Core Viewpoint - China Pacific Insurance (02328) reported a significant increase in net profit for Q3 and the first three quarters, with year-on-year growth of 91.5% and 50.5% respectively, reaching 15.81 billion and 40.27 billion RMB, aligning with market expectations [1] Financial Performance - Net profit for Q3 increased by 91.5% to 15.81 billion RMB [1] - Net profit for the first three quarters rose by 50.5% to 40.27 billion RMB [1] - Net assets grew by 12.3% year-to-date to 289.9 billion RMB [1] Earnings Forecast - The company raised its earnings per share (EPS) forecasts for 2025 and 2026 by 25% and 7% respectively, now projected at 2.14 RMB and 1.89 RMB [1] - The valuation basis has been extended to 2026, with the price-to-book ratio increased from 1.2x to 1.3x [1] - Target price has been raised by 23% to 19.1 HKD [1] Strategic Developments - China People's Insurance Group (01339) showcased high-quality development paths for non-auto business during a recent capital market open day [1] - The company plans to support Chinese enterprises in their overseas expansion, focusing on both enterprise and product exports [1] - It is anticipated that 30% of incremental premiums over the next five years will come from overseas business contributions [1]

Core Viewpoint - China Pacific Insurance (02328) reported a significant increase in net profit for Q3 and the first three quarters, with year-on-year growth of 91.5% and 50.5% respectively, reaching 15.81 billion and 40.27 billion RMB, aligning with market expectations [1] Financial Performance - Q3 net profit increased by 91.5% to 15.81 billion RMB [1] - Net profit for the first three quarters rose by 50.5% to 40.27 billion RMB [1] - Net assets grew by 12.3% year-to-date to 289.9 billion RMB [1] Earnings Forecast and Valuation - The company maintains an outperform rating for the insurance sector [1] - Earnings per share (EPS) forecasts for 2025 and 2026 were raised by 25% and 7% to 2.14 RMB and 1.89 RMB respectively [1] - The price-to-book ratio estimate was increased from 1.2x to 1.3x, with the target price raised by 23% to 19.1 HKD [1] Strategic Initiatives - China People's Insurance Group (01339) showcased high-quality development paths for non-auto business during a recent capital market open day [1] - The company plans to support Chinese enterprises in their overseas expansion, focusing on both enterprise and product exports [1] - It is projected that 30% of incremental premium income over the next five years will come from overseas business contributions [1]

中资企业"走出去"提速，金融机构如何助力投融资 服务？ 近年来，随着中国经济的持续增长和全球化进程加速，中资企业加快了拓展海外市场的步伐，在"一带 一路"倡议的推动下，中资企业"走出去"提速。数据显示，2024年，我国全行业对外直接投资11592.7亿 元，同比增长11.3%。 然而，企业在海外并购等"走出去"活动中，常常遭遇资金短缺与融资难题，同时面临着财务风险、金融 风险以及法律和合规风险等诸多挑战。为应对上述挑战，来自银行和专业机构的人士在上海陆家嘴金融 沙龙第四期的圆桌环节，围绕风险管控和效能提升两大主题，聚焦于中资企业"走出去"过程中面临的投 融资相关问题展开深入讨论。 法律和合规风险是中资企业"走出去"过程中除财务风险、金融风险以外面临的最大风险。北京大成（上 海）律师事务所高级合伙人余承志指出，大成律师事务所通过与国际律所合作、培养涉外律师、搭建新 网络等方式，为企业提供全球法律服务，满足不同层次需求。同时，商业银行也需为企业提供金融方面 的合规风险服务。通过全球布局、搭建新网络、培养年轻律师等举措，大成所全方位管控中资企业出海 的法律合规风险，为企业提供更优质、全面的法律服务，助力其顺利拓展海 ...