外资巨头，新动向！

Core Viewpoint - AIA Group, the largest life insurance group in Asia, reported a strong financial performance for the first half of the year, with significant growth in new business value and operating profit, and is set to launch its wholly-owned asset management company by the end of the year [1][6]. Financial Performance - AIA Group achieved a post-tax operating profit of approximately $3.609 billion for the first half of the year, with a year-on-year increase of 12% [1]. - The new business value reached $2.838 billion, reflecting a 14% year-on-year growth, with a new business value margin of approximately 57.7%, up by 3.4 percentage points [1]. - In mainland China, AIA Life reported a new business value of about $743 million, with a new business value margin of 58.6%, an increase of 2 percentage points year-on-year [1]. Market Outlook - AIA's Chief Investment Officer, Mark Konyn, expressed optimism about the potential for further increases in Hong Kong stocks, citing a year-to-date increase of 33.14% in AIA's stock price and a 25.15% rise in the Hang Seng Index [2][4]. - The outlook for Hong Kong's economy and corporate earnings is moderately optimistic, with a GDP growth rate of 3.1% in Q2 2025 [4]. Asset Management Company - AIA Asset Management, headquartered in Shanghai, is expected to commence operations by the end of the year, with the initial focus on the group's proprietary business [7][8]. - The company will recruit talent from the market and transfer some employees from the life insurance business to form its core team [7]. - AIA Group manages nearly $300 billion in assets, primarily invested in fixed income, while ensuring not to overexpose itself to interest rate risks [8]. Expansion in Mainland China - AIA Life has rapidly expanded its insurance business in mainland China, becoming the first wholly foreign-owned life insurance company in the region [8]. - As of now, four new branches have opened, accumulating over 1,700 qualified new hires [8].