Group 1: Financial Performance - AIA Group reported a post-tax operating profit of approximately $3.609 billion for the first half of the year, with a year-on-year increase of 12% in post-tax operating profit per share [2] - The new business value for the first half was $2.838 billion, reflecting a 14% year-on-year growth, with a new business value margin of approximately 57.7%, up by 3.4 percentage points [2] - In mainland China, AIA Life achieved a new business value of about $743 million, with a new business value margin of 58.6%, an increase of 2 percentage points year-on-year [2] Group 2: Market Outlook - The CEO and President of AIA Group, Lee Yuanxiang, indicated that 13 out of 18 markets experienced growth in the first half of the year [2] - Mark Konyn, Chief Investment Officer, expressed optimism about the Hong Kong stock market, suggesting further upside potential, with the Hang Seng Index up 25.15% year-to-date as of August 21 [5] - The Hong Kong GDP growth rate for Q2 2025 was reported at 3.1%, with increases in both goods and services exports [5] Group 3: Asset Management Development - AIA Asset Management, headquartered in Shanghai, is expected to commence operations by the end of the year, with progress on establishment proceeding smoothly [7] - The company will initially focus on the group's proprietary business and plans to expand capabilities over time, considering partnerships with mainland institutional investors [7] - AIA Group manages nearly $300 billion in assets, with a significant portion invested in fixed income, while ensuring limited exposure to interest rate risks [8]

Core Viewpoint - AIA Group reported a strong financial performance for the first half of 2023, with a significant increase in operating profit and new business value, indicating robust growth potential in the insurance sector [2][3]. Financial Performance - AIA Group achieved an after-tax operating profit of approximately $3.609 billion for the first half of 2023, with a year-on-year growth of 12% [2]. - The new business value reached $2.838 billion, reflecting a 14% increase year-on-year, with a new business value margin of approximately 57.7%, up by 3.4 percentage points [2]. China Market Insights - In mainland China, AIA Life recorded a new business value of about $743 million, with a new business value margin of 58.6%, an increase of 2 percentage points year-on-year [3]. - The CEO noted that 13 out of 18 markets experienced growth during the first half of the year [3]. Dividend Announcement - The board of directors announced a 10% increase in the interim dividend to HKD 0.49 per share [3]. Stock Performance - As of August 21, 2023, AIA Group's stock price has increased by 33.14% year-to-date [4]. Market Outlook - The Chief Investment Officer expressed optimism about the potential for further increases in Hong Kong stocks, contingent on economic performance and corporate earnings [6]. - The Hang Seng Index has shown a year-to-date increase of 25.15% as of August 21, 2023 [6]. Asset Management Company - AIA Asset Management, headquartered in Shanghai, is expected to commence operations by the end of 2023, with progress on establishment proceeding smoothly [11]. - The company will initially focus on the group's proprietary business and plans to expand capabilities over time, considering partnerships with domestic institutional investors [11]. Investment Strategy - AIA Group's investment assets are globally diversified, with a significant portion allocated to fixed income, while ensuring minimal exposure to interest rate risks [12]. - The company aims to leverage its insurance capital for sustainable and high-quality development, adhering to a long-term investment philosophy [11].

6月18日，金融监管总局局长李云泽在2025陆家嘴论坛上透露，前两天总局刚刚批准了友邦人寿、荷兰 全球人寿在沪筹建保险资管公司。 李云泽表示，金融监管总局将一如既往推动更多金融开放措施在上海先行先试，全力支持上海国际金融 中心建设再上新台阶。 《每日经济新闻》记者获悉，金融监管总局近日批复，同意荷兰全球人寿保险集团筹建荷全保险资产管 理有限公司（下称"荷全保险资管"）；同意友邦人寿筹建友邦保险资产管理有限公司（下称"友邦保险 资管"）。 普华永道中国金融业管理咨询合伙人周瑾接受《每日经济新闻》记者微信采访时表示，中国寿险市场具 有巨大的发展空间，中央对外开放政策也为外资进入并加大对中国寿险市场的投资提供诸多利好因素， 很多外资保险机构近年来也都在加大相关的布局。随着保险业务规模的增长，相应的保险资金运用也有 专业化的管理和运作需求，因此设立保险资管公司，可以专业化管理保险资金，并将其母公司的全球经 验和投资能力引入中国。 友邦人寿：持续深耕中国市场的又一重要里程碑 对于友邦保险资管的获批筹建，18日，友邦人寿回应表示，这不仅彰显了友邦人寿对中国市场的长期投 资承诺，更是中国金融业高水平对外开放成果的直接体现。 ...

Core Viewpoint - The establishment of two foreign-owned insurance asset management companies in Shanghai marks a significant step in China's financial market opening and reflects foreign investors' confidence in the Chinese market's long-term potential [1][2][3]. Group 1: Company Developments - AIA Group has received approval to establish AIA Insurance Asset Management Company in Shanghai, demonstrating its long-term commitment to the Chinese market and the results of China's high-level financial openness [1][2]. - Aegon, through its subsidiary Aegon Global Life, is also set to establish a wholly foreign-owned insurance asset management company in Shanghai, indicating a direct management approach from the parent company [3][4]. - Both companies aim to create a diversified asset management product system tailored to the Chinese market, enhancing their investment capabilities and asset-liability matching [2][4]. Group 2: Market Context - Over the past five years, the average annual growth rate of assets under management in China's trust, wealth management, and insurance asset management sectors has been approximately 8%, positioning China as the second-largest asset and wealth management market globally [5]. - Nearly half of the 40 largest insurance companies have entered the Chinese market, highlighting the increasing interest and investment from foreign entities [5].