一周保险速览（7.4—7.11）

Industry Focus - The People's Bank of China announced plans to improve the operational mechanism of the "Southbound Bond Connect," allowing more domestic investors to invest in offshore bond markets, expanding the range of eligible domestic investors to include securities firms, funds, insurance companies, and wealth management firms [1] Corporate Dynamics - ZhongAn Online has completed the placement of 215 million new H-shares, raising a total of HKD 39.24 billion, with the placement price set at HKD 18.25 per share, representing 13.15% of the enlarged issued H-shares and 12.76% of the total issued shares [2] - China Life announced a profit distribution plan for 2024, with a total cash dividend of RMB 12.719 billion, distributing RMB 0.45 per share based on a total share capital of 28,264,705,000 shares [3] - Xinhua Insurance plans to invest RMB 11.25 billion in a private equity fund, which has a total fund size of RMB 22.5 billion, with the investment contract signed but pending regulatory approval [4] - Jintai Property Insurance has received approval from the Sichuan Financial Regulatory Bureau to increase its registered capital from RMB 2.379 billion to RMB 3.188 billion through capital reserve conversion, with shareholders' equity ratios remaining unchanged [5] Financial Personnel Changes - Bai Kai, a vice president of China Life, has been appointed as the new Party Secretary of Taiping Life and will also serve as the general manager of Taiping Life, marking his entry into the central management cadre [6] - Lei Wanchun, the deputy secretary of the Party Committee at Sanxia Life, is reported to be nominated as the new general manager, filling a six-year vacancy in the position [7] - Tong Tianxi has officially taken over as the chairman of Sino-Italian Life Insurance, succeeding Zhao Xuesong, with the company reporting a net profit of RMB 1.3 billion in 2024 but a 68% year-on-year decline in net assets due to new accounting standards [8] - Niu Zengliang has been appointed as the general manager of Huatai Life, effective July 10, 2025, following approval from the regulatory authority [9]