Core Viewpoint - The recent change in business scope by Taikang Asset Management aligns with the latest regulatory framework for insurance asset management companies, indicating a strategic shift towards a more comprehensive service offering in asset management [1][4][5]. Summary by Sections Business Scope Change - Taikang Asset has officially announced a change in its business scope to include entrusted management of insurance funds and various assets, management of other funds, and the provision of professional services related to asset management such as operations, accounting, and risk management [4][5]. - The new business scope has received approval from the National Financial Supervision Administration, and the company will proceed with necessary changes as per regulations [5]. Regulatory Context - The updated business scope is consistent with the "Regulations on Insurance Asset Management Companies" that came into effect on September 1, 2022, which allows for a broader range of activities including the management of various funds and the provision of professional services [6][8]. - The regulations emphasize that insurance asset management companies should focus on long-term capital and investment, aiming for the long-term preservation and appreciation of assets [8]. New Professional Services - The introduction of professional services such as investment consulting, accounting, and risk management is seen as a significant development, allowing Taikang Asset to leverage its expertise in these areas [10][11]. - These services may include outsourcing operations and accounting, which is a common practice among international asset management firms [12]. Current Asset Management Scale - As of December 31, 2024, Taikang Asset's total asset management scale exceeds 4.2 trillion yuan, supporting a diverse range of clients and investment products across multiple markets [13].