Core Viewpoint - The China Development Bank (CDB) is committed to serving the real economy by enhancing its financial services across five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, thereby contributing to the construction of a strong financial nation [1] Group 1: Technology Finance - CDB actively promotes financial services for technological innovation, providing comprehensive financial support for major national technology tasks and tech enterprises, facilitating the development of new productive forces [2][3] - CDB has issued its first batch of three "Technology Innovation Bonds" totaling 20 billion yuan, aimed at supporting technology innovation demonstration enterprises and high-tech manufacturing industries [3] Group 2: Green Finance - CDB focuses on financing for green upgrades in infrastructure, low-carbon technology innovation, and energy transitions, supporting major ecological projects and initiatives [4][5] - Since the 14th Five-Year Plan, CDB has issued 157 billion yuan in green financial bonds to support national strategies related to ecological protection and high-quality development [6] Group 3: Inclusive Finance - CDB has played a significant role in providing student loans, disbursing 246 billion yuan to support over 23 million students, accounting for over 80% of the national total [6] - The bank has supported over 1.5 million small and micro enterprises, enhancing financial services in key sectors such as technology innovation and green development [6] Group 4: Pension Finance - CDB has supported the construction of over 190,000 inclusive pension beds during the 14th Five-Year Plan, addressing the needs of the aging population [8][9] - The bank has developed personalized financing solutions to revitalize and integrate idle elderly care resources, enhancing the availability of diverse elderly care services [9] Group 5: Digital Finance - CDB is advancing digital transformation by supporting the construction of foundational networks and AI infrastructure, aiming to enhance the efficiency of financial services [10][11] - The bank is implementing innovative loan models using AI and mobile applications to improve the student loan process and overall service experience [11]

Core Points - CITIC Securities has become the first brokerage in China to exceed total assets of 2 trillion yuan, reaching 2.03 trillion yuan as of September 30, 2025 [1] - The company reported a significant increase in operating income and net profit for the third quarter of 2025, with operating income of 55.81 billion yuan, a year-on-year increase of 32.70%, and net profit attributable to shareholders of 23.16 billion yuan, a year-on-year increase of 37.86% [4] - The return on equity (ROE) reached 8.15%, an increase of 1.85 percentage points compared to the previous year [4] Financial Performance - Total assets as of the end of the reporting period were 2,026.31 billion yuan, with net assets attributable to shareholders reaching 315 billion yuan [2][4] - The basic and diluted earnings per share were both 0.62 yuan, reflecting a 55% increase compared to the same period last year [2] - The net cash flow from operating activities for the year-to-date was 56.20 billion yuan, indicating strong operational cash generation [2] Sector Contributions - In the technology finance sector, CITIC Securities completed equity underwriting of 112.3 billion yuan for the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange from 2023 to the third quarter of 2025 [4] - The company assisted BYD in completing a $5.6 billion H-share placement, setting a record in the global automotive industry and Hong Kong market [4] - In green finance, CITIC Securities completed green bond underwriting amounting to 181 billion yuan from 2023 to the third quarter of 2025 [5] Other Initiatives - The company has developed a comprehensive green service system and has engaged in rural revitalization bonds totaling 1.55 billion yuan [5] - CITIC Securities has over 4.7 trillion yuan in asset management scale as of September 30, 2025, and has launched initiatives to enhance awareness of retirement planning among the youth [5] - The company is advancing its digital transformation with the development of AI digital employees, having launched 18 digital staff and 118 AI application scenarios [5]

Core Viewpoint - The article discusses the approval of a capital increase for Taiping Pension, a subsidiary of China Taiping, which will enhance its capital base and strategic partnership with Belgium's Fidea Group in the Chinese pension finance market [1][2]. Summary by Sections Capital Increase Approval - Taiping Pension received approval from the financial regulatory authority to increase its registered capital by 333 million yuan, changing the total from 3 billion yuan to 3.333 billion yuan [1]. - Fidea Group will acquire a 10% stake in Taiping Pension as part of this capital increase, investing 1.075 billion yuan [1][2]. Shareholder Structure - Post-capital increase, the shareholder structure will be as follows: - China Taiping Insurance Holdings Limited: 89.99% (299,970,000 shares) - Longbi Industrial Zone Management (Shenzhen) Co., Ltd.: 0.01% (30,000 shares) - Fidea Insurance International: 10% (33,333,330 shares) [3]. Background and Strategic Context - Taiping Pension, established in 2004, is a key player in China's pension insurance sector, with a nationwide service network [3]. - The capital increase aligns with China's national strategy to address population aging, positioning pension finance as a critical area for development [3]. Historical Relationship with Fidea Group - Fidea Group has a long-standing partnership with China Taiping, holding stakes in several subsidiaries, including 12.45% in Taiping Life and 20% in Taiping Asset [4]. - Fidea was one of the founding shareholders of Taiping Pension in 2004, initially holding a 10% stake [5]. Market Potential and Future Outlook - The Chinese pension market is one of the largest globally, with significant growth potential, making Taiping Pension an ideal platform for Fidea to leverage its expertise [7]. - Regulatory changes since 2021 have encouraged pension companies to focus on high-quality development, with new guidelines issued in 2023 to strengthen oversight [7]. Performance Metrics - For the first half of 2025, Taiping Pension reported insurance revenue of 1.447 billion yuan and a net profit of 55.279 million yuan [7]. - As of the second quarter of 2025, the core solvency adequacy ratio was 160.80%, and the comprehensive solvency adequacy ratio was 217.93%, indicating strong financial health [7].

Core Insights - CITIC Securities has demonstrated strong growth in the first three quarters of 2025, achieving record-high profits and total assets exceeding 2 trillion yuan, solidifying its leading position in the industry [1][2] Financial Performance - In the first three quarters of 2025, CITIC Securities reported operating revenue of 55.815 billion yuan, a year-on-year increase of 32.7%, and a net profit attributable to shareholders of 23.159 billion yuan, up 37.86% [1] - For Q3 2025 alone, the company achieved operating revenue of 22.775 billion yuan, a 55.71% increase year-on-year, and a net profit of 9.44 billion yuan, growing by 51.54% [1] Capital Strength - As of September 30, 2025, CITIC Securities' total assets reached 2.03 trillion yuan, marking a significant milestone as the first domestic brokerage to surpass this threshold [2] - The company's net assets attributable to shareholders amounted to 315 billion yuan, reflecting an improvement in both asset scale and quality [2] Strategic Initiatives - CITIC Securities is actively implementing the financial "Five Major Articles" strategy, enhancing its service capabilities to support high-quality development in the real economy [3] - The company has completed equity underwriting of 112.3 billion yuan for the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange, leading the market [3] - In green finance, CITIC Securities has underwritten green bonds totaling 181 billion yuan, ranking first in the industry [3] Digital and Inclusive Finance - As of September 30, 2025, CITIC Securities' asset management scale exceeded 4.7 trillion yuan, addressing diverse wealth management needs [3] - The company has launched various initiatives in pension finance, with investment management scale surpassing 1 trillion yuan [4] - CITIC Securities is advancing digital transformation, having developed an AI platform with 18 digital employees and 118 AI application scenarios [4] Market Outlook - Industry experts suggest that CITIC Securities' strong performance reflects its robust comprehensive strength and risk resilience, indicating potential for further consolidation of its leading position in the market [4]

Core Insights - The seminar titled "Qianli Huiqi, Pension Solutions" focused on enterprise annuity business and aimed to enhance the collaboration between government, enterprises, and financial institutions for the high-quality development of enterprise annuities in Jinan [1][5]. Group 1: Government and Institutional Collaboration - The seminar was guided by the Jinan Municipal Human Resources and Social Security Bureau and hosted by the Jinan branch of China Merchants Bank, indicating strong institutional support for pension finance initiatives [1][5]. - The event gathered various stakeholders, including government representatives, entrusted institutions, and numerous enterprises from the province, to discuss the implementation of pension finance work [1][5]. Group 2: Importance of Pension Finance - The increasing pressure of population aging in China necessitates effective solutions for national and corporate pension issues, highlighting the significance of developing a multi-tiered pension insurance system [5]. - The Central Financial Work Conference has recognized pension finance as one of the "Five Major Articles," underscoring its critical role in serving national and public interests [5]. Group 3: Local Initiatives and Developments - Jinan has actively worked on constructing a multi-tiered pension insurance system and has improved the cooperation mechanism among enterprise annuity institutions [6]. - The Jinan Municipal Human Resources and Social Security Bureau has organized various meetings and training sessions to enhance the management and service quality of enterprise annuities [6]. Group 4: China Merchants Bank's Role - China Merchants Bank positions its pension finance business as a strategic priority and is committed to innovation and progress in this sector [6]. - The bank aims to provide comprehensive and personalized "concierge-style" services to enterprises and employees in Shandong Province and Jinan City, focusing on policy promotion and assistance with record-keeping [6].

Group 1 - The second "Tianfu Rural Beauty" photography exhibition opened in Chengdu, focusing on the new development of the city, cultural heritage, and the happy lives of the elderly [1] - The exhibition features 120 outstanding works that showcase the new appearance of Chengdu's urban and rural areas, cultural customs, and the active lives of the elderly [1] - The event received over 1,500 submissions from more than 60 streets and 80 communities, with a total of 57,000 votes cast in an online and offline interactive voting process [1] Group 2 - The Chengdu branch of Industrial Bank has provided warm financial services to 1.16 million elderly clients, managing over 60 billion yuan in comprehensive financial assets [2] - The bank has been a pioneer in the pension finance sector since 2012 with its "Anyu Life" comprehensive service plan, continuously enriching its pension financial product offerings [2] - The Chengdu branch has received multiple honors, including "National Respect for the Elderly Civilization Award" and "Provincial Respect for the Elderly Civilization Award," and aims to enhance its pension financial services through innovative models [2]

Core Insights - The article discusses the evolving landscape of China's economy and the challenges it faces, including demographic changes and increased health care demands, highlighting the importance of financial institutions in creating a comprehensive service ecosystem to support high-quality economic development [1] Group 1: Product and Service Development - CITIC Prudential Life Insurance launched a comprehensive service ecosystem named "Health, Nurturing, Education, and Wealth" to cover the entire life cycle of customers, marking a strategic shift from "risk compensation" to "service empowerment" [1][2] - The company has developed a product matrix that includes a combination of "lifetime critical illness + medical insurance" and various medical insurance plans to create a full-process health protection loop [2] - In the area of retirement, CITIC Prudential introduced an innovative product combination of "individual pension + tax-advantaged nursing insurance" to support diverse retirement living arrangements [2] Group 2: Strategic Initiatives - The "Future Home" elderly care project was launched to integrate traditional family care with diversified elderly services, aiming to create a comprehensive elderly care service system that includes health protection, spiritual nourishment, and life experiences [2] - CITIC Group emphasizes the importance of "elderly finance" as a key area for the life insurance industry, focusing on customer needs across the life cycle and aiming to provide one-stop solutions that encompass wealth planning and health services [3]

本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09和13.10B條而 作出。 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。 海外監管公告 茲載列中國平安保險（集團）股份有限公司在上海證券交易所網站刊登的「中國 平安保險（集團）股份有限公司關於披露平安銀行2025年第三季度報告的公告」， 僅供參閱。 承董事會命 盛瑞生 公司秘書 中國深圳，2025年10月24日 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執行 董事為謝吉人、楊小平、何建鋒及蔡潯；獨立非執行董事為吳港平、金李、王廣謙、洪 小源、宋獻中及陳曉峰。 证券代码：601318 证券简称：中国平安 公告编号：临 2025-042 中国平安保险（集团）股份有限公司 关于披露平安银行 2025 年第三季度报告的公告 中国平安保险（集团）股份有限公司（以下简称"本公司"）董事会及全体董事 保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 ...

Core Insights - The "Integrity Partners Achieve the Future - 2025 Future Conference" was successfully held in Beijing, focusing on new opportunities for high-quality development in pension finance, with over 60 representatives from various sectors [1][2] - CITIC Group and Prudential Group are committed to building a comprehensive pension finance service system that addresses the full lifecycle needs of clients, focusing on four core areas: health, care, education, and wealth [1][2] Group 1: Conference Highlights - The conference was supported by the British Embassy in China and the China-Britain Business Council, featuring key figures from both CITIC Group and Prudential Group [1] - A launch ceremony for the "Going Abroad, Find CITIC" and "Coming to China, Find CITIC" initiatives was held, aimed at enhancing Sino-British corporate cooperation in the pension finance sector [2] Group 2: Strategic Initiatives - Prudential Group expressed pride in supporting China's pension security system and plans to continue fostering innovation and developing pension solutions tailored to Chinese families [2] - CITIC Prudential Life Insurance will collaborate with innovative overseas enterprises in health, medical, and technology sectors to create a Sino-British health and care laboratory [2][3] Group 3: Service Integration - CITIC Prudential Life Insurance is building an "insurance + service" ecosystem by partnering with various CITIC entities to provide integrated health and care services [3] - The company aims to offer cross-generational wealth management and inheritance services, responding to the needs of clients in both domestic and international markets [3]

Core Viewpoint - The "Integrity Partners Achieve the Future - 2025 Future Conference" was successfully held in Beijing, focusing on new opportunities for high-quality development in pension finance and exploring comprehensive financial services covering the entire life cycle of "health, care, education, and wealth" [1] Group 1: Conference Highlights - The conference gathered over 60 representatives from various sectors including finance, health care, and technology, emphasizing the importance of collaboration across different fields [1] - Keynote speeches highlighted the significance of pension finance as a mainstay of the life insurance industry, with a focus on customer needs throughout their life cycle [2] Group 2: Strategic Initiatives - CITIC Group aims to build a comprehensive pension finance service system, providing one-stop solutions for individuals, families, and enterprises, focusing on wealth planning and health services [2] - Prudential Group expressed pride in supporting the improvement of China's pension security system, particularly in developing third-pillar pension insurance through innovative products [2] Group 3: International Collaboration - The conference marked the launch of initiatives to enhance Sino-British corporate cooperation in pension finance, with partnerships involving various UK organizations [3] - CITIC Group plans to leverage its resources to help high-quality overseas enterprises establish operations in China, promoting international exchange and business collaboration [3] Group 4: Talent Development - The event showcased the upgrade of CITIC's pension finance service system, including the introduction of a certification management system for pension finance planners to cultivate professionals with comprehensive wealth management and health service capabilities [3] Group 5: New Service Launches - The conference also celebrated the 25th anniversary of CITIC Prudential Life Insurance, launching new services aimed at integrating finance, health care, and technology to explore innovative pension service practices [4]