委 对中国人寿保险（集团）公司原党委书记、总裁杨超严重违纪违法问题进行了纪律审查和监察调查。 经查，杨超身为金融央企党员领导干部，丧失理想信念，背弃初心使命，政治信仰动摇，对党不忠诚不老实；纪律意识淡薄，无视中央八项规定精神，违规 收受礼品和接受宴请，长期违规配备、使用公务用车；违背组织原则，在组织函询时不如实说明问题，在干部职级晋升、职工录用等工作中为他人谋取利益 并收受财物；廉洁底线失守，退而不休，违规兼职取酬，违规经商办企业；家风不正，长期纵容默许亲属利用其职权或影响力谋取私利；插手投资活动，非 法收受巨额财物，系投资领域腐败的典型。 经中国人寿保险（集团）公司党委研究，决定给予杨超开除党籍处分，按规定取消其享受的待遇；收缴其违纪违法所得；涉嫌犯罪问题由江西省上饶市监委 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，2011年，杨超退休，不再担任中国人寿集团相关职务。2025年3月，据中央纪委国家监委网站消息，杨超涉嫌严重违纪违法被查，在退休14 年 ...

二、接此批复文件后，中国人寿财产保险股份有限公司辽宁省分公司应立即停止一切经营活动，于15个 工作日内向国家金融监督管理总局辽阳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12月26日，国家金融监督管理总局辽阳监管分局发布批复称，《中国人寿财产保险股份有限公司 辽宁省分公司关于撤销中国人寿财产保险股份有限公司灯塔市佟二堡镇营销服务部的请示》(国寿财险 辽发〔2025〕545号)收悉。经审核，现批复如下： 2025年12月26日，国家金融监督管理总局辽阳监管分局发布批复称，《中国人寿财产保险股份有限公司 辽宁省分公司关于撤销中国人寿财产保险股份有限公司灯塔市佟二堡镇营销服务部的请示》(国寿财险 辽发〔2025〕545号)收悉。经审核，现批复如下： 一、同意撤销中国人寿财产保险股份有限公司灯塔市佟二堡镇营销服务部。 二、接此批复文件后，中国人寿财产保险股份有限公司辽宁省分公司应立即停止一切经营活动，于15个 工作日内向国家金融监督管理总局辽阳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、同意撤销中国人寿财产保险股份有限公司灯塔市佟二堡镇营销服务部。 ...

Core Viewpoint - The China Life Insurance Company Sichuan Branch has demonstrated significant growth and commitment to high-quality development over the past five years, positioning itself as a leader in the insurance sector in Sichuan, while also contributing to national and regional development strategies [1][2] Group 1: Company Performance and Development - The total premium income of China Life Insurance Sichuan Branch exceeded 33.5 billion yuan in 2024, marking a historical high [1] - The company has maintained its position as the fifth largest in total premium scale nationally and has consistently led in business and manpower advantages within the Sichuan life insurance market [1] - The company aims for a dual focus on scale and value, achieving a high-quality development trajectory that integrates responsibility and growth [1] Group 2: Leadership and Organizational Structure - The company emphasizes high-quality party building as a core driver for high-quality development, with a focus on implementing the central government's decisions [1] - The new party committee has introduced a work philosophy that prioritizes party leadership in all operations and addresses challenges through party initiatives [1] - The company has established a "dual heart" development philosophy focusing on grassroots and employee welfare, alongside a "five excellence" development goal [1] Group 3: Community and Social Responsibility - The company has launched the "Rural Revitalization Insurance" to support rural communities, addressing insurance accessibility issues for farmers [2] - It has provided coverage for approximately 7.7 million people through inclusive insurance products since 2025, enhancing service quality for rural populations [2] - The company has collaborated with local organizations to donate 15,000 cancer insurance policies, totaling 150 million yuan, to support women's health [2] Group 4: Strategic Contributions and Future Plans - The company integrates its development with national strategies, particularly focusing on the Chengdu-Chongqing economic circle and infrastructure projects [1] - It aims to enhance its product offerings in green transformation and technological innovation, achieving double-digit growth in premiums for related sectors [1] - Looking ahead, the company plans to continue promoting its "five spirits" and actively contribute to the broader development goals of Sichuan [2]

Group 1 - The financial sector has collectively risen, with notable increases in stock prices for major companies: China Life up 4.38% to HKD 28.58, Xinhua Insurance up 3.4% to HKD 56.2, Huatai Securities up 4.36% to HKD 19.64, and CITIC Securities up 4.01% to HKD 28.5 [1][1][1] - The People's Bank of China recently released the "China Financial Stability Report (2025)", indicating that the financial system will implement more proactive macro policies to prevent and resolve risks in key areas [1][1] - The report emphasizes the need to improve the institutional and policy environment conducive to long-term investments, significantly increasing the scale and proportion of various long-term funds actually invested in A-shares [1][1] Group 2 - Guosen Securities notes that the insurance industry is entering an upward cycle in both liability and asset sides, benefiting from trends such as the migration of bank deposits and successful short-term initiatives [1][1] - On the asset side, long-term interest rates are stabilizing, and the capital market remains active, which helps alleviate risks associated with interest margin losses due to the gradual reduction of preset interest rates [1][1] - The "integration of insurance and banking" is promoting industry consolidation and reducing internal competition, leading to a positive outlook for the insurance sector; increased market risk appetite and high trading activity are benefiting the brokerage sector in terms of both valuation and performance [1][1]

Group 1 - The core viewpoint of the articles highlights the strong capital strength and operational confidence of the insurance industry, as evidenced by the mid-term dividend distributions totaling approximately 29.336 billion yuan from four major A-share listed insurance companies [1] - China Ping An has the largest dividend distribution amounting to 17.202 billion yuan, while the overall mid-term dividend scale has increased by 8.8% compared to 2024, indicating robust financial performance [1] - The dividends are supported by stable investment performance, with insurance companies optimizing asset allocation to achieve a rebound in total investment returns, providing sufficient cash flow for dividends [1] Group 2 - The insurance industry's overall strength has been enhanced, with total assets reaching 40.40 trillion yuan, a year-on-year increase of 15.42% as of the end of Q3 2025 [2] - Insurance companies have adjusted their investment strategies, leading to a significant increase in investment returns, with the balance of insurance funds invested in the equity market rising substantially [2] - The optimization of liability structures within insurance companies has strengthened their risk resistance and dividend stability, transitioning from traditional life insurance products to dividend-type products [2] Group 3 - Recent policies, including the "New National Guidelines," have provided clear direction and institutional support for insurance companies to enhance dividend stability and frequency, making mid-term dividends a strategic priority [3] - The policies have not only stimulated the amount of single dividends but also encouraged more frequent distributions, thereby improving the timing structure of dividends [3] - Future recommendations include establishing a transparent and predictable long-term dividend framework and exploring a combination of cash dividends and stock buybacks to enhance shareholder value [3]

Group 1 - The National Financial Supervision Administration of Fuxin has approved the request for the cancellation of the marketing service department of China Life Insurance Co., Ltd. in Qijiazitou Town, Fuxin Mongolian Autonomous County [1] - Following the approval, the marketing service department must cease all business activities immediately and return its license to the Fuxin Financial Supervision Bureau within 15 working days [1] - The company is required to handle related procedures in accordance with relevant laws and regulations after receiving the approval document [1]

Investment Rating - The report indicates a positive outlook for the insurance industry, with expectations of double-digit growth in new premiums and net profit value (NBV) driven by the migration of deposits and improved margins [2][22]. Core Insights - The insurance sector is expected to benefit from strong household savings demand, with insurance products becoming increasingly attractive as low-risk savings options amid declining bank deposit rates [2][22]. - The transition towards participating insurance products is anticipated to enhance market share for leading insurance companies, as they leverage their stronger investment capabilities and distribution channels [2][3]. - The report highlights a favorable market environment for insurance stocks, driven by high demand for new policies and a stable investment return outlook, which is expected to support valuation recovery [4][8]. Summary by Sections Liability Side Outlook - New business and NBV are projected to grow at double-digit rates, supported by strong household savings and a shift towards insurance products due to declining bank deposit rates [2][22]. - The insurance sector is expected to maintain stable margins despite the downward adjustment of preset interest rates and the transition to participating insurance [2][22]. Asset Side Outlook - Insurance funds are expected to actively enter the market, with a significant portion of new premiums allocated to equities, particularly in A-shares [3][16]. - The report anticipates a diversified approach to asset allocation, with a focus on high-dividend stocks and sectors such as technology and advanced manufacturing [3][19]. Market Performance Review - The insurance sector has outperformed the broader market, with significant gains in both A-shares and H-shares, indicating strong investor confidence [8][4]. - The report notes that the insurance index has increased by 27.0%, outperforming the CSI 300 index, which rose by 18.2% [8]. Premium Income and Profitability - New premium income is expected to achieve double-digit growth, with specific companies like China Life and Ping An showing substantial increases in their new business premiums [14][32]. - The report highlights the importance of maintaining a favorable cost structure and investment returns to support profitability in the insurance sector [4][11].

Core Viewpoint - The company has completed the acquisition of 100% equity of Guodian Power Nuclear through asset swap and share issuance, finalizing the related procedures [1] Group 1: Transaction Details - The assets disposed of by the company include 100% equity of Capital Holdings, which has been transferred to State Nuclear Power [1] - The assets acquired are 100% equity of Guodian Power Nuclear, received from State Nuclear Power and China Life Insurance [1] Group 2: Follow-up Actions - Subsequent matters related to the transaction include determining the transitional period profit and loss, registering and listing new shares, raising matching funds, and amending the company's articles of association [1]

Core Insights - The insurance industry in Shandong is accelerating its development in high-quality growth, risk protection, and public service, responding to economic transformation and social demand changes [1] - The "Influential Shandong 2025 Annual Insurance Industry Impact Assessment" event recognized 38 insurance companies for their contributions to the industry [1][2] - Digital transformation, smart risk control, and inclusive insurance are key trends driving innovation in the Shandong insurance sector [2] Industry Developments - The insurance sector is becoming a stabilizer, booster, and ballast for high-quality development, extending its services from personal pensions to family health and disaster response [1] - The total votes for the impact assessment exceeded 2.4 million, indicating strong public engagement and interest in the insurance industry [2] - The event highlighted the importance of integrating technology with insurance services, enhancing efficiency and social influence [2] Award Winners - The most influential insurance companies in Shandong for 2025 include major players such as People's Insurance Company of China, China Life, and Ping An Life [3][4] - The best claims service companies recognized include China Life Property Insurance and Sunshine Property Insurance [4] - The leading insurance products awarded include various life and health insurance plans, showcasing innovation in product offerings [5] Media Influence - Qilu Evening News, the organizer of the event, has a significant media presence in Shandong, with over 1.05 billion downloads of its app and a daily active user base exceeding 1.75 million [3] - The media outlet has adapted to new communication trends, focusing on mobile platforms and smart content production to enhance its reach and effectiveness [2]