Core Viewpoint - ZhongAn Online is transitioning from a joint operation model for auto insurance to an independent operation model, having already implemented independent management of compulsory insurance in Shanghai and Zhejiang, with commercial auto insurance also starting independently in Shanghai [1] Group 1 - ZhongAn Online's General Manager Jiang Xing discussed the company's new auto insurance operating model during the mid-year performance release for 2025 [1] - The company has completed the independent operation of compulsory insurance in Shanghai and Zhejiang as of the first half of 2025 [1] - The shift towards independent management of commercial auto insurance marks a significant change from the previous joint operation model [1]