SCS(SH:601555) Zhi Tong Cai Jing·2026-01-26 02:57Group 1: Industry Insights - The insurance industry is experiencing continuous improvement on both the liability and asset sides, with significant upward valuation potential remaining [1] - The China Insurance Industry Association held a seminar focusing on the high-quality development of commercial health insurance, highlighting a compound annual growth rate of over 20% in the past decade for commercial health insurance [2] - The Shanghai Financial Regulatory Bureau released an action plan for the high-quality development of pension finance, proposing 20 measures to enhance the pension system and support the pension industry [3] Group 2: Company Developments - Major insurance companies, including China Life and PICC, have established specialized health management subsidiaries to create a comprehensive health and wellness service ecosystem [4] - The establishment of health management companies is expected to accelerate the pace of insurance institutions' layout in the health and wellness sector, leveraging policy guidance to develop a second growth curve through the "insurance products + health services" model [4]