Group 1 - The second "Tianfu Rural Beauty, Heavy Flowering Jin'guan City" photography exhibition opened in Chengdu, focusing on urban development, cultural heritage, and the happy lives of the elderly [4][5] - The exhibition features 120 outstanding works, showcasing the new appearance of Chengdu's urban and rural areas, cultural customs, and the active lives of the elderly [4] - A total of over 1,500 submissions were received from more than 60 streets and 80 communities, with public voting reaching over 57,000 votes [4] Group 2 - Industrial Bank Chengdu Branch has been committed to the development of elderly financial services for 22 years, providing warm financial services to 1.16 million elderly clients and managing over 60 billion yuan in financial assets [5] - The bank launched the "Anyu Life" comprehensive elderly financial service plan in 2012, creating an ecosystem supported by exclusive services, pension planning, value-added rights, and activity platforms [6] - The Chengdu Branch has received multiple honors, including the national and provincial "Respect for the Elderly Civilization Award," and aims to enhance elderly care services through innovative financial and non-financial solutions [6]

Core Viewpoint - The intersection of the aging population and technological revolution is leading to a historic redefinition of the role of pensions, emphasizing the need for long-term investment strategies to support innovation and economic development [1][2]. Group 1: Pension Role and Investment Strategy - Pensions are designed for long-term stability and should not engage in short-term speculation; they must act as long-term investors to support the real economy [2][4]. - The aging population in China is increasing the pressure on pensions to maintain value, with the proportion of people aged 65 and above reaching 15.6% and expected to rise to 26% by 2050 [1][2]. - The current technological revolution and industrial transformation require substantial long-term capital to support sectors like artificial intelligence, renewable energy, and biomedicine [2][3]. Group 2: Investment Opportunities and Challenges - The rapid development of new technologies offers significant returns for pension investments, necessitating a focus on innovative investment products [3][4]. - Pensions must transition from being merely financial capital to strategic capital that supports technological advancement while also sharing in the returns from innovation [4][6]. - Establishing a long-term assessment mechanism is crucial for pensions to adapt to the high upfront costs and delayed returns typical of technology companies [4][5]. Group 3: Risk Management and Market Support - Risk management for pensions should shift from focusing on short-term volatility to a comprehensive dynamic risk control system that emphasizes long-term value realization [5][6]. - The development of financial instruments that align with long-term capital needs, such as long-term bonds and infrastructure REITs, is essential for matching pension durations [6]. - Enhancing transparency and information disclosure for technology companies will improve asset pricing and market conditions for pension investments [6][7].

Core Insights - The People's Bank of China Sichuan Branch reported a 14.8% year-on-year increase in the loan balance of the "Five Major Articles" in Sichuan province as of the end of August 2025 [1][4] - By the end of September, the total deposit balance in Sichuan reached 14.55 trillion yuan, a 10.0% year-on-year growth, with a net increase of 1.14 trillion yuan since the beginning of the year [3] - The total loan balance in Sichuan was 12.80 trillion yuan by the end of September, reflecting an 11.0% year-on-year growth, positioning it among the top provinces in the country [3][4] Financial Performance - As of the end of September, the balance of loans for the elderly care industry reached 10.4 billion yuan, marking a 36.9% year-on-year increase, significantly outpacing the overall loan growth rate by 25.7 percentage points [1][6] - The balance of inclusive small and micro loans grew by 13.0% year-on-year, with loans to small enterprises (under 10 million yuan) increasing by 21.7% [4] - The average interest rates for newly issued corporate loans, inclusive small and micro loans, and personal housing loans were 3.79%, 3.77%, and 3.14%, respectively, with year-on-year declines of 47, 49, and 19 basis points [4] Elderly Financial Services - Sichuan has established 13,000 standardized elderly-friendly bank branches to cater to the growing elderly population [5] - A special action plan titled "Silver Age Enhancement" has been developed to improve financial services for the elderly, focusing on four key areas: elderly economic development, elderly financial services, and consumer rights protection [5] - As of the end of September, 22 banks in Sichuan had issued 4.76 billion yuan in service consumption and elderly loans, along with over 20 specialized credit products for the elderly [6] Infrastructure and Support - By the end of September, Sichuan had built 218 elderly-friendly demonstration outlets and achieved full coverage of standardized outlets across the province [6] - The province has also enhanced financial services for rural elderly populations, ensuring access to pension services and investment opportunities, with rural bond sales reaching 3.13 billion yuan, a 20.3% year-on-year increase [6]

Core Viewpoint - The 2025 Financial Street Forum focuses on "Innovation, Transformation, and Reshaping of Global Financial Development," emphasizing the need for a resilient, inclusive, and sustainable global financial system driven by technological advancements and industry changes [1] Group 1: Technological Empowerment in Insurance - Sunshine Insurance actively embraces technological advancements to enhance service quality for the real economy and improve public welfare [1] - The company utilizes an integrated "air, land, and sea" inspection technology, deploying drones for precise surveying of disaster-affected agricultural areas, facilitating efficient claims processing [2][3] - The "Sunshine Tianyan Risk Map" system monitors natural disaster information, providing timely disaster warnings and risk management services to clients [3][4] Group 2: Innovations in Risk Management - From January to August of the current year, Sunshine Insurance sent over 2 million weather disaster warnings to clients through the "Sunshine Tianyan Risk Map," helping them prepare for potential disasters [4] - The company employs advanced technologies like drones and 3D modeling for risk assessment in major projects, enhancing safety measures and risk management [4][5] Group 3: Enhancing Elderly Care Services - Sunshine Insurance has developed the Sunshine Family Community in Shanghai, integrating smart designs and elder-friendly features to ensure a safe and comfortable living environment for seniors [6][7] - The company is launching a "Sunshine Home Care Service System" in 2024, focusing on home health, safety, and living, utilizing technology to enhance service quality [7] Group 4: Streamlined Claims Process - The "Sunshine Car Life Assistant" app allows clients to initiate claims and conduct video inspections, significantly improving the efficiency of the claims process [8] - The "Sunshine Flash Claim" service has been upgraded to provide a seamless online claims experience, emphasizing speed and convenience for clients [8] Group 5: Commitment to Technological Innovation - Sunshine Insurance has consistently prioritized technology investment, leading to significant advancements in digital transformation and the establishment of a technology-driven operational model [10][11] - The company has developed its own AI model, "Sunshine Zhengyan GPT," to enhance customer service and operational efficiency [11][12] - Sunshine Insurance is actively participating in industry collaborations to promote innovation and the integration of data intelligence in the insurance sector [12]

Core Insights - The average age of China's health and wellness consumer group has dropped to 41.5 years, with the market expected to exceed 10 trillion yuan by 2025, driven by aging and upgraded health demands [1] - The "2025 Future Conference" held by CITIC Prudential Life Insurance showcased a strategic upgrade from "risk compensation" to "service empowerment" through a comprehensive product service system covering the entire lifecycle [1][4] - The competitive advantage of CITIC Prudential Life Insurance stems from the synergy between its two major shareholders, CITIC Group and Prudential Group, combining local resources with international expertise [2][3] Part 1: Building a Competitive Moat - The key to breakthrough in pension finance lies not in the availability of resources but in their adaptability and implementation [2] - CITIC Group provides a solid local foundation for the "health, care, education, and wealth" model, offering a one-stop solution for wealth planning and health services [2] - The integration of financial and industrial resources creates a closed-loop system that supports health and wellness projects while managing wealth across various sectors [2] Part 2: Health and Wellness Dual-Drive - The "health and wealth" system focuses on a human-centered approach, addressing fragmented health management and singular pension services [5] - The health module offers a comprehensive four-dimensional process covering prevention, diagnosis, care, and rehabilitation, ensuring full-cycle health management [6] - The pension module aligns with China's "9073" retirement pattern, providing diverse models such as home care, travel care, and institutional care [7] Part 3: Education and Wealth Coordination - The "education and wealth" modules are interconnected, focusing on long-term family needs and creating a cross-border, resource-integrated ecosystem [8] - The education planning service includes risk protection and resource linking, addressing the financial stability and quality resource needs of Chinese families [9] - The wealth management module integrates domestic and international financial services, transforming wealth management into a tool that supports family needs throughout their lifecycle [9] Conclusion - The collaboration between CITIC and Prudential is expected to deepen, continuously iterating new services while maintaining a customer-centric approach [10] - The ultimate value of pension finance is not merely to address aging but to ensure families enjoy health, successful offspring, worry-free retirement, and lasting legacies [10]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Bank of Qingdao Co., Ltd.* 青 島 銀 行 股 份 有 限 公 司 * （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （H股股份代號：3866） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條作出。 如下公告已於深圳證券交易所網站刊登，僅供參閱。 青島銀行股份有限公司 (1) 董事會決議公告 (2) 監事會決議公告 (3) 2025年第三季度報告 特此公告。 承董事會命 青島銀行股份有限公司* 景在倫 董事長 中國山東省青島市 2025年10月28日 於本公告日期，董事會包括執行董事景在倫先生、吳顯明先生、陳霜女士及劉 鵬先生；非執行董事周雲傑先生、Rosario Strano先生、譚麗霞女士、Giamberto Giraldo先生及鄧友成先生；獨立非執行董事邢樂成先生、張旭先生、張文礎先 生、杜寧先生及范 ...

Financial Support for the Real Economy - From November 2024 to September 2025, 98 companies in the A-share market conducted initial public offerings (IPOs), raising a total of 91.8 billion yuan, with 86% being private enterprises and 92% in strategic emerging industries [1] - Listed companies raised 996.8 billion yuan through refinancing, which is equivalent to the total amount raised in the previous two years combined [1] Improvement in Financial Services for Key Areas - A policy framework has been established focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [2] - The introduction of a "technology board" in the bond market and the creation of risk-sharing tools for technology innovation bonds have been implemented to enhance financial support for technological innovation [2] - By the end of September 2025, loans for technology, green, inclusive, pension, and digital economy sectors increased by 11.8%, 22.9%, 11.2%, 58.2%, and 12.9% respectively, all significantly higher than the overall loan growth rate [2] - Over 600 entities issued technology innovation bonds totaling approximately 1.4 trillion yuan [2]

Core Insights - The aging population in China is becoming a pressing reality, with projections indicating that by the end of 2024, the elderly population aged 60 and above will reach 310 million, accounting for 22% of the total population [3] - High-net-worth individuals show a strong preference for home-based elderly care, with 68% opting for it, while 21% choose institutional care, and 11% prefer community care [3] - The average annual expenditure for high-net-worth individuals on institutional care is 275,000 yuan, with 37% spending over 300,000 yuan annually [3] Group 1: Aging Population and Financial Services - The role of commercial insurance in elderly care is becoming increasingly significant, with high-net-worth retirees enjoying a replacement income rate of 75%, significantly higher than the national average of 42.6% [4] - Over 50% of high-net-worth individuals have actively allocated funds to commercial annuity insurance, indicating a strong inclination towards financial products that support retirement [4] Group 2: Company Initiatives and Strategies - On its 25th anniversary, China CITIC Bank Life Insurance launched a comprehensive elderly care service system that integrates medical care, wealth management, and cross-border cooperation, marking a new era in response to national elderly care strategies [5] - The company aims to build a comprehensive elderly financial service system focusing on the four core areas of health, care, education, and wealth, providing one-stop solutions for individuals, families, and enterprises [5][6] Group 3: Future Home Project - The "Future Home" project aims to combine traditional family care with diverse elderly services, creating a comprehensive service system that includes health protection, spiritual nourishment, and life experiences [7] - The project will feature facilities such as medical rooms, rehabilitation centers, and a secondary hospital embedded within the elderly care institution, ensuring a patient-centered medical care system [7] Group 4: Talent Development and Professionalization - To enhance the implementation of elderly financial services, the company has initiated a certification management system for elderly financial planners, aiming to cultivate professionals with comprehensive capabilities in wealth management and care services [8] - The introduction of ten representatives from various subsidiaries as elderly financial planners signifies an upgrade in the talent support for the elderly financial service system [8]

Group 1 - The core viewpoint of the article emphasizes the importance of developing various financial sectors, including technology finance, green finance, inclusive finance, pension finance, and digital finance [1] Group 2 - The article highlights the release of the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development" by the Central Committee of the Communist Party of China [1] - The focus on technology finance indicates a strategic move towards innovation and modernization in the financial sector [1] - The inclusion of green finance reflects a commitment to sustainable development and environmental responsibility [1] - The promotion of inclusive finance aims to enhance financial accessibility for all segments of society [1] - The emphasis on pension finance addresses the growing need for retirement planning and financial security for the aging population [1] - The push for digital finance aligns with global trends towards digitalization and the use of technology in financial services [1]

Core Insights - The pension fund's role is to become a capital engine for technological progress while sharing the excess returns from technological innovation, which is a key challenge for pension finance [1] - The rapid iteration of new technologies has injected vitality into the capital market and provided substantial returns for pension investments [1] - Pension funds should actively focus on new technologies and embrace new opportunities to enhance investment returns and support new industries [1] Investment Strategy - Pension funds need to create suitable investment products for technological innovation to enrich their investment portfolios [1] - The transition from cyclical capital to cross-cyclical patient capital is essential, requiring a long-term investment value curve and extended investment horizons [2] - The transformation of patience as a time factor into a tradable and allocatable production factor is crucial for supporting national productivity development [2] Risk Management - A shift from variance management focused on price volatility to dynamic risk control covering the entire process is necessary [2] - Establishing a comprehensive dynamic risk management system throughout asset allocation, investment execution, and post-investment management is required for long-term value realization [2]