Xin Lang Cai Jing·2026-01-04 09:48Core Viewpoint - The appointment of Liu Long as Chief Investment Officer of China Pacific Insurance Group is a strategic move aimed at enhancing the alignment between the group's asset allocation strategy and business development needs [2][3][16] Group 1: Personnel Changes - Liu Long has been appointed as Chief Investment Officer (CIO) of China Pacific Insurance Group, pending regulatory approval, while Su Gang will continue to fulfill the CIO duties until then [2][3][16] - The board meeting also marked the departure of former Chief Actuary Zhang Yuanhan, who has resigned from all positions within the company [2][3][16] - This personnel change is seen as a planned transition, with Liu Long previously serving as Chairman of Taibao Capital, the group's unified insurance private equity fund management platform [4][19] Group 2: Financial Performance - In the first three quarters of 2025, China Pacific Insurance achieved a net profit of 457 billion yuan, with total assets reaching 30,776.4 billion yuan, an increase of 8.6% from the beginning of the year [10][21] - The investment assets of the group amounted to 29,747.84 billion yuan, reflecting an 8.8% growth compared to the end of the previous year [10][21] - The insurance service revenue for the same period was 2,168.94 billion yuan, showing a year-on-year growth of 3.6% [10][21] Group 3: Capital Operations - China Pacific Insurance has been actively expanding its capital operations, launching several funds including a 300 billion yuan strategic new merger fund and a 200 billion yuan private securities investment fund [9][20] - The company has established multiple private equity funds, with a total subscription scale exceeding 400 billion yuan within a year of Taibao Capital's establishment [8][19] - The group is strategically positioning itself to support regional development initiatives, particularly in Shanghai, by collaborating with local enterprises to form new management partnerships [9][20]