苏州国资主导重组后焕新登场的东吴财险，近日交出了成立后的首份偿付能力报告， 东吴财险二季度偿付能力报告显示，2025年二季度实现保险业务收入190.02万元，实现净亏损184.78万元，净资产收益率和总资产收益率均为-0.09%，投资 收益率为0.17%。 值得关注的是，东吴财险已宣布将在三季度投入6950万元购置固定资产与无形资产，并计划启动约14亿元的投资业务布局。这一金额已占到其20亿元注册资 本的70%，在当前低利率环境下，投资团队的收益与风险平衡能力正在面临考验。 当前，苏州国际发展集团以33%持股稳居东吴财险第一大股东，另有9家国企合计持股66%，仅保留1家民营股东。高管团队配置亦体现战略意图，东吴财险 董事长宋继峰拥有苏州财政局、金融监管局及国资集团管理经验；总经理夏卫新则是东吴人寿十余年的资深高管，具备深厚保险运营背景；而总精算师王进 则曾供职于苏黎世财险中国。 坐拥全国GDP第六的苏州产业基础，东吴财险拥有覆盖35个工业大类、515个小类的丰富产业场景资源。苏州国资寄望其能协同"东吴系"金融板块优势，打 造差异化竞争力。未来，东吴财险究竟是能真正实现脱胎换骨，抑或陷入"新瓶装旧酒"的困局，G ...

Core Insights - FWD Group successfully listed on the Hong Kong Stock Exchange on July 7, attracting significant market attention due to its strong IPO performance [1][4] - The IPO involved a global offering of 91.34 million shares priced at HKD 38.00 each, raising approximately HKD 3.471 billion, with net proceeds of about HKD 2.953 billion [1] - The subscription rates were notably high, with the public offering oversubscribed by 37.13 times and the international offering by 2.32 times, indicating strong investor confidence in the company's growth prospects [1] Company Overview - FWD Group has attracted cornerstone investments from two major institutions, Mubadala Capital and T&D Holdings, collectively subscribing to approximately USD 250 million (around HKD 1.95 billion) of the offering, representing 56.2% of the global offering shares [3] - The cornerstone investment reflects the strong backing and positive outlook from international capital players, underscoring FWD Group's significance in the global market [3] - Since its inception in 2013, FWD Group has expanded rapidly, now serving over 30 million customers across 10 markets in Asia, including Hong Kong, Macau, Japan, and Southeast Asia, driven by both organic growth and acquisitions [3] Future Prospects - The successful IPO marks a significant milestone for FWD Group and is seen as a highlight for its founder, Li Ka-shing, within his broader business empire [4] - With substantial capital raised and global investor support, FWD Group is poised to make a significant impact in the insurance sector, potentially delivering substantial returns for investors and establishing itself as a prominent player in the Hong Kong stock market [4]