Core Viewpoint - The Financial Regulatory Administration has issued a notification regarding the implementation and usage of the "Life Table for China's Life Insurance Industry," emphasizing the importance of data governance and consumer protection in the insurance sector [1] Group 1 - The Financial Regulatory Administration will supervise the industry to implement the requirements of the notification, enhance the application and review of the life table, and improve data governance capabilities to elevate insurance protection levels [1] - There will be strict regulation of actuarial parameters, including the life table, to ensure the accountability of actuarial professionals and protect consumer rights [1] - The industry will be guided to scientifically utilize the life table and other foundational tools to serve as an economic stabilizer and social stabilizer, contributing to national economic and social development and improving social governance [1]

（文章来源：每日经济新闻） 每经AI快讯，10月29日，为规范人身保险业科学使用第四套生命表，金融监管总局近日印发了《关于 做好<中国人身保险业经验生命表（2025）> 发布使用有关事项的通知》（以下简称《通知》）。《通 知》主要内容包括：一是规范人身保险产品费率厘定对生命表的使用。要求保险公司根据产品的责任特 征，按照审慎性原则确定死亡发生率。二是规范法定责任准备金评估对生命表的使用。要求保险公司按 照精算规定评估法定责任准备金的最低标准时，审慎判断产品主要责任，选择适用的发生率表类型。三 是规范分红保险红利分配对生命表的使用。要求保险公司确保红利计算的公平性，保护保单持有人合法 权益。四是强化保险公司精算工作的主体责任。要求保险公司切实发挥精算在风险保障与风险计量等方 面的关键作用，建立健全产品精算管理的内部决策机制，建立可检视、可计量的回溯机制。五是积极发 挥精算师协会的行业自律作用。持续做好人身保险业经验生命表研究编制工作，健全精算师职业道德评 价及管理机制，督促精算师持续提升专业性、独立性和职业道德。 ...

Core Insights - The China Actuarial Association released the "China Life Insurance Experience Table (2025)" during the Financial Street Forum, aimed at reflecting the trends and characteristics of mortality risk in the insurance industry [1] Group 1: Industry Developments - The release of the experience life table is part of the efforts to implement the State Council's opinions on enhancing regulation and preventing risks while promoting high-quality development in the insurance sector [1] - The experience life table serves as a crucial tool for pricing insurance products, evaluating reserves, and managing risks within the industry [1] Group 2: Regulatory Context - The development of the life table was conducted under the guidance of the Financial Regulatory Administration, indicating a collaborative effort between the actuarial community and regulatory bodies [1]

五是全新优化高龄外推方法。首次采用两步法开展高龄外推。第一步对单一生命体表进行外推，拟合形 成反映保险人群自然生命规律的高龄段死亡率曲线，第二步外推使得各风险分类表在高龄段逐渐趋近于 单一生命体表，既反映高龄段死亡率趋同于保险人群自然生命规律，又体现各风险分类表自身的风险特 征。具体操作中，以定量指标确定最优外推模型进行拟合，减少主观操作，确保过程及结果的客观性。 科学选择外推起始年龄，提升模型拟合效果。 六是多维度开展死亡率经验分析。本次生命表编制深入开展了保单、赔案和死亡率分析，针对年龄、性 别、渠道、保额、地区、城市线等进行了多维分析，针对产品风险分类、高年龄外推、少儿段死亡率、 终极年龄、选择因子等展开了专项分析，并深入比较了《中国人身保险业经验生命表（2025）》与既往 三套生命表、人口死亡率、境外人口和保险业死亡率的差异。 下一步，中国精算师协会将在金融监管总局的指导下做好宣传培训工作，利用多种方式展开宣传，将项 目成果向行业内外进行宣讲展示。同时，编写完成《中国人身保险业经验生命表（2025）编制报告》和 《国民人口老龄化应对教育读本》，向保险业从业人员提供多维参考，为人民群众应对人口老龄化提供 ...

对于本次生命表编制工作的主要成果，中国精算师协会相关负责人表示，本次生命表编制的主要成果包 括：一是全新编制了人身保险业经验生命表。充分反映保险人群最新死亡率经验变化，体现养老类业务 表、非养老类业务一表和非养老类业务二表适用业务的当前发生率经验，为人身险产品定价提供更为科 学的参考，切实防范保险业系统性风险。二是首次编制了单一生命体表。首次以被保险人证件号而不是 保单号为线索，跨公司和险类研究单一生命体死亡率，切实反映保险人群个体生命规律，提升与人口死 亡率的可比性，加强与人口死亡率的比较研究。三是系统总结项目经验成果。将形成《中国人身保险业 经验生命表（2025）编制报告》及《国民人口老龄化应对教育读本》，针对不同受众，多维度展示生命 表项目成果，为行业内外提供多层次、多维度参考。 北京商报讯（记者 胡永新）中国精算师协会10月29日发布信息显示，近日，中国精算师协会发布了 《中国人身保险业经验生命表（2025）》，对于生命表编制的背景，中国精算师协会相关负责人表示， 2016年12月，原保监会发布了《中国人身保险业经验生命表（2010-2013）》，在促进人身险产品科学 定价、提高保险业风险防范水平等方 ...

Core Viewpoint - The report emphasizes the importance of financial work in supporting economic stability and high-quality development, guided by the principles set forth by Xi Jinping and the central government [3][4]. Financial Work Progress and Achievements - Since November 2024, the financial system has focused on stabilizing and improving support for the real economy, enhancing financial regulation, and deepening financial reform and opening up, achieving significant results [5]. - Monetary policy measures have been implemented, including a series of adjustments in interest rates and reserve requirements, leading to a year-on-year increase of 8.7% in social financing scale and 8.4% in broad money supply by September [5]. Financial Industry Operation and Regulation - As of September 2025, total assets of financial institutions exceeded 520 trillion yuan, with commercial banks' capital adequacy ratio at 15.36% and non-performing loan ratio at 1.52% [6]. - The Shanghai Composite Index rose by 18.4% from November 2024 to September 2025, with average daily trading volume significantly increasing [6]. Financial Support for the Real Economy - From November 2024 to September 2025, A-share IPOs raised 91.8 billion yuan, with 86% from private enterprises and 92% from strategic emerging industries [7]. - Loans for technology, green, inclusive, elderly, and digital economy sectors grew by 11.8%, 22.9%, 11.2%, 58.2%, and 12.9% respectively, all exceeding the overall loan growth rate [7]. Financial Reform and Opening Up - The report highlights the deepening of financial institution reforms, including a 520 billion yuan capital increase for state-owned banks and the expansion of the bond market [8]. - The RMB has become the largest currency for cross-border payments in China, with significant progress in internationalization and cross-border payment systems [8]. Risk Prevention and Mitigation - Measures have been taken to address risks in small and medium-sized financial institutions, with a 71% decrease in the number of financing platforms and a 62% reduction in operating financial debt by September 2025 [9]. - The report outlines efforts to support the real estate market and combat illegal financial activities, with a focus on maintaining financial stability [9]. Centralized Leadership in Financial Work - The report stresses the importance of adhering to the centralized leadership of the Party in financial work, enhancing the supervision and regulation of financial activities [10]. Future Work Considerations - The focus will be on implementing a moderately loose monetary policy, enhancing financial regulation, and providing high-quality financial services to support key sectors [11][12]. - Continued efforts will be made to deepen financial supply-side structural reforms and promote high-level financial openness while safeguarding national financial security [13].

中经记者 樊红敏 北京报道 10月28日，中欧保险创新论坛作为2025金融街论坛年会的平行论坛成功举行。国家金融监督管理总局 （以下简称"金融监管总局"）副局长周亮在致辞中表示，近期金融监管总局正联合科技部等起草保险业 支持科技创新有关文件，助力科技强国的建设。 周亮指出，在新一轮科技革命和产业变革的历史机遇中，顺应科技与产业融合趋势，保险业将大有可 为。通过多元化风险保障、跨周期险资支持，保险业将能够助力科技创新，提升服务质效，拓展服务外 延，满足民生需求。 周亮强调，助力新一轮的科技创新，保险业大有可为。建设现代化产业体系，迫切需要保险业提供更丰 富、更优质的产品和服务。险资具有长期资本和耐心资本的特点，与科创对穿越周期的需求天然匹配， 可以通过股权、债权等多种方式为科创全链条、全生命周期提供融资支持。 周亮表示，我国科技创新与产业结合具有很好的基础条件，保险要主动顺应科技与产业的融合趋势，发 挥独特的作用。本次论坛中即将签署的保险业与汽车业合作备忘录将推动保险车型综合分级制度建设， 促进车险的科学定价，改进汽车设计安全性和维修的经济性，在提升我国保险业和汽车业竞争力等方面 发挥积极作用。 周亮指出，保险 ...

Group 1 - The A500 index has shown a positive performance with a 0.40% increase as of October 29, 2025, and notable gains in constituent stocks such as Fangda Carbon (10.04%) and China Western Power (9.99%) [1] - The A500 ETF fund has demonstrated active trading with a turnover rate of 10.23% and a transaction volume of 1.863 billion yuan, indicating a vibrant market [1] - The average daily trading volume of the A500 ETF fund over the past month reached 4.997 billion yuan, ranking it first among comparable funds [1] Group 2 - Multiple positive factors are expected to support short-term market performance, with a gradual improvement in listed companies' profitability anticipated to provide additional upward momentum [2] - Despite current corporate earnings being in a stabilization phase, signs of marginal improvement are emerging in certain sectors, and domestic demand recovery may exceed market expectations [2] - The A500 index is designed to reflect the overall performance of the most representative listed companies across various industries, selecting 500 securities with larger market capitalization and better liquidity [2][3] Group 3 - As of September 30, 2025, the top ten weighted stocks in the A500 index accounted for 19% of the index, including major companies like CATL and Kweichow Moutai [3] - The A500 ETF fund and its enhanced versions closely track the A500 index, providing investors with options for exposure to this index [3]

作为一种重要的出行交通工具，电动自行车发生事故，应被视为"机动车"还是"非机动车"？保险公 司能否以"驾驶人未取得机动车驾驶证"或"驾驶机动车不属于保险责任范围"为由拒绝赔偿？ 近日，河南、新疆等地人民法院审理的两起"超标电动车"发生事故引发的理赔纠纷案件，就此类争 议给出了回答。 河南唐河县人民法院发布的一起案例显示，2024年8月，唐河县一名外卖骑手齐某在配送过程中， 驾驶的电动两轮车与行人王某相撞，造成王某身亡。交警部门在事故认定中，依据车辆技术参数将齐某 所驾车辆认定为"机动车辆"，齐某负事故主要责任。齐某与死者家属达成赔偿协议后，向其所在公司和 保险公司索赔。保险公司以签订的保险合同中规定的"驾驶机动车不属保险责任"为由拒赔。齐某遂将公 司和保险公司诉至唐河县人民法院。 在业内专家看来，案件争议的焦点在于"超标电动车"投保商业保险后，由于电动车属性变化，按照 机动车管理模式下与以"非机动车"投保商业保险存在矛盾冲突，这种情况下，商业保险是否应该承担责 任。 对此，江西省高级人民法院立案二庭近日发布的一份研究报告认为，上述案件争议的本质是技术规 范与契约自由的博弈以及社会普遍认知与专业保险之间的不匹配 ...

Group 1: Industry Development in Xinjiang - Xinjiang has experienced significant industrial growth, with diverse sectors such as agriculture, renewable energy, and textiles becoming key pillars of high-quality development [1] - The insurance industry plays a crucial role in risk management, providing a safety net for workers and injecting strong momentum into regional economic growth [1] Group 2: Agricultural Insurance in Aksu - Aksu's "Ice Sugar Heart" apple production benefits from insurance participation, with over 250,000 acres of quality fruit trees and an annual yield of around 300,000 tons [2] - A pilot project for hail prevention nets in Aksu has been initiated, with a total investment of 16.6 million yuan, where farmers cover 40% of the costs [2] - The insurance company has established a "meteorology + insurance" mechanism to enhance disaster prevention and risk management [3] Group 3: Technological Advancements in Insurance - The establishment of a comprehensive database covering 120 million acres of farmland enhances the precision and efficiency of agricultural insurance [4] - Remote sensing technology has improved investigation efficiency by over 80% and reduced costs by 60%, ensuring accurate claims processing [4] Group 4: Cotton Industry Insurance - The cotton industry in Xinjiang is supported by a comprehensive insurance network, providing 12.789 billion yuan in risk coverage and paying out 307 million yuan in claims [5][8] - A combination of policy-based agricultural insurance and commercial income insurance allows farmers to cover 80% of their premiums through government subsidies [6] Group 5: Green Hydrogen Energy Development - The Xinjiang Kuqa Green Hydrogen Demonstration Project is the largest photovoltaic power-to-green hydrogen project in China, aiming for a production capacity of 20,000 tons of green hydrogen annually [9][10] - The project is expected to reduce carbon dioxide emissions by 485,000 tons per year, equivalent to the carbon absorption of 280,000 trees [10] - Insurance services for the project include comprehensive coverage exceeding 2.2 billion yuan, ensuring risk management throughout the project lifecycle [10][11] Group 6: Support for Renewable Energy - The insurance sector has provided 21.585 billion yuan in risk coverage for energy and new power system construction, supporting the region's green development and carbon reduction goals [11]