Core Viewpoint - The article emphasizes the role of China Life Insurance in stimulating consumer spending and supporting economic development through various financial services and products aimed at enhancing consumer confidence and capability [1][10]. Group 1: Insurance Support for Consumer Confidence - China Life Insurance is enhancing its insurance product offerings across health, accident, and retirement sectors, aiming to reduce families' need for precautionary savings by providing robust insurance coverage [2][3]. - In the first half of 2025, China Life Insurance reported a cumulative new insurance coverage amount exceeding 450 trillion yuan, with claims paid amounting to 237.2 billion yuan, reflecting a year-on-year growth of 14.7% [2]. - The launch of the "Guangzhou Kangning" disability income loss insurance product aims to alleviate the financial burden on residents facing long-term income loss due to disabilities [2]. Group 2: Credit Support to Enhance Consumer Willingness - China Life's subsidiary, Guangfa Bank, has introduced various promotional activities during key holidays to stimulate consumer spending, including discounts on travel and dining [5]. - Guangfa Bank has developed innovative financial products like "Guangfa Car e-loan" to facilitate car purchases, resulting in over a 26% increase in auto consumption loans by mid-2025 [6]. - The bank has also implemented a dual discount model combining government subsidies with bank-specific offers to encourage consumers to upgrade their purchases [6]. Group 3: Investment in Consumer Infrastructure - China Life is actively investing in consumer infrastructure, including a 48.5 million yuan investment in the first public REIT for agricultural markets, which supports local consumption and provides a stable supply for businesses [8]. - The company has established strategic partnerships to invest in commercial assets across major cities, enhancing the consumer experience and supporting economic growth [9]. - China Life is committed to improving financial services to create better consumption conditions and environments, thereby fostering a culture of consumption [10].
中国人寿 以高质量金融保险服务 支持提振和扩大消费