Core Points - The event marks the 28th edition of the Investors Day since the company's IPO in 1994, highlighting the company's long-standing commitment to engaging with investors [1] - The General Manager expresses gratitude towards the team for organizing the event and preparing compelling content, indicating a focus on delivering valuable insights to attendees [2] Group 1 - The Investors Day is being held in Frankfurt, with both in-person and webcast participation, showcasing the company's efforts to reach a wider audience [1] - The presence of the entire Executive Board at the event signifies the importance of investor relations and the company's commitment to transparency [2]

格隆汇9月26日丨中国再保险(01508.HK)发布公告，公司的附属公司中国财产再保险有限责任公司("中 再产险")于近期收到相关监管机构批复，获准于全国银行间债券市场公开发行10年期可赎回资本补充债 券，发行规模不超过人民币40亿元。 ...

中国再保险(01508)发布公告，公司的附属公司中国财产再保险有限责任公司(中再产险)于近期收到相关 监管机构批复，获准于全国银行间债券市场公开发行10年期可赎回资本补充债券，发行规模不超过人民 币40亿元。 中再产险本次发行资本补充债券有利于进一步提高其偿付能力，支持其业务平稳健康发展。 ...

Leadership Transition - He Chunlei has resigned as Chairman and Executive Director of China Reinsurance (Group) Corporation due to reaching the statutory retirement age [1] - Zhuang Qianzhi, the current Vice Chairman, will succeed He Chunlei as Chairman pending approval from the financial regulatory authority [2][3] - Zhuang Qianzhi will temporarily assume the role of President until a new President is appointed [2] Management Background - Zhuang Qianzhi, born in January 1972, holds a PhD in Economics and has extensive management experience across various sectors including banking, securities, insurance, and IT [3] - Prior to joining China Re, Zhuang held several senior positions in major financial institutions, including China Construction Bank and Southwest Securities [3] Company Overview - China Re is the only domestic reinsurance group in China, established with a registered capital of 42.48 billion yuan, with significant stakes held by the Ministry of Finance and Central Huijin [3] - The company was listed on the Hong Kong Stock Exchange in October 2015 [3] Financial Performance - In the first half of 2025, China Re achieved total premium income of 103.83 billion yuan, a year-on-year increase of 3.4% [7] - The net profit attributable to shareholders was 6.24 billion yuan, reflecting a 9.0% year-on-year growth, with an annualized ROE of 11.75% [7] - Total investment income reached 9.58 billion yuan, with net investment income of 7.32 billion yuan, marking a 4.9% increase [7]

Core Viewpoint - The article emphasizes the importance of strengthening resilience, maintaining a spirit of innovation, and enhancing capabilities to better leverage the role of the Lingang New Area as a growth engine for Shanghai's development [1][3]. Group 1: Manufacturing and Industry Development - The development of the manufacturing sector is prioritized, with a focus on refining industries and professionalizing parks to create advanced manufacturing bases that are capital and technology-intensive with high added value [1][5]. - There is a call to enhance the competitiveness of the manufacturing industry by improving the integration of innovation and production, optimizing the industrial layout, and attracting upstream and downstream enterprises [5][6]. Group 2: Innovation and Entrepreneurship - The need to clarify innovative business models, gather innovation resources, and improve supporting policies to attract young entrepreneurs to the Lingang area is highlighted [1][6]. - The article stresses the importance of providing comprehensive support for startups, addressing their challenges, and ensuring that policies are convenient and beneficial for entrepreneurs [3][6]. Group 3: Economic and Policy Framework - The Lingang New Area is positioned as a significant reform and opening-up strategy, with a focus on maintaining strategic determination and confidence in development [4][7]. - There is an emphasis on enhancing the business environment to become a core competitive advantage, with measures to streamline services and improve policy accessibility for enterprises [6][7]. Group 4: Strategic Goals and Future Directions - The article outlines the goal of establishing the Lingang New Area as a world-class industrial cluster, focusing on key industries such as smart vehicles, high-end equipment, integrated circuits, civil aviation, and digital economy [7]. - It calls for deepening institutional openness and exploring new areas such as offshore finance and cross-border data flow to achieve significant and leading outcomes [7].

Group 1 - The core viewpoint indicates that the property insurance industry in China experienced a premium growth rate of 4.2% in the first half of 2025, showing a slight slowdown compared to the same period last year [1] - The comprehensive cost ratio of the industry improved by 1.3 percentage points year-on-year to 96.6%, leading to an underwriting profit of 26 billion yuan, a historical high for the same period [1] - More than 40 companies achieved underwriting profitability, marking a significant shift towards high-quality development within the industry [1] Group 2 - The comprehensive cost ratios for both auto and non-auto insurance have shown significant improvement, with auto insurance benefiting from cost control and structural adjustments [1] - The non-auto insurance sector, despite a slowdown in growth, is expected to reverse underwriting losses due to the effective implementation of the "reporting and operation integration" policy [1] - The property reinsurance market continued to expand in the first half of 2025, with ceded premiums reaching 103 billion yuan, marking the first time that ceded premiums exceeded 100 billion yuan in half a year [1] Group 3 - Climate change indicators reached new highs in the first half of the year, leading to increased exposure to catastrophic risks within the industry [2] - The global property insurance market is expected to grow steadily in 2025, with strong demand for reinsurance and high ceded rates, despite the normalization of natural disaster losses and the rise of emerging risks such as cybersecurity and geopolitical issues [2] - The overall stability of the global reinsurance market is anticipated, with most reinsurance companies maintaining strict underwriting discipline [2]

【导读】中国再保险换帅，庄乾志接任董事长 9月18日晚间，中国再保险发布公告称，因达到法定退休年龄，和春雷辞任该公司董事长，同时，董事 会委任庄乾志为董事长，待监管核准其任职资格后正式履职。 庄乾志"接棒"出任董事长 中国再保险公告显示，该公司董事会宣布，庄乾志获委任为该公司第五届董事会董事长，任期至第五届 董事会任期届满时止，任期届满可以连选连任。 同时，在庄乾志正式履任董事长职务之前，由其代为履行该公司法定代表人和董事长职权，期限自2025 年9月18日起，至庄乾志正式履行董事长职务之日止。 公开资料显示，庄乾志出生于1972年1月，经济学博士，高级经济师，在履新前担任中国再保险副董事 长、执行董事。 庄乾志还曾担任中国再保险副总裁、总裁、合规负责人、首席风险官，以及中国人寿再保险有限责任公 司董事长，中再资产管理股份有限公司董事长，自2021年起任中国再保险执行董事，并自2022年12月起 任该公司副董事长。 原董事长和春雷到龄退休 中国再保险公告表示，和春雷辞任自9月18日起生效，其与董事会无不同意见，亦无需向股东额外披露 的事项，该公司对和春雷任职期间的重要贡献表示衷心感谢。 公开资料显示，和春雷出 ...

庄乾志还曾担任中国再保险副总裁、总裁、合规负责人、首席风险官，以及中国人寿（601628）再保险 有限责任公司董事长，中再资产管理股份有限公司董事长，自2021年起任中国再保险执行董事，并自 2022年12月起任该公司副董事长。 【导读】中国再保险换帅，庄乾志接任董事长 9月18日晚间，中国再保险发布公告称，因达到法定退休年龄，和春雷辞任该公司董事长，同时，董事 会委任庄乾志为董事长，待监管核准其任职资格后正式履职。 庄乾志"接棒"出任董事长 中国再保险公告显示，该公司董事会宣布，庄乾志获委任为该公司第五届董事会董事长，任期至第五届 董事会任期届满时止，任期届满可以连选连任。 同时，在庄乾志正式履任董事长职务之前，由其代为履行该公司法定代表人和董事长职权，期限自2025 年9月18日起，至庄乾志正式履行董事长职务之日止。 公开资料显示，庄乾志出生于1972年1月，经济学博士，高级经济师，在履新前担任中国再保险副董事 长、执行董事。 在加入中国再保险前，庄乾志曾任建设银行总行投资银行部财务顾问处副经理、机构业务部证券质押贷 款处高级经理，中国建银投资有限责任公司投资银行部副总经理，战略部、风险部总经理，办公室主 ...

Core Viewpoint - China Reinsurance has appointed Zhuang Qianzhi as the new chairman, succeeding He Chunlei, who retired due to reaching the legal retirement age. This leadership change is expected to influence the company's strategic direction and operational performance moving forward [2][3][7]. Group 1: Leadership Transition - Zhuang Qianzhi has been appointed as the chairman of China Reinsurance's fifth board of directors, with a term that can be renewed upon expiration [4]. - Prior to his new role, Zhuang served as the vice chairman and executive director of China Reinsurance, bringing extensive experience from various positions in the financial sector [5]. - He Chunlei, the former chairman, retired effective September 18, 2023, and the company expressed gratitude for his significant contributions during his tenure [6][7]. Group 2: Company Performance - As of June 30, 2023, China Reinsurance reported a revenue of 61.028 billion yuan, reflecting a year-on-year growth of 0.6%, while the net profit attributable to shareholders was 6.244 billion yuan, up by 9.0% [8]. - The company's insurance service revenue saw a decline of 1.4%, with property reinsurance income decreasing by 2.2% to 22.959 billion yuan, and life reinsurance income dropping by 19.2% to 4.738 billion yuan. However, direct property insurance income increased by 4.1% to 24.117 billion yuan [8].

Group 1 - The core theme of the conference is "Uplifting New Quality Productive Forces and Building a New Insurance Ecosystem" [1] - In the first half of 2025, the growth rate of China's property insurance industry premiums was 4.2%, slightly lower than the same period last year, with underwriting profits reaching 26 billion yuan, a historical high for the same period [1] - The property reinsurance market has shown stable growth, with ceded premiums exceeding 100 billion yuan for the first time in the first half of 2025, while the exposure to catastrophic risks continues to increase [1] Group 2 - The implementation plan for high-quality development of technology finance was introduced, indicating a potential surge in risk protection demand in low-altitude economy and technology sectors [2] - The insurance product system covering the entire lifecycle of technology enterprises has been established, but challenges remain in improving coverage capacity and product innovation [2] - The insurance industry is expected to enhance its operational capabilities in technology insurance and innovate products to contribute to China's modernization [2] Group 3 - The insurance industry association has been actively working to enhance service capabilities and support technological innovation and new quality productive forces [3] - Reinsurance is recognized as an essential component of the modern financial system, providing unique functions and value in developing new quality productive forces and building a modern industrial system [3] - The focus will be on strengthening the role of reinsurance and supporting the property insurance industry in enhancing service quality in new quality productive forces [3]