AXA(US:AXAHY) Zhong Guo Jin Rong Xin Xi Wang·2025-04-11 03:18Core Viewpoint - AXA Group is committed to deepening its presence in the Chinese market, driven by China's policy of expanding openness and the significant market potential it offers [1][2]. Group 1: AXA Group's Commitment and Strategy - AXA Group's executives expressed confidence in their strategy to deepen engagement in the Chinese market, highlighting the unprecedented opportunities presented by China's high-quality financial openness [1]. - The company has been rooted in China for 26 years and plans to continue leveraging its operational entities, including ICBC-AXA Life, AXA Tianping, and AXA Global Re, to strengthen its market position [1]. Group 2: Performance of ICBC-AXA Life - In 2024, ICBC-AXA Life is projected to achieve a net profit increase of 46% and a significant revenue growth of 318%, positioning it as a leader among joint venture life insurance companies in China [1][2]. Group 3: Collaboration with PICC - AXA Tianping is leading a collaboration with PICC, focusing on various areas such as local insurance services, underwriting support, and product innovation, with the first cooperation deal set to launch in Hong Kong in January 2025 [2]. - The partnership aims to provide comprehensive risk management solutions for Chinese enterprises, particularly in the new energy vehicle sector, as they expand internationally [2]. Group 4: Reinsurance Initiatives - In May, AXA Group's reinsurance team will conduct a roadshow in Shanghai Lingang to enhance the international visibility and influence of Shanghai as a global reinsurance center [3]. - The innovative policies and high-level openness of Lingang are expected to attract global reinsurance resources [3].