Core Insights - The article highlights the rapid development of a multi-tiered insurance system in China, which includes basic medical insurance, "Hui Min Bao," and commercial health insurance, aimed at meeting diverse healthcare needs of the population [1][6] Group 1: Insurance Coverage and Participation - Over 1.3 billion people are covered by basic medical insurance in China, and "Hui Min Bao" has reached approximately 30 provincial-level administrative regions [1] - By 2025, "Hui Min Bao" participation is expected to exceed 6.45 million in Shanghai, with similar growth in other cities like Shenzhen and Beijing, where participation is projected to surpass 6.15 million and 4.34 million respectively [3] - As of March 2025, "Hui Min Bao" has accumulated compensation payments exceeding 2.2 billion yuan, while "Shenzhen Hui Min Bao" has compensated nearly 230,000 individuals [3] Group 2: Growth in Commercial Health Insurance - The health insurance sector achieved approximately 97.74 billion yuan in premium income in 2024, reflecting a year-on-year growth of about 8.2% [4] - Medical insurance has overtaken critical illness insurance in market share for the first time, indicating its role in supplementing basic medical insurance and covering high-value innovative drugs [4] - Pacific Health Insurance has served over 2 million customers since launching "Blue Medical Insurance" in 2022, with compensation amounts reaching 3.77 billion yuan in the first half of 2025, a 16% increase [4] Group 3: Challenges and Recommendations - Despite the progress, challenges such as insufficient coverage, data silos, and low penetration of commercial insurance remain [6] - Experts suggest breaking down data barriers and establishing secure sharing mechanisms to enhance product pricing and reduce costs [7] - Recommendations include integrating commercial health insurance with basic medical insurance for efficient claims processing and expanding coverage to include various demographics and innovative treatments [7]

Core Viewpoint - The article emphasizes the importance of financial services in enhancing people's lives and ensuring financial security, particularly in the context of China's push towards common prosperity. It highlights China Ping An's commitment to "finance for the people" through comprehensive protection systems and innovative service practices [1][13]. Group 1: Financial Services and Consumer Protection - China Ping An has established a comprehensive consumer protection system that integrates consumer rights into product design, ensuring clarity and fairness in financial products [11][12]. - The company actively engages in financial education and outreach, conducting over 30,000 activities in 2024, reaching more than 1.5 billion consumers [11][12]. - Ping An's customer service has been enhanced with a dual-mode approach, combining AI and human support, particularly focusing on elderly clients to bridge the digital divide [11][12]. Group 2: Emergency Response and Social Responsibility - In response to natural disasters, China Ping An has implemented an emergency response mechanism, providing timely assistance and support to affected communities [2][3]. - The company has demonstrated its commitment to social responsibility by mobilizing resources for disaster relief, including rapid claims processing and on-site support during emergencies [2][3]. Group 3: Health Management and Global Services - China Ping An has launched the "Ping An 24" global rescue service, providing comprehensive cross-border support for clients facing emergencies abroad [5][6]. - The company is also focused on health management, aligning with national health initiatives to offer integrated medical and insurance services, enhancing preventive care and early diagnosis [6][7]. Group 4: Inclusive Finance and Community Support - Ping An's strategy includes promoting inclusive finance, targeting small and micro enterprises, the elderly, and rural communities to bridge financial service gaps [8][9]. - The company has initiated various financial products and services tailored to meet the needs of different demographics, including health insurance for new residents and long-term care insurance for the elderly [9][10]. Group 5: Commitment to Innovation and Future Goals - China Ping An is committed to redefining financial services through technology and innovation, aiming to make financial services more accessible and user-friendly [13][14]. - The company plans to continue enhancing its service model to ensure that financial services are simple, transparent, and efficient, ultimately supporting individuals in achieving a better quality of life [13][14].

Core Viewpoint - The "Huibao" project by China Pacific Life Insurance Shanghai Branch exemplifies the financial industry's commitment to public welfare and health security, aligning with the principles of the 20th National Congress of the Communist Party of China and the Central Financial Work Conference [1] Group 1: Project Overview - "Huibao" was launched in 2021 and operates under the principles of "government guidance, commercial operation, and benefiting the people," quickly becoming a key part of Shanghai's multi-tiered medical insurance system [1] - The product features low entry barriers, broad coverage, and high protection, allowing all basic medical insurance participants in Shanghai to access benefits without restrictions based on age, occupation, residency, or health status [1] Group 2: Product Development - The design of "Huibao" has been continuously upgraded to meet the evolving medical insurance needs of citizens, expanding the list of covered high-cost medications to 48 [3] - The product integrates a cooperative insurance model and advanced medical coverage, tailored to the specific needs of Shanghai residents, demonstrating a "one city, one policy" approach [3] Group 3: Claims Service Innovation - The optimization of claims services is a highlight of "Huibao," with the application rate of electronic medical data rising from 65% in the first year to 90% currently [4] - The transition from traditional "self-claim" to "proactive claims" has significantly expedited the claims process, achieving an average resolution time of "same-day completion" [4] Group 4: Beneficiary Impact - The project has provided substantial support to individuals like Ms. Chen, who faced high medical costs due to severe illness, with the government funding "Huibao" for economically disadvantaged groups [6] - "Huibao" has processed over 1.33 million claims, with total payouts exceeding 2.4 billion yuan, demonstrating its impact on alleviating financial burdens from medical expenses for numerous families [6] Group 5: Community Engagement - The company actively engages in community activities, such as charity concerts and fraud prevention campaigns, to enhance public awareness of insurance and financial literacy [8] - Looking ahead, the company aims to further refine the "Huibao" project to better meet the health and welfare needs of Shanghai residents, contributing to a more comprehensive multi-tiered medical insurance system [8]

Core Viewpoint - The Shanghai Financial Regulatory Bureau is leading the 2025 Shanghai Financial Education Promotion Week to enhance public awareness and understanding of financial rights and safety, aligning with national policies and focusing on people's well-being [1][2]. Group 1: Event Overview - The launch ceremony for the 2025 Shanghai Financial Education Promotion Week took place on September 15, 2025, with participation from over 100 financial institutions and citizens, emphasizing the theme "Protecting Financial Rights, Supporting a Better Life" [2]. - The event featured various activities, including financial knowledge presentations, educational performances, and a financial knowledge market with over 30 financial institutions engaging the public through interactive games and displays [3]. Group 2: Risk Awareness and Education - During the financial education week, a "Risk Awareness Delivery" initiative was implemented, aiming to disseminate financial knowledge and fraud prevention tips to every household in Shanghai through diverse channels and formats [4]. - Activities included financial knowledge markets in parks, community lectures on fraud prevention, online quizzes, and risk awareness videos in public spaces, integrating financial education with local culture and daily life [4]. Group 3: Consumer Protection Initiatives - The Shanghai Financial Regulatory Bureau has been focusing on consumer protection by establishing a regular mechanism for financial services that benefit the public, addressing issues such as improper sales practices and enhancing services for the elderly [5]. - Initiatives include the cleanup of "sleeping policies" and "dormant accounts," as well as the introduction of tailored financial products like "Huibao" and "Hujia" to promote inclusive finance [5]. Group 4: Dispute Resolution Mechanisms - The Shanghai Banking and Insurance Dispute Mediation Center has seen a significant increase in cases, handling 32,857 disputes in the first half of 2025, a 102.38% year-on-year increase, and successfully mediating 22,069 cases [6]. - A new structure with one center and ten branches has been established to facilitate efficient consumer dispute resolution, with a total of 7,770 cases processed since the branch's inception [7].

Core Viewpoint - The Shanghai Financial Regulatory Bureau is enhancing financial consumer protection and dispute resolution mechanisms, aiming to improve service capabilities and safeguard consumer rights in the financial sector [1][2]. Group 1: Dispute Resolution Mechanisms - The Shanghai Banking and Insurance Dispute Mediation Center handled 32,857 cases in the first half of 2025, a year-on-year increase of 102.38%, and completed 22,069 mediations [2]. - A new structure comprising one center and ten branches was established to provide efficient consumer protection, with 7,770 cases accepted since the branch's inception, involving a total amount of 410 million yuan [2]. - The center is exploring a "one point, one room, one mechanism" approach to enhance financial dispute resolution, with local courts collaborating to improve mediation services [2][3]. Group 2: Consumer Rights Protection Initiatives - The Shanghai Financial Regulatory Bureau is focusing on source governance by addressing irregularities in the sale of financial products and improving risk management in internet consumer loans [2]. - Financial institutions are being guided to enhance services for the elderly, including the evaluation of bank branches for age-friendly services and the construction of barrier-free environments [3]. - Initiatives such as the "sleeping policy" cleanup and reminders for dormant bank accounts are being implemented, alongside the promotion of inclusive credit and insurance products tailored for the local market [3].

Core Viewpoint - The Shanghai Financial Education Promotion Week 2025 has been launched, emphasizing high-quality financial services and the establishment of a "Shanghai model" for financial consumer protection to enhance the financial business environment in Shanghai [1] Group 1: Financial Consumer Protection - The Shanghai Financial Regulatory Bureau aims to build a comprehensive financial consumer protection framework, entering a phase of regular governance [1] - In the first half of 2025, the Shanghai Banking and Insurance Dispute Mediation Center handled 32,857 cases, a year-on-year increase of 102.38%, and completed mediation for 22,069 cases [1] - Since the establishment of the mediation sub-stations, a total of 7,770 disputes have been accepted, involving an amount of 410 million yuan [1] Group 2: Financial Education Initiatives - During the Financial Education Promotion Week, financial institutions in Shanghai will conduct activities to deliver financial knowledge and fraud prevention tips to households, ensuring coverage across all streets and towns [2] - Initiatives include outreach to schools, businesses, shopping districts, communities, and rural areas, as well as setting up financial knowledge markets in public parks [2] Group 3: Focus Areas for Improvement - The regulatory body is focusing on source governance by addressing irregularities in the agency sales business and guiding financial institutions to conduct thorough identity verification for borrowers [3] - There is an emphasis on improving financial services for the elderly, including the evaluation of bank branches for elderly-friendly services and enhancing accessibility [3] - The implementation of the "Financing Smooth Project" aims to improve and expand inclusive credit, alongside the introduction of city-customized inclusive insurance products [3]

Core Viewpoint - China Pacific Insurance (CPIC) is actively promoting the integration of multi-level medical insurance and commercial health insurance, showcasing its commitment to building a comprehensive health service ecosystem during the 2025 Capital International Medical Conference [2][4]. Group 1: Forum and Collaboration - The multi-level medical insurance and commercial health insurance integration forum was co-hosted by CPIC, focusing on healthcare reform and innovative insurance solutions, gathering policymakers, hospital managers, and industry leaders [2][4]. - The forum discussed key topics such as DRG/DIP payment reform, innovative drug and device coverage, and the collaboration between medical care and health management [2][4]. Group 2: New Service Brand Launch - CPIC launched the "Taibao Service Medical·Insurance Square" brand, providing comprehensive healthcare solutions, emphasizing the roles of payer, provider, and connector in the healthcare ecosystem [4]. - The brand aims to integrate insurance payment, health services, and ecological collaboration, promoting a seamless connection between commercial insurance and public medical insurance [4]. Group 3: Innovative Insurance Models - CPIC is committed to enhancing the accessibility and sustainability of innovative drug and device coverage, exemplified by the "Huhui Bao" project, which has insured over 33 million people and paid out over 2.4 billion yuan [6]. - The company aims to deepen its innovative model of "payment + service + connection" and collaborate with global partners to build a more comprehensive health service ecosystem [6].

Group 1 - The article discusses the significant changes in the global landscape, emphasizing the transition from an old order to a new order, particularly in the context of China's rise and the ongoing global transformation [1][2] - It highlights the three key areas of modern great power competition: energy, technology, and finance, with a focus on how China has developed unique innovative paths in these sectors [2][3] - The insurance industry is positioned as a crucial component of China's modernization, serving both market functions and social governance roles [2][3] Group 2 - The insurance industry in China has evolved from a "student" learning from Western models to a "teacher" capable of offering unique solutions, with significant growth from 1 insurance company in 1980 to 146 by 2010 [3][4] - The article points out the challenges faced by the industry, including reliance on interest rate spreads and the adoption of Western insurance models that do not align with local realities [5][6] - It emphasizes the need for a new path for the insurance industry, focusing on policy adjustments and innovative product offerings that cater to local needs [7][8] Group 3 - Recent innovations in the insurance sector, such as the introduction of products like the "return shipping fee insurance" and "Shanghai Health Insurance," demonstrate China's ability to create original solutions without relying on Western experiences [8][9] - The article argues that the essence of insurance should return to its core mission of providing risk protection and creating social value, moving away from a purely profit-driven model [10][11] - It highlights the shift from traditional compensation models to comprehensive service-oriented approaches, where insurance companies play a role in risk prevention and management [12][13] Group 4 - The narrative of China's rise is framed within the context of historical transitions, showcasing the shift from manufacturing to innovation and leadership in various sectors, including insurance [14] - The article concludes that the transformation of the insurance industry reflects a broader change in development philosophy, emphasizing a people-centered approach and the importance of social responsibility [14][15]

Core Viewpoint - China Pacific Insurance (Group) Co., Ltd. has made significant progress in implementing its 2025 "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, focusing on high-quality development and enhancing operational efficiency [1][2][3]. Group 1: Business Performance and Development - The company has seen continuous improvement in its overall business performance, with a focus on core responsibilities leading to sustained growth in operating results [1]. - New business value in life insurance has grown rapidly, with a significant increase in the proportion of floating income products and over 50% of individual insurance channel products being dividend insurance [1][2]. - The property insurance segment has prioritized profitability, achieving improvements in comprehensive cost ratios and both underwriting profits and investment returns [1][2]. - Health insurance has innovated in product offerings, particularly in commercial health insurance, and has experienced rapid growth in online business [1][2]. Group 2: Innovation and Technology - The company has developed a dedicated risk assessment model for cybersecurity insurance and created a risk map for the biopharmaceutical industry, enhancing its service offerings [3]. - The implementation of AI technologies in core business areas such as sales and claims management has been initiated, with the launch of intelligent claims assistants [3]. Group 3: Governance and Compliance - The company is reforming its supervisory board to enhance governance efficiency and decision-making processes, with a focus on sustainable development [4][5]. - A new intelligent risk control system is being developed to cover major strategic and business risks, improving compliance and risk management capabilities [5]. Group 4: Investor Relations and Market Value Management - The company has established a long-term dividend policy linked to operational profit growth, with a planned cash dividend distribution of RMB 1.08 per share for 2024 [6]. - Efforts to enhance transparency and information disclosure have been intensified, with nearly a hundred reports and disclosures made in the first half of the year [6][7]. - The company has engaged in various investor communication activities to strengthen relationships and protect investor rights, ensuring fair treatment for all investors [7].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 中國太平洋保險（集團）股份有限公司 CHINA PACIFIC INSURANCE (GROUP) CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02601） 海外監管公告 本 公 告 乃 依 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.10B條的披 露 義 務 而 作 出。 茲 載 列 該 公 告 如 下，僅 供 參 考。 承董事會命 中 國 太 平 洋 保 險（集 團）股 份 有 限 公 司 傅 帆 董事長 香 港，2025年8月29日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 傅 帆 先 生 和 趙 永 剛 先 生；非 執 行 董 事 為 黃 迪 南 先 生、王 他 竽 先 生、陳 然 先 生、周 東 輝 先 生、路 巧 玲 女 士 和John Rob ...