Core Viewpoint - The insurance industry is positioned as a "social stabilizer" and "economic shock absorber" in the context of the 14th Five-Year Plan, with specific goals outlined in the 2025 Government Work Report, emphasizing the importance of various insurance sectors such as export credit insurance, basic medical insurance, third-pillar pension insurance, and long-term care insurance [1][14]. Group 1: Capital Market and Investment - The report emphasizes the need to "vigorously promote the entry of medium- and long-term funds into the market," which is expected to improve the supply and structure of capital market funds, fostering a virtuous cycle of capital preservation and appreciation, stable capital market operation, and high-quality development of the real economy [2][4]. - The Human Insurance Asset Management believes that the large scale, long cycle, and stable source of insurance funds can be leveraged for value investment, aiming for long-term stable returns [2]. - The report indicates that public funds are expected to increase their holdings of A-shares by at least 10% annually over the next three years, with state-owned insurance companies targeting 30% of new premiums for A-share investments starting in 2025 [2][3]. Group 2: Pension and Long-Term Care Insurance - The report calls for accelerating the development of the third-pillar pension insurance and the establishment of a long-term care insurance system, reflecting the urgent need for improved pension security amid increasing aging populations [6][7]. - Experts suggest that the insurance industry should innovate pension products suitable for the current low-interest-rate environment and ensure the preservation and appreciation of pension assets [7][8]. - Recommendations include establishing a national framework for long-term care insurance to ensure fairness and sustainability, as well as clarifying its functions and payment methods [8][9]. Group 3: Export Credit Insurance - The report highlights the need to expand the scale and coverage of export credit insurance, which is crucial for reducing risks in international trade and supporting the stability of foreign trade [11][12]. - Suggestions have been made to enhance the export credit insurance system in Hong Kong and Macau to better integrate these regions into the national economic framework [11]. Group 4: Financial Sector and Risk Management - The report mentions the importance of improving the financial sector's standards and systems, including technology finance, green finance, and inclusive finance, which are directly related to the insurance industry [13][15]. - The insurance sector is encouraged to play a significant role in risk reduction management and to support national strategic directions and industry development through its long-term capital advantages [13].