中国保险业_权益资本占用下降与偿付能力充足率改善推动中国保险公司发展-China Insurance Lower equity capital charge and improved solvency ratios propel Chinese insurers

Asia Pacific Equity Research 05 December 2025 (852) 2800-8517 mw.kim@jpmorgan.com J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Insurance Lower equity capital char ...