专题：中国财富管理50人论坛2025年会 1月5日金融一线消息，中国财富管理50人论坛2025年会近日在京召开，本届年会的主题是"迈向'十五 五'建设金融强国"。在"AI时代金融行业基础设施建设"圆桌论坛上，国民养老党委书记、总经理黄涛表 示，AI可以扩大养老金融生产的可能性边界。需求、产品、产品服务、价值和情怀是养老保险的五个 关键问题。国民养老利用AI技术分析养老金融需求，开发养老保险产品，提高产品服务。并和有关厂 商合作推出了自己的AI模型，一是从养老金的管理和支付往前推理，推出了养老规划，超越了单独的 养老产品；二是开发了简言；三是AI赋能精算，提高投资效率。 1月5日金融一线消息，中国财富管理50人论坛2025年会近日在京召开，本届年会的主题是"迈向'十五 五'建设金融强国"。在"AI时代金融行业基础设施建设"圆桌论坛上，国民养老党委书记、总经理黄涛表 示，AI可以扩大养老金融生产的可能性边界。需求、产品、产品服务、价值和情怀是养老保险的五个 关键问题。国民养老利用AI技术分析养老金融需求，开发养老保险产品，提高产品服务。并和有关厂 商合作推出了自己的AI模型，一是从养老金的管理和支付往前推理，推出 ...

12月26日，在金融时报社举办的以"以金融之力 筑强国之基"案例分享会上，《农银人寿践行"五篇大文 章" 谱写高质量发展新篇章》案例入选2025年度金龙·金融力量"金融'五篇大文章'"案例名单。 农银人寿积极响应监管号召，围绕着力做好科技金融、绿色金融、普惠金融、养老金融、数字金融"五 篇大文章"进行全方位战略布局与创新实践，通过构建多元化养老服务体系、深化普惠金融服务、推动 数字化转型、支持绿色与科技产业发展等系列举措，展现了银行系险企在服务国家战略、推动行业高质 量发展方面的积极探索与显著成效。 在养老金融方面，公司着力构建"一优一强一稳"的养老服务体系，做优养老保险产品供给、做强养老保 险服务保障、做稳养老保险资产管理。 在普惠金融方面，公司以服务"三农"为核心，建立"三农"专属产品体系、面向小微企业、新市民等推出 普惠性产品，并通过线上线下结合的方式推进服务下沉与知识宣教，同时加强涉农投资支持乡村经济。 完善养老产品体系。面对日益增长的多样化、个性化养老需求，传统保险产品和服务模式难以有效满 足。农银人寿通过产品创新和服务延伸，致力于为完善养老产品体系，加强养老服务便利性作出贡献。 加强普惠金融下沉。 ...

Core Viewpoint - Guoyuan Insurance's Henan branch has demonstrated significant achievements in supporting agricultural development and rural revitalization through innovative insurance products and efficient claims services, particularly in response to adverse weather conditions [1][3]. Group 1: Agricultural Insurance Services - The company has implemented emergency plans and established special working groups to efficiently conduct claims assessments and payouts in response to adverse weather, such as the "rotten field rain" in 2023 and the combined drought and rain in 2025, with total advance payments reaching 68.45 million yuan [1]. - Guoyuan Insurance has developed a "heaven, air, and ground" integrated inspection system using satellite remote sensing and drone aerial photography to enhance underwriting precision, claims efficiency, and digital management [1][3]. - The company has launched innovative agricultural insurance products, including price and feed cost insurance for pigs, corn, soybeans, and peanuts, utilizing the price risk hedging function of futures to mitigate market price volatility [3]. Group 2: Financial and Technological Innovations - Since 2021, the company has provided over 5 billion yuan in ecological risk protection through green finance products like forest and carbon sink insurance, and has offered agricultural production risk protection totaling 24.761 billion yuan to 2.9858 million farming households [3]. - The company has established a rural insurance big data center and optimized mobile service platforms to enhance risk control and service levels, promoting intelligent and transparent agricultural insurance services [3]. - Guoyuan Insurance has actively developed pension insurance products to support the construction of a multi-tiered pension security system [3]. Group 3: Community Engagement and Support - The company organizes agricultural technology expert teams and volunteer service teams to provide knowledge dissemination, technical training, disaster reduction, and material donations during critical farming periods [4]. - Guoyuan Insurance offers 24/7 service to clients during adverse weather events to ensure smooth claims processing [4]. - The company has established 216 township-level "three rural" insurance service stations and 3,246 village-level service points in Henan Province, achieving full coverage of its service network [6].

Core Insights - The China Actuarial Association released the "Experience Life Table for the Chinese Life Insurance Industry (2025)" at the Financial Street Forum, highlighting significant changes in population structure and life expectancy due to rapid economic development [1][2] Group 1: Life Table Trends - The expected lifespan of the insured population has increased by approximately 10 years from the first to the fourth life table [1] - Child mortality rates have significantly improved across all age groups, indicating advancements in China's healthcare system for children [1] - The mortality rate among the insured population in economically underdeveloped regions has decreased, reflecting the success of national strategies like poverty alleviation and rural revitalization [1] Group 2: Implications for Insurance Products - The life table provides a scientific basis for designing retirement insurance products, allowing companies to better meet the aging population's needs [2] - It supports the optimization of death risk coverage, enabling timely economic compensation during significant risk events [2] - The newly compiled life table offers insights for upgrading insurance product responsibilities, facilitating detailed customer segmentation and risk analysis [2]

Core Insights - The insurance industry plays a crucial role in economic development and improving social welfare, with total assets exceeding 40 trillion yuan and cumulative payouts reaching 9 trillion yuan, marking a 61.7% increase compared to the "13th Five-Year Plan" period [1] - During the "14th Five-Year Plan" period, the insurance sector has focused on high-quality development, enhancing its comprehensive strength and achieving new breakthroughs in serving the real economy and social welfare [1][3] Group 1: Economic Impact - The insurance industry has provided risk protection across various sectors, contributing to national strategies and addressing weak links in the economy [1] - Cumulative risk protection provided by the insurance industry during the "14th Five-Year Plan" period has exceeded 10 trillion yuan, supporting over 3,600 innovation application projects [2] Group 2: Technological Innovation - China Life Insurance has developed over 200 technology insurance products, providing risk protection exceeding 4 trillion yuan since the establishment of the integrated circuit co-insurance system [2] - The insurance sector has supported significant projects such as the Long March 8 remote sensing satellite and the domestically produced C919 large passenger aircraft, with over 300 billion yuan in coverage [2] Group 3: Social Welfare - The insurance industry has expanded its capacity to improve and guarantee social welfare, with major projects covering over 12.2 billion urban and rural residents for critical illness insurance and 1.8 billion people for long-term care insurance [3] - Commercial health insurance has provided economic compensation of 1.8 trillion yuan to those affected by illnesses over the past five years [3] Group 4: Disaster Risk Management - The insurance industry has established a national disaster risk map and a digital risk warning network, with cumulative payouts exceeding 150 billion yuan for disasters such as floods and earthquakes during the "14th Five-Year Plan" period [4] - From 2024, catastrophe insurance will cover common natural disasters in China, with a minimum coverage amount doubled, providing 22.36 trillion yuan in catastrophe risk protection for 64.39 million households [4] Group 5: Comprehensive Insurance Services - The insurance sector has formed a comprehensive insurance service system focusing on risks related to aging, illness, disasters, and poverty, optimizing the allocation of risk resources across society [5]

Core Insights - The insurance industry in China has achieved significant growth during the "14th Five-Year Plan" period, with a total compensation of 9 trillion yuan, marking a 61.7% increase compared to the "13th Five-Year Plan" period [2] - The industry has played a crucial role in supporting economic development and social stability, with a total insurance liability amounting to 12.104 trillion yuan and daily compensation reaching 1.1 billion yuan, a 32% increase from the previous period [3] - The insurance sector has expanded its service capabilities, focusing on various demographics, including the elderly and rural populations, with significant investments in health and pension sectors [6][7] Industry Development - The insurance industry has become the second-largest in the world, with a total fund utilization balance of 33.26 trillion yuan by 2024, reinforcing its role as an economic stabilizer [3] - Insurance funds invested in stocks and equity funds exceeded 5.4 trillion yuan, reflecting an 85% increase from the end of the "13th Five-Year Plan" [2] - The average insurance coverage per mu (unit of area) for major crops has increased by 72% during the "14th Five-Year Plan" [2] Risk Management - The industry has prioritized risk prevention, enhancing its risk management frameworks and utilizing technology to mitigate both new and existing risks [8] - China Life Insurance has implemented a comprehensive risk management upgrade plan, focusing on compliance and risk monitoring [8] - China Pacific Insurance emphasizes proactive and precise risk management strategies to strengthen compliance and internal controls [8] Service Enhancement - The insurance sector has introduced over 100 pension insurance products and has provided coverage for more than 1.366 million elderly individuals through its "Silver Care" program [6] - By mid-2025, China Life Insurance had provided risk protection for nearly 1.1 billion elderly individuals and 1.6 billion rural residents, significantly reducing medical burdens [6] - The industry has also focused on green insurance and inclusive insurance, achieving global leadership in these areas [6]

Core Viewpoint - Postal Savings Bank of China Beijing Branch integrates its development into the overall economic and social development of the capital, focusing on providing modern financial services that meet diverse citizen needs and contribute to high-quality economic growth [1][18]. Group 1: Financial Service Efficiency - The bank enhances financial service efficiency through technology empowerment and process innovation, ensuring that financial resources reach the demand side more accurately and quickly [4][5]. - A closed-loop model of "online application + on-site service" has been introduced for small loans, allowing customers to apply via mobile banking and receive tailored solutions from dedicated loan officers [4][5]. - The bank collaborates with government departments and industry associations to address financing challenges faced by small and micro enterprises, optimizing product services and improving efficiency [4][5]. Group 2: Elderly Financial Services - The bank focuses on elderly financial services, addressing the needs of an aging population by providing stable asset allocation solutions and enhancing service quality [6][7]. - A diverse range of pension financial products is offered, including wealth management and insurance products, to meet the core demands of elderly clients for stability and safety [7]. - The bank has established an "age-friendly" service system, ensuring that elderly clients can access financial services without barriers, including physical accommodations and user-friendly technology [8][9]. Group 3: Community Engagement and Support - The bank has initiated the "Golden Sunshine Station" project to create a community space for elderly clients, offering health lectures and social activities to foster community engagement [9][10]. - The "Golden Sunshine Club" organizes events to promote health and social interaction among elderly clients, enhancing their quality of life [10]. - The bank prioritizes the financial safety of elderly clients by providing education on fraud prevention and ensuring secure banking practices [10][13]. Group 4: Social Responsibility and Emergency Response - In response to extreme weather events, the bank has implemented measures to support affected businesses and residents, including loan extensions and simplified approval processes [15][16]. - The bank has launched initiatives to assist residents in rebuilding after disasters, offering favorable loan terms and material subsidies to ease financial burdens [17]. - The bank's commitment to social responsibility is evident in its proactive approach to community support during crises, reinforcing its role as a reliable financial partner [15][16].

Core Insights - The growth of personal pension accounts is lagging behind ordinary accounts, indicating that investors view these products primarily as high-quality ordinary investment options rather than dedicated pension products [1][2] - The development of pension wealth management is constrained by three main factors: insufficient sales push, lack of significant yield advantage over insurance products, and a prevailing investor preference for safety over returns [2][3] - Enhancing the investor holding experience is crucial for the development of pension wealth management, as it helps investors recognize the value of long-term investments [3][4] Sales Push Factors - Sales personnel are more actively promoting insurance products compared to wealth management products, which is influenced by sales incentive mechanisms [2] - The yield performance of wealth management products has not shown a significant advantage over insurance products in recent times [2] - Consumers prioritize safety in their pension savings, leading them to favor deposits and insurance products over riskier wealth management options [2][6] Investor Experience Enhancement - Improving the holding experience for investors is essential to help them appreciate the benefits of long-term investment and compound growth [3] - There is a significant potential difference in returns between low-yield savings products and slightly higher-yield wealth management products over a long investment horizon [3] - Financial institutions should focus on understanding client needs and designing products accordingly to enhance the long-term investment experience [3][4] Product Performance and Market Dynamics - Wealth management companies are confident in their product competitiveness, especially as both insurance and wealth management sectors face challenges in obtaining high-quality assets [4] - Wealth management products may gain competitive advantages over public funds due to better asset acquisition capabilities and investment strategy flexibility [4] Asset Allocation Strategies - Current personal pension account allocations are primarily based on investor self-decision rather than professional asset allocation services [6] - Professional institutions can stimulate the pension wealth management market by providing scientific and systematic asset allocation services tailored to individual client needs [6] - Recommendations for a balanced asset allocation strategy can help clients optimize their pension funds, moving away from solely relying on low-yield savings [6]

Core Viewpoint - The aging population in China is increasing the demand for elder care services, leading to a growing focus on the elder care industry, which is essential for improving the well-being of millions of citizens [1] Financial Support for Elder Care Industry - Financial support is crucial for increasing the supply of elder care services, as voluntary financing and fiscal support are insufficient to meet the diverse funding needs of the industry [2] - The elder care industry encompasses various sectors, including healthcare, real estate, and cultural services, necessitating optimized resource allocation through financial sector involvement [2] - Current reliance on government support creates market uncertainties, and financial backing can enhance the industry's resilience against risks [2] Opportunities for Financial Sector - The growing demand for elder care services presents a significant market growth opportunity for financial institutions, covering areas such as healthcare, nursing, and wealth management [3] - The elder care sector can provide stable investment returns, aligning well with the liabilities of various insurance institutions [3] - Engaging in elder care services allows financial institutions to fulfill social responsibilities while expanding into socially valuable business areas [3] Challenges in the Elder Care Industry - The elder care industry faces challenges such as immature business models, with revenue primarily from service fees and a lack of a complete ecosystem [4] - There is a mismatch in supply and demand, with an oversupply of high-end services in urban areas and insufficient quality services for lower-income groups [4] - Data standardization is lacking, affecting decision-making efficiency for financial institutions [4] - High investment risks exist due to weak profitability and long return cycles in elder care service providers [4] Insufficient Financial Support - Financial institutions often lack a deep understanding of the elder care sector, leading to inadequate professional talent and limited service offerings [5] - The application of technology in financial services for elder care is still in the exploratory stage, failing to meet diverse needs [5] - Current government financial support policies are primarily focused on infrastructure, with insufficient incentives for upstream and downstream enterprises [6] Development Strategies - Innovation in financial products and services is essential to meet the diverse financial needs of the elder care industry [7] - Utilizing technology can enhance the efficiency and security of elder care financial services, such as real-time health monitoring [8] - Innovative policy tools are needed to mobilize resources for elder care industry development, including long-term funding support and risk-sharing mechanisms [9] Interdepartmental Collaboration - Effective interdepartmental collaboration is crucial for enhancing the systemic and operational effectiveness of elder care financial policies [10] - Establishing a high-level coordination mechanism among various departments can improve policy implementation and resource allocation [10]

Core Viewpoint - Guohua Life Insurance Co., Ltd. has transitioned from a profit of 2.2 billion to a loss exceeding 1 billion, facing significant challenges alongside its parent company Tianmao Group, which is at risk of delisting due to failure to disclose financial reports on time [1][4] Financial Performance - Guohua Life reported a loss of 1.155 billion in 2023, marking a 338.6% year-on-year decline [3][10] - The company’s premium income for 2024 is approximately 34.639 billion, reflecting a 14.21% decrease compared to the previous year [11] - The net profit has consistently declined since 2020, with a drop to 1.111 billion in 2020 and only 484 million in 2022 [10] Corporate Governance and Strategy - The company has been criticized for its governance structure, with a CIIGI rating primarily at "BBB" from 2016 to 2023, indicating room for improvement [11] - Guohua Life is urged to establish an independent survival capability and develop a unique business model to achieve sustainable growth [12] Market Position and Challenges - The parent company Tianmao Group holds a 51% stake in Guohua Life, and its potential delisting poses risks to the insurance company’s capital and operational stability [4][5] - The insurance sector is experiencing increased scrutiny and regulatory challenges, particularly for companies with parent firms facing delisting risks [5][6] Business Model and Adjustments - Guohua Life is shifting its business strategy to focus on high-quality sustainable development, actively controlling the scale of its business and optimizing its product structure [11][15] - The company is also diversifying into the elder care industry, launching the "He Yue Jia" brand and developing a comprehensive elder care ecosystem [16] Distribution Channels - The proportion of premium income from the bancassurance channel has decreased from over 94% in 2018 to around 90% in 2023, indicating a strategic shift in distribution [14][15]