21世纪经济报道实习生刘晴 记者张欣 （原标题：工行三季度业绩说明会：营收利润双转正，非息收入成增长新引擎） 更值得关注的是，工行精准捕捉市场波动机遇，交易类收入实现显著增长，前三季度相关收入达467亿 元，同比增幅45.7%；境内综合化子公司营收同比增长34.5%，贡献占比从上半年的2%提升至3.6%，有 效对冲了利息收入波动影响。 风险管控方面，截至9月末，工行不良贷款率为1.33%，较上年末下降1个基点；境内公司贷款不良率为 1.35%，较年初下降15个基点；资本充足率18.85%，重点领域风险实现精准管控。制造业、批发零售、 能源等主要行业不良额与不良率"双降"。 工行信管部相关负责人指出，关税政策对工行贷款客户的影响比较有限，主要受影响的客户是产业链韧 性弱、利润较薄、对美国出口依赖程度较高的少部分客户，且这些客户在工行贷款客户中的比例较低。 10月30日，工商银行召开2025年第三季度业绩说明会，披露前三季度经营数据。数据显示，前三季度工 行营业收入、净利润双双实现同比正增长，经营效益企稳回升态势明显。 营收利润双转正，规模与效益协同提升 2025年前三季度，工行实现营收6110亿元，同比增长2% ...

Group 1 - The core point of the article is that Taiping Pension has received approval from the financial regulatory authority to increase its registered capital by 333 million yuan, raising it from 3 billion yuan to 3.333 billion yuan, and Belgium's Ageas Insurance International has acquired a 10% stake, becoming the second-largest shareholder [2] - Taiping Pension, established in 2004, is a subsidiary of China Taiping Insurance Group and is the first state-owned professional pension insurance company in China [2] - The strategic cooperation between China Taiping and Ageas was formalized in May 2022, with Ageas planning to invest 1.075 billion yuan for a 10% stake in Taiping Pension [2] Group 2 - In the second quarter solvency report, Taiping Pension reported an insurance business income of 1.447 billion yuan and a net profit of 55.279 million yuan for the first half of the year [3] - As of the end of the second quarter of 2025, Taiping Pension's core solvency adequacy ratio was 160.80%, and the comprehensive solvency adequacy ratio was 217.93% [3]

Core Viewpoint - The article discusses the approval of a capital increase for Taiping Pension, a subsidiary of China Taiping, which will enhance its capital base and strategic partnership with Belgium's Fidea Group in the Chinese pension finance market [1][2]. Summary by Sections Capital Increase Approval - Taiping Pension received approval from the financial regulatory authority to increase its registered capital by 333 million yuan, changing the total from 3 billion yuan to 3.333 billion yuan [1]. - Fidea Group will acquire a 10% stake in Taiping Pension as part of this capital increase, investing 1.075 billion yuan [1][2]. Shareholder Structure - Post-capital increase, the shareholder structure will be as follows: - China Taiping Insurance Holdings Limited: 89.99% (299,970,000 shares) - Longbi Industrial Zone Management (Shenzhen) Co., Ltd.: 0.01% (30,000 shares) - Fidea Insurance International: 10% (33,333,330 shares) [3]. Background and Strategic Context - Taiping Pension, established in 2004, is a key player in China's pension insurance sector, with a nationwide service network [3]. - The capital increase aligns with China's national strategy to address population aging, positioning pension finance as a critical area for development [3]. Historical Relationship with Fidea Group - Fidea Group has a long-standing partnership with China Taiping, holding stakes in several subsidiaries, including 12.45% in Taiping Life and 20% in Taiping Asset [4]. - Fidea was one of the founding shareholders of Taiping Pension in 2004, initially holding a 10% stake [5]. Market Potential and Future Outlook - The Chinese pension market is one of the largest globally, with significant growth potential, making Taiping Pension an ideal platform for Fidea to leverage its expertise [7]. - Regulatory changes since 2021 have encouraged pension companies to focus on high-quality development, with new guidelines issued in 2023 to strengthen oversight [7]. Performance Metrics - For the first half of 2025, Taiping Pension reported insurance revenue of 1.447 billion yuan and a net profit of 55.279 million yuan [7]. - As of the second quarter of 2025, the core solvency adequacy ratio was 160.80%, and the comprehensive solvency adequacy ratio was 217.93%, indicating strong financial health [7].

张阿姨怔了怔，戴上眼镜低头一看，表单上的小字霎时清晰起来，她不禁笑开了："这太方便了！我家 里的老忘带，每回都发愁。"小林利落地办理业务，一边温声答："您常来的话，下次直接和咱们说就 行，我们一直备着老花镜，放大镜也有。" 业务办妥，小林还特意将存折上的余额用粗头笔在便签纸上誊写清楚，递给张阿姨："这样您回家看也 方便。"张阿姨收好存折和便签，走出网点时步履轻快——原本觉得麻烦的事，只因这一点贴心，变得 格外温暖。 其实，这样的"小便利"在网点并不少见：柜台上常备着放大镜和计算器，填单区摆着大字版模板，遇到 不熟悉自助设备的老人，总有工作人员主动上前协助。这些看似微不足道的小事，却让每一位前来办理 业务的人，心里踏实又熨帖。 近日，农行平阴桥口支行，人流不曾间断。张阿姨攥着存折排在队尾，眉头微蹙——她眼神不大好，每 次填单子都得凑得极近，一笔一画写得小心翼翼，生怕错了一个数字。 轮到领取养老金时，柜台后的柜员小林一眼就留意到了她的难处。接过存折，小林没有照例直接递出单 据，而是从抽屉取出一副老花镜，轻推至台前："阿姨，您试试这副，度数应该合适。" ...