据民生通惠资产管理有限公司官网介绍，该公司成立于2012年11月15日，是由民生人寿保险股份有限公 司出资设立，经原保监会批准成立的第14家保险资产管理公司，注册资本1亿元。目前，该公司的唯一 股东为民生人寿，实际控制人为鲁伟鼎。 民生人寿旗下保险资管公司被罚。 责任编辑：李琳琳 具体而言，金融监管总局对民生通惠资产管理有限公司罚款390万元；对宋云、鲁智钢、赵方莹、莫燕 霞、薛立军警告并罚款共计29万元。 在上述几人中，公开信息显示，鲁智钢曾任直接投资部部门总经理，薛立军曾任投资与组合管理部总经 理。2024年7月，曾任职于长江养老的何了乙接替薛立军任投资与组合管理部总经理。 近日，国家金融监督管理总局披露的罚单显示，民生通惠资产管理有限公司及相关责任人员因未按照规 定运用保险公司资金被罚。 ...

Core Insights - Insurance capital remains active in the market, conducting 348 company surveys in November, with over 126 stocks receiving attention, despite a year-on-year decline in total survey frequency [1][3] - The focus of insurance capital is on high-dividend stocks and sectors aligned with national strategic goals, such as new productive forces, high-end manufacturing, and biomedicine, with companies like BeiGene, Inovance Technology, and Luxshare Precision being particularly favored [1][3] Group 1: Survey Trends - Leading insurance asset management companies are the main players in conducting surveys, with Taikang Asset leading with 21 surveys, followed by Sunshine Asset, Taiping Asset, and others, each exceeding 10 surveys [1] - The Shenzhen Main Board and ChiNext are the primary targets for insurance capital, especially in technology growth sectors like integrated circuits and electronic components [1][3] Group 2: Investment Strategy - Insurance capital is adopting a dual strategy of "stable base + growth elasticity," focusing on high-dividend stocks while enhancing research in new productive forces [3][4] - The emphasis on high ROE and high-dividend companies aligns with the new accounting standards and long-term performance assessments, making them attractive to insurance capital [4] Group 3: Key Companies - BeiGene, Inovance Technology, and Luxshare Precision are highlighted as top targets for insurance capital, each receiving interest from over 20 insurance firms due to their strong competitive advantages and growth potential [3] - Other notable companies in the renewable energy and communication equipment sectors, such as Trina Solar and Dekor, have also attracted attention from more than 10 insurance firms [3]

中国经济导报讯 记者缪晓琴报道 一江一河奔流不息，百年虹口风华正茂。在11月12日举办的上海"十四 五"规划成果系列专场新闻发布会上，虹口区委书记李谦介绍，虹口锚定"新时代都市发展新标杆"战略 定位，以北外滩开发建设为引领，统筹推进高质量发展、高水平改革开放、高品质生活、高效能治理， 区域经济实现量级突破，城区核心竞争力迈上新台阶。 能级跃升：从"点上突破"到"整体提升" 虹口的高质量发展，始于对"为什么发展、如何发展"的深刻回答。以"北外滩开发"为引领，虹口通 过"点上功能突破"带动"整体能级提升"，形成"以点带面、全域联动"的发展格局。 如何让百年文化资源"活"起来，让虹口文旅品牌"火"起来？虹口区委宣传部副部长、区文旅局局长童科 介绍，虹口让国内外游客深刻体验"虹口超好玩"，让文化传播"创新玩出彩"。 今年"五一"，2025国际咖啡文化节让北外滩滨水岸线的咖啡香气里舞动着虹口的潮流活力；十一黄金 周，超动感北外滩次元音乐嘉年华更是引爆全网，让"浦江之上听交响、天际线下追次元"成为上海文旅 新记忆。"邮轮经济"也成了入境游的"新引擎"，"十四五"期间虹口累计接待境外邮轮旅客13.8万人次。 虹口瑞虹新天地 ...

（原标题：华安资产总裁周嘉伟：以保险资管之力，做科技创新的"耐心资本"） 周嘉伟向记者透露，华安资产在金融科技领域的一系列标志性项目，正是依托系统化的服务体系，投资 成果也实现了支持科技创新和稳健收益的双赢。 华安资产总裁周嘉伟接受券商中国记者专访时表示，华安资产内部搭建了一套覆盖组织架构、研究体 系、投资路径的服务体系，用资金活水为科技创新企业全生命周期发展注入动能。 搭建科技金融服务体系 据了解，华安资产所搭建这套覆盖组织架构、研究体系、投资路径的立体化服务框架，让保险资金精准 对接科技企业需求。 在组织架构上，华安资产投行事业部整合原有分部，以国家"五篇大文章"战略为指引，结合团队专业禀 赋，明确将科技与高端制造、新能源等领域列为重点开拓方向，通过资源集中化配置，确保科技金融业 务的专业化推进。 研究体系层面，聚焦科技相关指数动态，通过行业配置分析深挖科技板块量价关系与趋势，辅以偏离度 策略、隐含波动率等模型工具提升决策精度，为筛选优质科技标的提供专业支撑。 投资路径上，华安资产重点投向科技型企业（包括高新技术企业、"专精特新"中小企业等）及科技相关 产业（如高技术制造业、战略性新兴产业、知识产权密集型 ...

区域发展能级实现新跨越。"十四五"是北外滩新一轮开发建设的第一个五年。坚持一张蓝图干到底，带动虹口发展能级整体实现"三大升级"。 一是形象面貌焕新跃升。480米浦西新地标以一天一米的速度拔节生长，年底将突破百米。"一江一河"3.4公里滨水岸线贯通开放，国际邮轮、游艇、游 船同靠，已成为国际大都市靓丽风景线，正积极创建国家级旅游度假区。 11月12日，在上海"十四五"规划成果系列主题新闻发布会虹口区专场上，虹口区委书记李谦表示，"十四五"以来，虹口锚定"新时代都市发展新标杆"战 略定位，以北外滩开发建设为引领，统筹推进高质量发展、高水平改革开放、高品质生活、高效能治理，区域经济实现量级突破，城区核心竞争力迈上新台 阶。地区生产总值从1000亿进阶至1500亿，年均增长4.8%；区级一般公共预算财政收入从百亿级迈过200亿，年均增长15.0%；固定资产投资总额从200亿扩 大到300亿，年均增长7.8%。 潘洁 摄 "十四五"以来，虹口城区全域更新释放新空间。2022年6月全面完成全区成片二级旧里以下房屋改造；今年8月接续完成零星旧改，总体完成"拎马桶"改 造；年底可完成小梁薄板改造任务。 系统性加快片区更新。累 ...

Core Viewpoint - Insurance asset management is becoming a crucial "patient capital" for supporting technological innovation, leveraging its long-term funding characteristics to meet the financing needs of tech enterprises [3][5]. Group 1: Characteristics of Insurance Asset Management - Insurance funds, with a total utilization balance of approximately 33 trillion yuan and an average liability duration of 13.19 years, align well with the average 12-year R&D cycle of tech companies [5]. - The long-term investment nature of insurance asset management allows it to withstand short-term market fluctuations and support tech companies through their development phases, particularly in high-investment sectors like semiconductors, AI, and biomedicine [5][6]. Group 2: Investment Strategies - Insurance asset management is constructing a diversified investment system that includes equity investments, debt plans, and REITs to meet the full lifecycle funding needs of tech enterprises [7]. - Equity investment is identified as a core strategy, with a focus on private equity funds and direct investments in strategic emerging industries such as chips and AI [7]. - Fixed-income tools like tech bonds and REITs are also highlighted for their potential to provide stable returns and support the financing of tech enterprises [8]. Group 3: Risk Management - The company employs a proactive management strategy that incorporates both financial and non-financial risk assessment metrics, including patent value and R&D investment [10]. - A multi-layered risk diversification strategy is implemented, focusing on various sectors and regions to mitigate risks associated with specific industries [10]. - Collaboration with local governments and venture capital funds is emphasized to create a multi-tiered financial service ecosystem that supports tech enterprises [10]. Group 4: Future Outlook - The potential for insurance asset management to further enhance its role in supporting hard technology breakthroughs and new productive forces is anticipated as investment tools continue to evolve [6]. - The growth of Allianz Asset Management's assets under management from approximately 28 billion yuan to over 300 billion yuan within four years indicates a steady increase in tech-related investments [10].

Core Viewpoint - The article emphasizes the importance of insurance asset management companies, like Jianxin Insurance Asset Management, in supporting the development of technology finance and innovation in China, aligning with the national strategy of becoming a technology powerhouse [2][5]. Investment Strategies - Jianxin Insurance Asset Management is focusing on emerging fields such as artificial intelligence, robotics, intelligent driving, large models, and biomedicine, increasing its investment scale in these areas [2][3]. - The company employs a top-down asset allocation strategy for equity investments, aiming to increase the proportion of investments in technology innovation companies while ensuring return rates and asset volatility constraints [3][4]. - From the second half of 2024, the company plans to intensify research in AI technology, new energy technologies, and innovative pharmaceuticals, including overseas computing power construction and domestic semiconductor independence [3][4]. Investment Scale - As of July 2025, Jianxin Insurance Asset Management's total investment in technology innovation amounts to 22.9 billion, with 6.204 billion in technology innovation stocks, 6.171 billion in technology innovation bonds, and 5.145 billion in technology equity investment funds [4]. Risk Management - The company recognizes the challenges of balancing risk and return in technology innovation investments, which are characterized by rapid technological changes and significant asset price volatility [6][8]. - Four key measures are implemented to manage risks: enhancing research capabilities, optimizing investment strategies to diversify across various technology sectors, focusing on safety margins during investment, and improving post-investment management [7][8]. Challenges and Solutions - Challenges include the high barriers to researching and investing in technology innovation companies, significant stock price volatility, and the long investment cycles associated with equity investments [8][9]. - Solutions involve leveraging the parent company's resources for comprehensive research and enhancing the evaluation system for equity investments to align with long-term investment logic [9].

Core Viewpoint - The article emphasizes the importance of insurance asset management in supporting technological innovation and economic transformation in China, highlighting the need for long-term capital to meet the funding requirements of the tech industry [1][2]. Group 1: Characteristics of Insurance Funds - Insurance funds are characterized by their large scale and long duration, making them well-suited to meet the long-term, continuous, and substantial funding needs of the tech industry [2]. - As of the second quarter of 2025, the total investment balance of insurance companies in China exceeded 36 trillion yuan, underscoring their role as a stabilizing force in the capital market [2]. Group 2: Investment Strategies for Innovation - The insurance industry is increasing its investment in technological innovation through various financial instruments such as bonds, equity, debt plans, and industry funds [3][4]. - Taiping Asset Management is focusing on building a research and investment system that aligns with the requirements of the tech sector, enhancing its ability to evaluate and price tech companies [3]. Group 3: Financial Ecosystem for Technology - The article discusses the need for a comprehensive investment support system that matches the development characteristics of tech companies, including early-stage funding through venture capital and later-stage support via strategic investments [5][6]. - It highlights the importance of balancing short-term pressures with long-term value creation, necessitating a robust risk management framework tailored to the unique characteristics of tech investments [6].

Core Viewpoint - The article emphasizes the importance of insurance asset management in supporting technological innovation and economic transformation, highlighting the need for financial institutions to provide long-term capital to foster innovation and industrial upgrades [2][4]. Group 1: Characteristics of Insurance Funds - Insurance funds are characterized by their large scale, long duration, and stable cash flow, making them well-suited to meet the long-term, continuous, and substantial funding needs of the technology innovation sector [3]. - As of the second quarter of 2025, the total investment balance of insurance companies in China exceeded 36 trillion yuan, underscoring their role as a significant source of long-term capital in the market [3]. Group 2: Support for Technological Innovation - Supporting technological innovation is seen as a necessary choice for insurance funds to better serve the real economy, aligning with national strategies for innovation and industrial transformation [4]. - The active participation of insurance funds in technology innovation investments can enhance their integration into the national innovation system and contribute to high-quality economic development [4]. Group 3: Investment Strategies and Approaches - The insurance industry has been increasing its investment in technology innovation through various financial instruments such as bonds, equity, debt plans, and industrial funds [5]. - Taiping Asset Management is focusing on building a research and investment system that aligns with the requirements of technology innovation, enhancing valuation and pricing capabilities for tech companies [5]. - The company aims to include high-quality tech assets in its investment portfolio, emphasizing the importance of aligning investments with national strategic areas [5]. Group 4: Building a New Ecosystem for Financial Technology - The article discusses the need for insurance funds to create a comprehensive investment support system that matches the development characteristics of technology enterprises [6]. - It highlights the importance of identifying strategic emerging industries and traditional industries undergoing digital transformation to attract more social capital [6]. Group 5: Risk Management and Sustainability - Safety remains a top priority in the utilization of insurance funds, necessitating the establishment of a robust risk management system that includes long-term analysis and real-time monitoring [8]. - The article concludes with a commitment from Taiping Asset Management to align with national strategies and effectively utilize insurance funds to support technological innovation [8].

Core Viewpoint - China Life Insurance has announced the renewal of two related transactions with Guoshou Investment Insurance Asset Management Co., which will enhance its alternative investment strategy and strengthen its collaboration with Guoshou Anbao Fund Management Co. [1][3] Group 1: Transaction Details - The first announcement involves the renewal of the alternative investment management cooperation, effective from January 1, 2026, to December 31, 2028, with a maximum signing amount for new entrusted investment management assets set at 120 billion, 140 billion, and 150 billion yuan for the years 2026 to 2028 respectively [1] - The management service fees for new projects will be uniformly calculated at 0.08% annually, with total service fee caps of 1.1 billion, 1.2 billion, and 1.3 billion yuan for the same years [1][2] - The second announcement pertains to the continuation of the business cooperation with Anbao Fund, focusing on fund product subscription, redemption, and private asset management, with annual caps for subscription and redemption amounts set at 2 billion yuan and management fees at 20 million yuan for the years 2026 to 2028 [2] Group 2: Historical Data and Performance - In 2023 and 2024, the newly entrusted asset signing amounts were 76.76 billion and 64.96 billion yuan respectively, with service fees of 770 million and 730 million yuan [2] - For the first half of 2025, the signing amount reached 21.52 billion yuan, with related service fees amounting to 330 million yuan [2] - The historical data for fund subscriptions shows amounts of 140 million yuan in 2023 and 2024, and 175 million yuan in the first half of 2025, while redemptions were 140 million, 350 million, and 70 million yuan respectively [2] Group 3: Company Background - Guoshou Investment, established in 2007, is a specialized alternative investment platform under China Life, with a registered capital of 3.7 billion yuan and a cumulative signing scale exceeding 950 billion yuan as of the end of 2024 [3] - Guoshou Anbao Fund, founded in October 2013, is the first public fund management company in China with insurance background, managing over 340 billion yuan as of June 2025, but facing an asset structure imbalance with over 95% in fixed-income and money market funds [4]