在监管层持续鼓励长期资金入市的背景下，继2023年10月中国人寿和新华保险成为首批险资长期投资试点机构 后， 2025年，险资长期投资试点持续扩容，第二批试点机构已增至8家，而规模达600亿元的第三批试点机构也在 陆续获批中。 长期投资试点不断扩容 备案信息显示，泰康稳行成立于今年4月21日，于2025年5月26日完成私募证券投资基金管理人备案登记。公司注 册于武汉，办公地在北京，注册资本为1000万元，由泰康资产全资控股。 泰康资产作为泰康保险集团旗下资产管理子公司，截至2024年末，管理资产总规模超4.2万亿元，其中受托管理的 第三方资产总规模超2.5万亿元。 高管团队方面，泰康稳行法定代表人、执行董事王琦此前是泰康资产权益投资部股票投资执行总监。总经理刘志 强此前是泰康资产权益投资部投资经理。二人均具有20多年金融从业经历。在加入泰康资产之前，王琦曾先后供 职于大通证券、中关村证券、中信建投证券及中信建投基金等机构。刘志强则曾任职于平安保险和嘉实基金等机 构，其自2008年7月加入泰康资产至今已有17年。 "设立泰康稳行管理该试点基金，旨在响应保险资金长期投资改革试点，进一步增加符合保险资金投资策略的长 ...

险资长期投资试点扩围 中小险企将入场 据了解，第三批保险资金长期投资试点机构正陆续获批。与前两批试点多为大型险企不同，第三批试点参与机构将新 增多家中小保险公司。参与试点的险资机构在数量和类型上实现新突破的同时，在参与模式上也有所创新。 创新高！险资一季度加仓股票约3900亿元 财经网×企业预警通App 监管发文要求资管产品收益"算得清" 机构信息披露如何更透明 5月23日，金融监管总局发布了《银行保险机构资产管理产品信息披露管理办法（征求意见稿）》。《征求意见稿》 按照资产管理产品生命周期，对募集、存续、终止各环节进行全面规范，旨在引导行业将信息披露融入业务全过程， 让产品销售"看得清"、让产品风险"厘得清"、让产品收益"算得清"。 ◆行业关注 人身险预定利率最快三季度下调 随着新一期贷款市场报价利率（LPR）和银行存款利率的接连下调，业内对于人身险预定利率研究值下调的预期也逐 渐升温。根据动态调整机制，预定利率调降最快或于三季度落地。 ◆企业动态 安诚保险18.77%股权拟无偿划转给重庆发展投资有限公司 安诚保险公告显示，重庆渝富控股集团有限公司拟将其持有的18.77%股权无偿划转给重庆发展投资有限公司。 ...

中国资管业规模已达163万亿元 近日，由中信金控财富委资产管理工作室出品的《国内资产管理行业报告（2025年一季度）》正式发布。资管新规后，我国资产管理行业平稳发展，各类 金融机构共同参与、优势互补、良性竞争，目前已形成了涵盖银行理财、公募基金、保险资管、信托行业、券商资管、私募机构等多条子赛道的"大资 管"行业版图。 截至2024年末，全国资产管理总规模（AUM）已达到163.16万亿元，展现出巨大的市场潜力和韧性。其中，银行理财产品29.95万亿元，公募基金产品 32.83万亿元，基金公司管理的养老金5.94万亿元，证券期货经营机构私募资产管理业务12.18万亿元，私募基金19.91万亿元，信托公司信托资产规模27.00 万亿元（注：信托资产规模截至2024年中），保险资金运用余额33.26万亿元，资产支持专项计划2.07万亿元。 报告显示，不同类型的资管机构呈现出差异化的发展路径。 银行理财公司作为一支重要力量，其数量和管理的规模都显著增长。截至2025年一季度，银 行理财整体呈现良好发展态势。全市场存续产品4.06万只，规模29.14万亿元。数量相比去年末增长0.74%，规模相比去年末微跌1.22%。 ...

Investment Rating - The investment rating for the company is "Buy" (首次) [5] Core Views - The company's 2025 life insurance NBV shows resilience, and the dividend policy is positive [5] - In Q1 2025, the company's OPAT and NBV performance was strong, with a 2.4% year-on-year growth in OPAT to 37.9 billion yuan, despite a decline in group revenue and net profit [6] - The life insurance business remains a core pillar, contributing 71.7% of net profit and 70.9% of OPAT in Q1 2025 [7] Summary by Sections Market Performance - The closing price on May 29, 2025, was 53.52 yuan, with a total market capitalization of 974,611.76 million yuan [3] Financial Performance - In Q1 2025, the group revenue and net profit decreased by 5.2% and 26.4% year-on-year, respectively, to 232.8 billion yuan and 27 billion yuan [6] - The life insurance business achieved a 34.9% growth in NBV, contributing to a 5% OPAT growth [6][7] Business Outlook - The life insurance capacity may face pressure in 2025, requiring strategic products to support sales [7] - The company expects to see rapid growth in its bancassurance market share, with a 171% year-on-year increase in NBV in Q1 2025 [7] - The NBV margin improved by 11.4 percentage points year-on-year to 28.3% in Q1 2025, indicating potential for further margin enhancement [7] Dividend Policy - The company maintains a positive dividend policy, with a commitment to increasing the absolute value of cash dividends annually [10] - The current dividend yield for A-shares and H-shares is 4.76% and 6.00%, respectively [10] Earnings Forecast - The forecasted net profit for 2025 is 135.1 billion yuan, with a year-on-year growth of 6.7% [11] - The projected earnings per share for 2025 is 7.42 yuan, with a P/E ratio of 7.2 [11]

小红书打卡引流，年轻化营销驱动品牌破圈 车展期间，平安产险上海分公司发起小红书"探展打卡赢好礼"活动，通过场景化内容输出与KOL联动， 吸引年轻用户参与展台打卡互动。通过小红书成功引流潜在客户，不仅精准覆盖80后、90后、00后汽车 消费主力，更为后续开展Z世代客群精准营销奠定数字化基础。 近期，平安产险上海分公司亮相上海国际车展，以"科技赋能·智享车生活"为主题，通过五大创新形式 精准触达车主，探索数字营销新路径，深化客户服务体验。 好车主激励，提升转化效能 依托平安好车主APP平台，推出"逛车展抽出行补贴"活动，客户通过扫码参与好车主的五一出游季活 动，获得空气净化器、香水精油、无线充气泵等惊喜礼品。活动期间累计触达用户1.2万人次。本次通 过构建交互游戏化的营销方式，不仅优化了客户旅程体验，也是平安产险上海分公司数字化客户经营的 又一次突破。 产业链上下游合作，生态化服务撬动增量 平安产险上海分公司与永达集团深度协作，针对意向购车客户定向发放"平安出行礼包"，从刚需服务场 景出发，通过打车券、加油券、充电券助力提升购车意向客户转化，凸显生态合作价值。 携手汽车之家，深化品牌势能 车展期间邀请多位经销商合 ...

Core Viewpoint - China Ping An celebrates its 37th anniversary, aiming to become an internationally leading "comprehensive finance + medical and elderly care" service group by 2025, with a strong focus on pension finance since the establishment of Ping An Pension Insurance in 2004 [2][3] Group 1: Company Development - Ping An Pension Insurance has been a key player in China's pension finance sector, becoming the first professional pension insurance company in the country and actively participating in the national pension strategy [3] - The company has established 35 branches nationwide and has served 4.55 million group clients, providing diverse pension financial services to 45.4 thousand group clients and 83.07 million individual clients [3] - As of the end of Q1 2025, the company reported a registered capital of 11.6 billion yuan, total assets of 89.6 billion yuan, and net assets of 20.9 billion yuan, with solvency ratios significantly exceeding regulatory requirements [4] Group 2: Industry Context - China is entering a deep aging society, with 310 million people aged 60 and above by the end of 2024, highlighting the growing importance of pension security [6] - The pension industry in China is projected to reach a market size of over 20 trillion yuan by 2027, becoming a significant driver of domestic demand and investment [6] Group 3: Green Finance Initiatives - Ping An Pension Insurance is committed to sustainable development, with its 2024 Green Finance Report indicating 166,000 group insurance policies and premium income of 1.27 billion yuan from green industry insurance [5] - The company has actively engaged in green investment and product innovation, contributing to the green transformation of the economy [5] Group 4: Investment Management - The company emphasizes a "beneficiary-centered" approach in annuity management, focusing on professional, sustainable, and stable investment strategies [7] - Ping An Pension Insurance has built a strong investment management team, achieving top-tier performance in long-term investment returns and managing a significant scale of annuity assets [7] Group 5: Product Innovation - The company has developed various commercial pension insurance products to address risks such as interest rate and longevity risks, offering flexible payout mechanisms [8] - Future plans include integrating pension insurance products with health management and elderly care services to provide comprehensive solutions for clients [8]

日前，科技部等7部门印发的《加快构建科技金融体制 有力支撑高水平科技自立自强的若干政策举措》提到，要推动科技保险产品和服务创新。 数据显示，2024年，保险业提供科技保险保障约9万亿元，投资科技企业超过6000亿元。科技保险在关键核心技术攻关和未来产业培育发展方面发挥 着"减震器"和"稳定器"作用。 科技部等7部门印发的政策举措提出，要健全覆盖科技型企业全生命周期的保险产品和服务体系。当前，一些地方围绕服务科技企业，正在积极创新金 融服务。 0:00 / 1:45 针对科技企业普遍存在的这一现象，日前在当地金融监管部门和工信部门指导下，保险和银行合作，创新推出了"研发保+研发贷"金融服务。 中国平安财产保险股份有限公司西安科技支公司负责人 张玮：保险主要针对因经营困难、人才流失、设备故障导致的研发中断的企业提供风险保障。 另一方面，银行依据保险覆盖率动态核定授信额度，同步启用针对科技企业的研发贷款。 陕西这家人工智能领域的专精特新企业，正在研究通过数据采集、智慧管控和AI识别，最终实现电力线路、场站安全、生产状况巡检的全场景智慧化 管控。目前，项目进入了关键时期，却遇到了资金短缺、成果转化风险大两大难题。 西 ...

2024年，平安产险上海分公司牵头上海七家保险公司，共同研发设计小微企业及个体工商户专属产 品"沪业保"，推动全国首个"保险行业共享+监管政府共管共治"的数字化平台搭建。 南方财经全媒体记者 孙诗卉 上海报道 随着上海地区普惠金融实践的日益深入，作为普惠金融的重要构成部分，普惠保险近年来也获得了快速 发展，从"沪惠保"、"沪儿保"、"沪补保"、"沪理保"等普惠型健康保险，到"沪家保"、"沪业保"、"沪骑 保"等普惠型财产保险，普惠金融保险产品货架日益丰富，获益人群也从老年人、新市民等特定群体向 更广范围、更宽领域拓展。 5月28日，中国平安通过"数字人"形式重磅发布了"科创保"、"沪业保"升级版等普惠金融保险创新产 品，进一步丰富普惠金融保险产品货架。 事实上，21世纪经济报道记者此前曾在"创新推动普惠金融扩面提质 上海保险业积极服务民生保障"新 闻通气会上获悉，"沪业保"将推进数字化进程，探索建设全国首个行业共享+政府监管的小微企业普惠 保险数字平台，按照"分批推进，形成系列"模式，持续打造行业版方案。并已完成零售业专属方案的设 计，近期即将上线推广。 据了解，此次正式发布的升级版"沪业保"推出个体工商户版 ...

Core Insights - The article highlights Ping An Insurance's Mother's Needlework public welfare program, which integrates traditional crafts into sustainable fashion while empowering ethnic minority women to generate income [1][3][5] Group 1: Program Overview - The Mother's Needlework program was launched in 2020 to empower ethnic minority women, helping them preserve traditional techniques and improve their incomes through innovative design and market access [3][4] - The program has expanded to 10 provinces and regions in China, benefiting over 100 women and significantly improving the economic well-being of participating families [4] Group 2: Cultural Significance - Ethnic minority crafts are vital expressions of cultural heritage, but rapid modernization poses a threat to their survival [3] - The program showcases unique handicrafts, such as the Dulong Carpet, which is celebrated for its intricate craftsmanship and vibrant colors [2][3] Group 3: Sustainable Development - Ping An emphasizes that ethnic handicrafts are not only cultural treasures but also contribute to sustainable development and social inclusion [5] - The program promotes sustainable fashion by integrating recycled materials with traditional designs, supporting local women in creating eco-friendly textile products for both domestic and international markets [3][5] Group 4: International Collaboration - Through platforms like London Craft Week, Ping An aims to share the allure of China's intangible cultural heritage and invite collaboration from global designers and social organizations [5] - London Craft Week, established in 2015, serves as a premier global event fostering cross-cultural exchange and innovation in design, fashion, and crafts [6] Group 5: Company Background - Ping An Insurance is one of the largest financial services companies globally, with over RMB 12 trillion in total assets as of December 2024 [7] - The company ranked 29th in the Forbes Global 2000 list and 53rd in the Fortune Global 500 list in 2024 [7]

保险 队 中国人保 中国太保 中国平安 ■《》 3586.57亿市值 3334.41亿市值 9746.12亿市值 18.68亿成交额 5.80亿成交额 11.73亿成交额 53.52 8.11 34.66 +0.46(+1.35%) +0.23(+0.43%) -0.10(-1.22%) 酸酒行业 贵州茅台 五粮液 山西汾酒 19345.45亿市值 2290.85亿市值 4942.06亿市值 10.48亿成交额 20.36亿成交额 33.75亿成交额 1540.00 187.78 127.32 -0.22(-0.12%) +0.40(+0.32%) +3.00(+0.20%) 半导体 北方华创 寒武纪-U 2271.53亿市值 2558.59亿市值 15.27亿成交额 26.75亿成交额 425.24 612.90 +7.90(+1.89%) +2.91(+0.48%) 汽车整车 铁路公路 比亚迪 长城汽车 京沪高铁 2897.28亿市值 10974.98亿市值 1959.28亿市值 69.43亿成交额 3.62亿成交额 3.67亿成交额 5.90 22.89 361.13 -1.75(-0.48%) -0. ...