Hua Xia Shi Bao·2025-10-12 17:05Core Viewpoint - Yuexiu Group has successfully acquired full ownership of Hong Kong Life Insurance, marking its entry into the Hong Kong insurance market and completing its financial sector "full license" strategy [2][3]. Group 1: Acquisition and Market Entry - The acquisition of Hong Kong Life Insurance signifies Yuexiu Group's formal entry into one of the world's most developed insurance markets, enhancing its competitive capabilities in the financial sector [3][4]. - The completion of this acquisition allows Yuexiu Group to establish a comprehensive cross-border financial ecosystem centered around banking, insurance, securities, and investment [4]. Group 2: Financial Performance and Business Contributions - Yuexiu Group's total assets are projected to exceed 1 trillion yuan, reaching 1,138.5 billion yuan by 2024, with a steady increase in revenue from 406 billion yuan in 2016 to 1,055.1 billion yuan in 2022 [4][5]. - Despite revenue growth, net profit has significantly declined from 190 billion yuan in 2020 to an estimated 66 billion yuan in 2024, indicating a need for strategic adjustments [4][5]. Group 3: Strategic Directions and Synergies - The group plans to focus on "pension insurance + health care communities" and "insurance funds + patient capital" as key areas for future development [6][7]. - With over 1.7 million elderly individuals in Hong Kong, the demand for integrated living, medical, and entertainment services in retirement communities is expected to rise, aligning with Yuexiu's existing capabilities in the health care sector [6][8]. - The collaboration between Yuexiu's health care and real estate divisions aims to create comprehensive retirement communities, enhancing both social and economic benefits [8].