PICC(SH:601319) Guan Cha Zhe Wang·2025-12-06 02:36Group 1 - The core point of the news is that Yu Ze, the Vice President of China People's Insurance Group Co., Ltd., is under investigation for serious violations of discipline and law, which has negatively impacted the stock prices of the company [1] - On December 1, the stock price of China People's Insurance fell by 4.97% on the A-share market, while the Hong Kong-listed shares dropped over 6% at one point, closing down 5.25% and 2.72% respectively [1] Group 2 - Yu Ze has a long career in the insurance industry, having worked at China Insurance, Taiping Insurance, and returning to China People's Insurance in 2019, where he became Vice President and later the President of PICC Property and Casualty [2][3] - Under Yu Ze's leadership, PICC Property and Casualty experienced significant growth in premium income, increasing from approximately 450 billion yuan in 2021 to around 540 billion yuan by 2024, maintaining a market share of over 30% [2] Group 3 - PICC Property and Casualty, established in 1949, is a subsidiary of China People's Insurance Group and was the first financial enterprise from mainland China to be listed overseas in 2003 [4] - For 2024, PICC Property and Casualty is projected to have total insurance service income of 485.22 billion yuan and total assets of 778.24 billion yuan [4]