Company Overview - CITIC Prudential Life Insurance Co., Ltd. was established in 2000, with a registered capital of 4.86 billion yuan as of December 31, 2024, and total assets exceeding 270 billion yuan [1] - The company focuses on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, and has made significant progress in product development, business growth, and risk management over the past two decades [1][2] - As of now, CITIC Prudential has established 23 branches and over 200 sub-branches across 102 cities in China [1] Product and Service Offerings - The company offers a wide range of insurance products covering traditional insurance, critical illness, medical, accident, and wealth management, catering to the diverse needs of nearly 13 million customers [2] - As of the end of 2024, the total insured amount provided by the company exceeded 22 trillion yuan, with claims paid out amounting to nearly 16.7 billion yuan [2] Risk Management and Credit Rating - CITIC Prudential emphasizes integrating value orientation into its risk management processes and has improved its comprehensive risk management capabilities [2] - The company maintains an AAA credit rating from both China Chengxin International Credit Rating Co., Ltd. and United Ratings, with a stable outlook [2] Investment Strategies - The company has been actively exploring green investment paths, investing in environmental protection, new energy, and energy-saving projects, with a total investment in the real economy reaching 122.1 billion yuan and 21.473 billion yuan in green and sustainable investments as of December 2024 [3] Social Responsibility - CITIC Prudential has committed to social responsibility, donating over 45.4 million yuan to public welfare and sending 7,630 volunteers to support education, disaster relief, and health initiatives [4] Shareholder Information - CITIC Financial Holdings Co., Ltd., established in March 2022, is a comprehensive financial service enterprise under CITIC Group, focusing on capital management, risk management, and wealth management [5] Market Overview - In 2024, the Chinese economy showed a "high at the beginning, low in the middle, and rising at the end" trend, with GDP growth of 5% and nominal GDP growth of 4.23% [38] - The stock market saw significant fluctuations, with the Shanghai Composite Index rising by 12.67% and the Hang Seng Index by 17.67% [39] Bond Market Performance - The bond market experienced a downward trend in yields throughout 2024, with the 10-year government bond yield falling to 1.6752% by the end of the year [40] Investment Account Management - The company manages various investment accounts, including the Preferred All-Bond Investment Account, which seeks stable long-term returns while prioritizing asset safety [9] - The Growth Pioneer Investment Account focuses on equity investments, aiming for high long-term asset appreciation [14]

Company Overview - Cofco Aviva Life Insurance Co., Ltd. is a joint venture established by COFCO Capital and Aviva Group, officially opened on January 1, 2003, with a registered capital of 2.95 billion RMB [3] - The company adheres to the principles of financial stability and standardized operations, covering 18 provinces and municipalities in China, with over 80 key cities, ranking among the top joint ventures in terms of scale and profit [3] - The corporate vision is "Care in Every Home," and the core values are encapsulated in the acronym I_C.A.R.E., emphasizing integrity, collaboration, action, results-oriented, and empathy [3] Investment Account Overview - The investment accounts include various types such as Aggressive, Index, Balanced, Conservative, Growth, Enhanced Index, Balanced Allocation, and Hedging accounts, each with specific investment strategies and asset allocation goals [4][5][6][7][8][9][10][11][12] - The Aggressive account primarily invests in equity funds, targeting an asset allocation of 75-95% in stocks and 5-25% in cash [4][8] - The Index account focuses on index-tracking funds, aiming for 95% in stocks and at least 5% in cash or short-term government bonds [5][9] - The Balanced account invests in a mix of equity and hybrid funds, with a target allocation of 50-80% in stocks and 20-50% in bonds [6][10] - The Conservative account emphasizes bond funds, targeting 60-95% in bonds and 0-5% in cash [7][11] - The Growth account is similar to the Aggressive account, focusing on equity funds with the same asset allocation goals [8][12] - The Enhanced Index account also targets index funds with a similar allocation strategy as the Index account [9][12] - The Balanced Allocation account combines hybrid and equity funds, aiming for a balanced asset allocation [10][12] - The Hedging account primarily invests in money market funds, with a 100% investment in cash equivalents [11][12] Financial Performance - The investment accounts have shown varying annual returns since their establishment, with specific performance metrics outlined for each account type [13][14] - The financial assets of the investment-linked insurance accounts are classified at fair value, with changes recorded in the current period's profit and loss [14] - The investment return rates are calculated based on the selling prices of investment units at the beginning and end of the reporting periods [14]