赵永刚在致辞中表示，中国太保始终胸怀"国之大者"，积极应对中国超3亿老年人口带来的结构性挑 战，推动"大健康"向"大康养"战略升级，着力构建覆盖养老、健康、康复等多板块的立体生态，打造 了"防、诊、疗、复、养"贯通的全生命周期服务闭环，致力于将一系列康养服务，凝聚成"可触摸、可 感知、可体验"的品牌生态——让中国太保的大康养战略，不止于蓝图，更成为千家万户身边的温暖存 在。此次媒体开放日，正是中国太保集中展示"大康养"战略布局与实践，深化共识与理解、凝聚智慧与 合力、传递信心与愿景的重要行动。 媒体开放日期间，中国太保先后举行欢迎交流会、主题分享会、头脑风暴会、家园文化体验等系列丰富 多彩的活动。在"大康养战略之太保实践"主题分享会现场，来自中国太保旗下养老与健康各板块负责人 详细分享了太保家园、源申康复、百岁居、青青成长、蓝医保、太医管家等太保大康养生态的专业能力 与多元服务。马欣表示，下一步将推动各服务主体依托自身优势，由"全"至"专"，形成各有所专、各有 所长的服务特色，全力深化康养服务与保险主业的场景融合，实现价值共创。 转自：新华财经 椰风送爽，山海迎宾。日前，中国太保举办以"遇山海 见未来"为主题 ...

财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：十八 在"康养未来式"头脑风暴会环节，与会嘉宾围绕如何丰富康养生态场景、强化品牌塑造等议题碰撞智慧 火花；在家园文化体验活动中，嘉宾代表们现场沉浸式体验养生八段锦、宋代点茶、钵体疗愈、提笔 写"福"等文化项目，实地感受以太保家园为代表的康养生态场景，点赞"保险+健康+养老"模式。 "大康养"不仅是一项商业布局，更是金融向善、服务民生的必然选择。在"十五五"规划启航之际，本次 媒体开放日清晰传递了中国太保"大康养"战略的核心内容与阶段性成果，也展现出中国太保以保险力量 服务民生，助力金融强国建设的坚定决心。面向未来，中国太保将致力于建设"具有市场引领力与国际 竞争力的一流保险金融服务集团"，围绕"大康养、国际化、人工智能+"三大战略方向，系统构建融合共 生品牌生态，走好高质量发展之路。 赵永刚在致辞中表示，中国太保始终胸怀"国之大者"，积极应对中国超3亿老年人口带来的结构性挑 战，推动"大健康"向"大康养"战略升级，着力构建覆盖养老、健康、康复等多板块的立体生态，打造 了"防、诊、疗、复、养"贯通的全生命周期服务闭环，致力于将一系列康养服务，凝聚成"可触摸 ...

太保家园：作为中国太保高品质养老社区标杆品牌，太保家园已在全国13个城市落地15个项目，其中14 个社区已开业，长住人数超3,000人，全年累计接待参观超28万人次。太保家园覆盖颐养、康养、乐养 等多元业态，除日常社区服务和活动外，还为入住老人提供医疗、照护、慢病专病等医护服务。下一 步，太保将坚持"轻重结合、以轻为主"的思路，聚焦城心养老、康养刚需、专业服务，推动规模、品 质、效益与安全的均衡发展。 财经频道更多独家策划、专家专栏，免费查阅>> 源申康复：作为太保专业康复医疗服务品牌，源申康复持续完善康复医疗网络构建，目前已在厦门、济 南、广州三地落子，总规划床位约1,000张。其中厦门、济南两地源申康复医院已开业，聚焦专病专症 打造优势康复学科。与上海交通大学医学院共建康复研究院夯实科研与技术根基，联动齐鲁医院组建医 联体打通临床转诊通道，探索属地医院间的合作模式，推动"研医康"一体化发展。 作为国内领先的综合性保险集团，中国太保始终胸怀国之大者，将服务国家战略作为发展的根本遵循。 面对我国超3亿老年人口的结构性挑战，中国太保深刻认识到，"大康养"不仅是一项商业布局，更是金 融向善、服务民生的必然选择。 ...

Core Insights - China Pacific Insurance (Group) Co., Ltd. has participated in the China International Import Expo (CIIE) for eight consecutive years, providing comprehensive insurance solutions and risk management services [1][9] - The company has enhanced its insurance coverage to over 1.28 trillion yuan for this year's expo, showcasing its commitment to supporting the event [1][9] Group 1: Insurance Solutions - China Pacific Insurance offers a one-stop insurance product called "Jinbo Bao," which includes 15 basic coverage products and 4 special coverage products tailored for global exhibitors, logistics providers, and service providers [2][3] - The insurance services cover all aspects of the expo, including pre-event, during the event, and post-event phases, ensuring comprehensive risk protection for participants [3] Group 2: Strategic Forums and Initiatives - The company hosted several high-level forums during the expo, focusing on national strategies and social issues, such as aging finance and the development of the new energy vehicle industry [4][5] - A forum on aging finance gathered experts to discuss the integration of insurance and health services, emphasizing the need for a multi-layered pension insurance system [4] Group 3: Collaborative Efforts - China Pacific Insurance actively collaborates with various partners to enhance the expo experience, including launching a joint initiative with multiple organizations to promote the expo [7] - The company has also introduced a carbon footprint tracking initiative, encouraging participants to engage in carbon neutrality efforts [8] Group 4: Future Strategies - In 2025, China Pacific Insurance plans to implement three major strategies: "Big Health and Care," "Internationalization," and "Artificial Intelligence+" to enhance its market competitiveness [8] - The company aims to transform technological advancements into smarter and more convenient service experiences for its clients [8]

Core Viewpoint - China Pacific Insurance (CPIC) is taking significant steps to enhance its international presence and address capital structure pressures through the issuance of zero-coupon convertible bonds in Hong Kong, following a similar move by Ping An [5][10][15]. Financing Strategy - CPIC announced the issuance of HKD 15.6 billion in zero-coupon convertible bonds, maturing in 2030, which can be converted into H-shares [5]. - The funds raised will primarily support the insurance core business and the implementation of three strategic initiatives: "Great Health," "AI+," and internationalization [6]. - The issuance of convertible bonds is seen as a strategic move to supplement capital and accelerate internationalization, especially as CPIC's net assets have decreased by 3.3% since the beginning of the year [6][12]. Industry Context - The issuance of convertible bonds has become a common practice among large insurance companies, balancing the need for continuous dividends with increasing solvency pressures [7]. - CPIC is the second mainland insurance company to utilize this financing method in Hong Kong, following Ping An's USD 3.5 billion issuance last year, indicating a potential trend in the industry [8][17]. Internationalization Efforts - CPIC has lagged behind peers like Ping An and China Life in international expansion, with a total QDII quota of USD 2.627 billion, slightly above Xinhua's USD 2.4 billion, despite having a larger asset base [12]. - Recent initiatives include the approval of a tokenized USD money market fund and the launch of electric vehicle insurance in Thailand, marking a significant acceleration in overseas business development [14]. Regulatory Environment - The issuance of USD convertible bonds allows CPIC to maintain a lower dilution pressure on equity and create a funding pool for overseas operations without the complexities of capital repatriation [15]. - The current regulatory framework provides flexibility for funds raised through convertible bonds to remain offshore, reducing friction costs associated with cross-border capital flows [16]. Future Implications - The trend of using convertible bonds for financing may lead to more insurance companies following suit, prompting regulatory scrutiny regarding capital management and fund usage [17]. - The potential for increased participation from other insurers could transform this financing method from an isolated innovation into a collective industry trend [17].

Group 1 - China Pacific Insurance Co., Ltd. (CPIC) has completed the issuance of zero-coupon convertible bonds totaling HKD 15.556 billion, maturing in 2030 [2] - The purpose of the bond issuance is to support the development of CPIC's core insurance business and to provide funding for its three strategic initiatives: "Great Health and Elderly Care," "Artificial Intelligence+," and "Internationalization" [2] - The application for the bond's listing is expected to take effect on September 19, 2025, and has received approval for the listing of conversion shares [2] Group 2 - As of the first half of 2025, CPIC reported operating revenue of CNY 200.496 billion, a year-on-year increase of 3.0% [5] - The company achieved a net profit attributable to shareholders of CNY 27.885 billion, reflecting a year-on-year growth of 11.0% [5] - By the end of the first half of 2025, CPIC's total managed assets reached CNY 3.77 trillion, an increase of 6.5% compared to the end of the previous year [5]

Core Viewpoint - China Pacific Insurance (601601.SH, 02601.HK) has successfully issued zero-coupon H-share convertible bonds amounting to HKD 15.556 billion, marking the largest scale of such bonds in history and the second issuance by a listed insurance company in 2025 [1][2]. Group 1: Convertible Bond Issuance - The zero-coupon convertible bonds were issued on September 18, 2025, and began trading on the Hong Kong Stock Exchange on September 19, 2025 [2]. - This issuance is notable for being the first overseas convertible bond by a state-owned financial enterprise listed both domestically and internationally, as well as the largest zero-coupon convertible bond in Hong Kong history [2][4]. - The initial conversion price for the bonds is set at HKD 39.04 per share, with a conversion potential of approximately 398 million shares, representing about 14.36% of the existing H-share capital [3][4]. Group 2: Financial Performance and Strategy - The funds raised will primarily support the core insurance business and the implementation of three strategic initiatives: "Great Health", "Artificial Intelligence+", and "Internationalization" [1][6]. - As of June 30, 2025, the company reported a solvency ratio of 264% and a core solvency ratio of 190%, both showing an increase of 8 percentage points from the end of 2024 [1][7]. - For the first half of 2025, the company achieved a revenue of CNY 200.5 billion, a year-on-year increase of 3%, with a net profit of CNY 27.9 billion, reflecting an 11% growth [6][7]. Group 3: Market Interest and Investor Activity - The issuance has attracted significant interest from foreign investors and peers, with Ping An Life increasing its stake in China Pacific Insurance to 10% and JPMorgan Chase acquiring over HKD 13.489 billion worth of shares [1][8]. - The convertible bonds were oversubscribed, with long-term investors accounting for over 70% of the subscriptions, indicating strong market confidence [4][6].

Core Viewpoint - China Pacific Insurance (02601) has successfully completed the issuance of bonds totaling HKD 15.556 billion on September 18, 2025, with all conditions of the subscription agreement met [1] Group 1 - The net proceeds from the bond issuance will be used to support the core insurance business [1] - The funds will also support the implementation of three major strategies: "Great Health and Elderly Care," "Artificial Intelligence +," and "Internationalization" [1] - Additionally, the proceeds will be allocated for general corporate purposes, including supplementing working capital [1]

Core Viewpoint - China Pacific Insurance (601601)(02601) has successfully completed the issuance of bonds totaling HKD 15.556 billion on September 18, 2025, with all conditions of the subscription agreement met [1] Group 1: Bond Issuance - The total principal amount of the bonds issued is HKD 15.556 billion [1] - The issuance was completed on September 18, 2025, indicating a timely execution of the financing plan [1] Group 2: Use of Proceeds - The net proceeds from the bond issuance will be used to support the core insurance business [1] - The funds will also support the implementation of three major strategies: "Great Health and Elderly Care," "Artificial Intelligence +," and "Internationalization" [1] - Additionally, the proceeds will be used to supplement working capital and for general corporate purposes [1]

Core Viewpoint - China Pacific Insurance (02601.HK) has successfully completed the issuance of bonds totaling HKD 15.556 billion, with all conditions of the subscription agreement met [1] Group 1 - The bond issuance was completed on September 18, 2025, and the net proceeds will be used to support the insurance main business, implement three strategic initiatives: "Great Health, AI+, and Internationalization," and supplement working capital for general corporate purposes [1] - The bonds will be listed and traded on the Hong Kong Stock Exchange, with the application expected to take effect on September 19, 2025 [1]