Mei Ri Jing Ji Xin Wen·2025-08-08 07:26Core Viewpoint - The appointment of Li Zhuyong as Vice Chairman and President of China Life Group marks a significant leadership change, with expectations for enhanced risk management and strategic growth initiatives in the insurance sector [1][2][4]. Group 1: Leadership Changes - Li Zhuyong has been appointed as Vice Chairman and President of China Life Group, filling the position that had been vacant since the previous president's promotion [1]. - Li Zhuyong has over 20 years of experience in the insurance industry, previously holding various legal and compliance roles at China Pacific Insurance [2]. Group 2: Financial Performance - In 2024, China Life Group's cumulative new insurance amount exceeded 700 trillion yuan, with total assets nearing 7.5 trillion yuan, excluding Guangfa Bank [1]. - The group's consolidated operating revenue surpassed 1.1 trillion yuan, with premium income exceeding 820 billion yuan and a significant year-on-year increase in net profit [1]. Group 3: Risk Management Focus - Li Zhuyong emphasizes the importance of proactive risk management, advocating for early detection and resolution of potential risks [3]. - He proposes enhancing risk management through technology, aiming to improve the efficiency and effectiveness of risk control measures [3]. Group 4: Strategic Initiatives - The "333 Strategy" aims to cultivate three new growth areas in pension, health, and wealth management, positioning China Life Group for high-quality development over the next five years [4]. - The strategy includes creating three new listing platforms and integrating internal and external resources to strengthen core business operations [4]. Group 5: Industry Positioning - China Life Group aims to maintain its status as the world's highest-valued life insurance company, striving for continuous improvement and innovation to lead the global insurance market [5].