中国人寿亦披露：2025年上半年，实现净投资收益960.67亿元，净投资收益率为2.78% ；实现总投资收益1275.06亿元，总投资收益率为3.29%。 A股正在加速上行：指数震荡向上，市场热度加速回归。 在台前的喧嚣背后，真正埋伏已久的"操盘手"早已提前出手，而在上半年"埋伏已久"。 中国人寿最新中报显示，2025年半年度营业收入2392.35亿元，同比增长2.1%；归属于上市公司股东的净利润为409.31亿元，同比增长6.9%。 最为关键的是，此份中报披露这家险资巨无霸往股市里"砸"下超过千亿元。 冰冷的报表数字换算成真金白银，就是一股正在暗暗改写市场格局的洪流。 资事堂从中国人寿的半年报里，抽丝剥茧，看清险资巨无霸如何搅动股市江湖。 "增仓"超1500元 如果只看这家险资的资产负债表，很多投资者可能不会有直观感受。但把里面隐藏的数据换算成"真金白银"，画面就立体起来了。 资事堂注意到：截至2025年6月30日，中国人寿的投资资产总规模为7.13万亿元人民币。其中，最受关注的权益类金融资产，短短半年内从1.269万 亿元增加到1.426万亿元，净增约1570亿元人民币。（如下图） 考虑到险资巨头随时可以 ...

Core Insights - In 2024, Chongqing Trust reported a total revenue of 500 million yuan, with a total profit of 258 million yuan and a net profit of 204 million yuan, of which 208 million yuan was attributable to the parent company [1] - The company is transitioning from a non-standard financing model to a diversified business model focused on asset services, asset management, and public welfare [1] Business Strategy - Chongqing Trust implemented a new strategy called "Fixed Income + Investment + Non-standard + Asset Management," focusing on innovative areas such as bankruptcy reorganization, QDII business, and green finance [1] - The company successfully engaged in bankruptcy reorganization, winning investment shares in 35 companies, including New Light Holdings, and established a reorganization service trust with a scale of 53.9 billion yuan [1] - Notable investment returns were achieved in the reorganization projects of Taihai Nuclear Power and Aorede, with investment yields of 28.57% and 90.12% respectively [1] Equity Investment - Chongqing Trust has expanded its equity investment offerings, including TOF, direct stock investments, and family service trust products, launching the first family service trust "Jufu No. 2" [2] - The company has collaborated with consumer finance companies to develop ABS business, with a cumulative scale reaching 9 billion yuan [2] Risk Management - In response to the real estate sector's risks, Chongqing Trust has implemented comprehensive risk management strategies, successfully mitigating over 7 billion yuan in risks since 2023 [2] - The company employs various methods for debt collection, including online communication, written reminders, and negotiations with local governments to ensure property sales and debt recovery [2] - Chongqing Trust actively seeks support from courts and local governments, utilizing legal measures such as freezing and auctioning to protect the rights of trustees [2]