Zhong Guo Zheng Quan Bao·2025-05-07 21:33Core Viewpoint - The company provides a detailed overview of its investment-linked insurance products, including the establishment of various investment accounts and their respective investment strategies and performance metrics for the year 2024 [1][6][10]. Group 1: Basic Information - The company has been selling investment-linked insurance products since April 2008, specifically the Guoshou Yufeng Investment-linked Insurance, which includes four investment accounts [1]. - The investment accounts are managed according to regulations set by the China Banking and Insurance Regulatory Commission and include the Guoshou Jinqi Stock Investment Account, Guoshou Selected Value Investment Account, Guoshou Balanced Growth Investment Account, and Guoshou Stable Bond Investment Account [1]. Group 2: Investment Accounts Overview - Guoshou Jinqi Stock Investment Account: Established on May 4, 2008, aims for steady asset growth through investments in leading large-cap companies while managing risks [2]. - Guoshou Selected Value Investment Account: Also established on May 4, 2008, focuses on constructing a fund portfolio to achieve stable long-term asset growth [3]. - Guoshou Balanced Growth Investment Account: Established on May 4, 2008, seeks high investment returns through active asset allocation and selection of valuable investment products [4]. - Guoshou Stable Bond Investment Account: Established on May 4, 2008, prioritizes capital safety while pursuing higher returns and maintaining liquidity [5]. Group 3: Financial Performance - The investment accounts reported varying net asset values and performance metrics as of December 31, 2024, with the Guoshou Jinqi Stock Investment Account showing a net value growth rate of -5.01%, while the Guoshou Selected Value Investment Account achieved a growth rate of 13.16% [10][11]. - The overall financial situation as of December 31, 2024, indicates total assets of approximately 37.46 billion RMB across all accounts, with net assets totaling around 35.23 billion RMB [7][14]. Group 4: Market Conditions and Outlook - The bond market in 2024 experienced a decline in yields compared to 2023, with the average yield for 10-year government bonds at 2.22%, down over 50 basis points from the previous year [9]. - The equity market saw significant growth, with the CSI 300 Index rising by 14.68% and the ChiNext 50 Index increasing by 21.07% in 2024, driven by favorable policies and improved market sentiment [10]. - The outlook for 2025 suggests a continued decline in bond yields, with expectations of a gradual recovery in corporate earnings amid ongoing economic uncertainties [13].