CHINA TAIPING(HK:00966) Huan Qiu Lao Hu Cai Jing·2025-12-29 09:12Group 1 - The core viewpoint of the news is the internal leadership changes at China Taiping Insurance Group, with Wang Xuze appointed as the Party Secretary and proposed General Manager of Taiping Life, and Peng Yunping appointed as the Party Secretary and proposed General Manager of Taiping Property Insurance [1][2] - Both newly appointed executives are internal promotions within the Taiping system, with Wang Xuze having extensive experience in various leadership roles within Taiping Life, and Peng Yunping having a strong background in insurance technology and innovation [2] - The leadership changes come amid broader personnel adjustments at the group level, including the upcoming retirement of the current Chairman Wang Sidong and the appointment of Yin Zhaojun as the new Chairman [3] Group 2 - Taiping Life, as the core profit source for China Taiping, has shown steady growth, with insurance business revenue reaching 158.04 billion yuan, a year-on-year increase of 6.6%, and a net profit of 18.13 billion yuan [3] - Taiping Property Insurance has also seen significant improvement in profitability, with insurance business revenue of 25.865 billion yuan, a year-on-year increase of 4.24%, and a net profit of 974 million yuan, reflecting an 82.3% increase [3] - The combined cost ratio for Taiping Property Insurance has improved to 98.18%, a 1.43 percentage point improvement compared to the same period last year [3]