China Banking and Insurance Regulatory Commission

Ping An Bank's First Environmental Information Disclosure Report:Balance of Green Credits increased 204.6% YoY

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Friday, October 21, 2022

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Under the Group's sustainability guidance, Ping An Bank has integrated green finance into its long-term strategy and strengthened support for green, low-carbon and circular economies.

Key Points:

Under the Group's sustainability guidance, Ping An Bank has integrated green finance into its long-term strategy and strengthened support for green, low-carbon and circular economies.
The Bank manages environmental, social, and governance risks, and has improved its ESG performance to support the green transition of the economy and society.
Ping An Bank has prioritized support for 15 sub-industries in six sectors, including clean energy, environmental protection, transforming carbon-intensive industries, green transportation, green buildings, and green services.
As of December 31, 2021, the total balance of green finance business increased 199.6% year-on-year to RMB113.727 billion.

Ping An Bank's First Environmental Information Disclosure Report:Balance of Green Credits increased 204.6% YoY

Retrieved on:

Friday, October 21, 2022

Under the Group's sustainability guidance, Ping An Bank has integrated green finance into its long-term strategy and strengthened support for green, low-carbon and circular economies.

Key Points:

Under the Group's sustainability guidance, Ping An Bank has integrated green finance into its long-term strategy and strengthened support for green, low-carbon and circular economies.
The Bank manages environmental, social, and governance risks, and has improved its ESG performance to support the green transition of the economy and society.
Ping An Bank has prioritized support for 15 sub-industries in six sectors, including clean energy, environmental protection, transforming carbon-intensive industries, green transportation, green buildings, and green services.
As of December 31, 2021, the total balance of green finance business increased 199.6% year-on-year to RMB113.727 billion.

ETAO International Group Announces Its Digital Insurance Business Aaliance Insurance Joins Hands With Alibaba and Tencent to Expand Into the City-Wide Healthcare Insurance Market

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Monday, September 26, 2022

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- ETAO International Group ("ETAO") announces its digital insurance business Aaliance Insurance joins hands with Alibaba and Tencent to expand into the city-wide healthcare insurance market.

Key Points:

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- ETAO International Group ("ETAO") announces its digital insurance business Aaliance Insurance joins hands with Alibaba and Tencent to expand into the city-wide healthcare insurance market.
This is a great news for ETAO International Group on the eve of its public listing on the NYSE.
Wilson Liu, Chairman and CEO of ETAO International Group said, "We are thrilled about ETAO's partnership with Ant Insurance and Tencent Weibao.
With the support of the two Internet, E-Commerce and technology giants Alibaba and Tencent, ETAO would scale up the city-wide healthcare insurance service to China's national market quickly.

Fosun: Foreign Media Reports about "Regulatory Authorities Asking Banks to Examine their Exposure to Fosun" are Completely False

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Wednesday, September 14, 2022

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HONG KONG, Sept. 14, 2022 /PRNewswire/ -- In response to foreign media reports about "Chinese regulatory authorities asking banks and some of the state-owned companies to examine their exposure to Fosun" on 13 September, Fosun said such reports are completely false.

Key Points:

HONG KONG, Sept. 14, 2022 /PRNewswire/ -- In response to foreign media reports about "Chinese regulatory authorities asking banks and some of the state-owned companies to examine their exposure to Fosun" on 13 September, Fosun said such reports are completely false.
It is understood that Fosun has sought confirmation from regulatory authorities through multiple channels.
The China Banking and Insurance Regulatory Commission (CBIRC) has not asked commercial banks to check about their financial exposure on Fosun, and many commercial banks that cooperate with Fosun have never received relevant notices.
According to the interim results announced on 30 August, Fosun's four major business segments of Health, Happiness, Wealth, and Intelligent Manufacturing demonstrated resilience.

CHINA LIFE INSURANCE COMPANY LIMITED ANNOUNCES 2022 INTERIM RESULTS (H SHARES)

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Thursday, August 25, 2022

HONG KONG, Aug. 25, 2022 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2022 (the "Reporting Period") prepared under the International Financial Reporting Standards today.

Key Points:

HONG KONG, Aug. 25, 2022 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2022 (the "Reporting Period") prepared under the International Financial Reporting Standards today.
China Life Insurance Company Limited is a life insurance company established in Beijing, China on 30 June 2003 according to the "Company Law of the People's Republic of China" and the "Insurance Law of the People's Republic of China".
The Company is one of the largest institutional investors in China, and becomes one of the largest insurance asset management companies in China through its controlling shareholding in China Life Asset Management Company Limited.
The Company is a leading provider of individual and group life insurance, annuity products and accident and health insurance in China.

Waterdrop Insurance Marketplace Opens Its First Agency Outlet in Wuhan

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Wednesday, August 17, 2022

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BEIJING, Aug. 17, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently opened its first agency outlet in Wuhan.

Key Points:

BEIJING, Aug. 17, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently opened its first agency outlet in Wuhan.
Over the past few years, Waterdrop Insurance Marketplace has kept exploring the new path that combines online and offline presence.
Li Jia, Waterdrop Vice President in Insurance, said, "the Wuhan agency outlet is one of the first pilot outlets set up by Waterdrop; after the sustainable operation capability is proven, Waterdrop will expand the model into more cities and communities."
Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology.

X Financial Reports Second Quarter 2022 Unaudited Financial Results

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Monday, August 8, 2022

SHENZHEN, China, Aug. 8, 2022 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.

Key Points:

SHENZHEN, China, Aug. 8, 2022 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Income from operations in the second quarter of 2022 was RMB193.8 million (US$28.9 million), compared with RMB337.7 million in the same period of 2021.
Net income in the second quarter of 2022 was RMB185.7 million (US$27.7 million), compared with RMB223.4 million in the same period of 2021.
Net income for the second quarter of 2022 improved to RMB185.7 million from RMB139.9 million in the previous quarter, and Non-GAAP adjusted net income for the second quarter of 2022 was RMB210.7 million, representing an increase of 36.9% quarter-over-quarter.

China Life Insurance Company Limited - Change of President

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Tuesday, August 2, 2022

View original content:https://www.prnewswire.com/news-releases/china-life-insurance-company-li...

Key Points:

The Company would like to express its gratitude to Mr. Su Hengxuan for his contribution to the Company during his tenure of service.
The biographical details of Mr. Zhao Peng are set out below:
Mr. Zhao Peng, born in April 1972, is a member of the Party Committee of China Life Insurance (Group) Company ("CLIC") and the Secretary to the Party Committee of the Company.
From 2017 to 2020, he successively served as an Assistant to the President and a Vice President of the Company, the Chief Financial Officer of CLIC and an Executive Director of the Company.
From 2019 to 2021, he also served as a Non-executive Director of Sino-Ocean Group Holding Limited and a Director of China Life Franklin Asset Management Company Limited.

Waterdrop Launches Industry's First Customized Critical Illness Insurance Product with Waiver on Health Declarations

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Thursday, July 21, 2022

Today, we are pleased to jointly launch the 'Waterdrop Blue Ocean' with CIC and Yong An, a series of cost-effective customized critical illness product with a waiver on health declarations, dedicated to customers with pre-existing medical conditions."

Key Points:

Today, we are pleased to jointly launch the 'Waterdrop Blue Ocean' with CIC and Yong An, a series of cost-effective customized critical illness product with a waiver on health declarations, dedicated to customers with pre-existing medical conditions."
'Waterdrop Blue Ocean' has waived the health declaration of customers, allowing them to enjoy a more convenient and intelligent insurance service."
In regards to insurance claims, the criteria of the "Waterdrop Blue Ocean" series are in line with those of other critical illness products that require health declarations and the claim process remains as efficient as other critical illness products.
Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology.

Digital-Led and Innovation-Driven Digital Finance Forum of the Global Digital Economy Conference 2022 to Be Held on July 30

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Tuesday, July 19, 2022

BEIJING, July 19, 2022 /PRNewswire/ -- The Global Digital Economy Conference (hereinafter referred to as GDEC) 2022, focusing on the new trends and hot issues of digital economy, will be held on July 28-30, 2022. It is hosted by People's Government of Beijing Municipality, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Commerce, Cyberspace Administration of China and China Association for Science and Technology.

Key Points:

BEIJING, July 19, 2022 /PRNewswire/ -- The Global Digital Economy Conference (hereinafter referred to as GDEC) 2022, focusing on the new trends and hot issues of digital economy, will be held on July 28-30, 2022.
The digital economy has become a new economic feature following the agricultural economy and the industrial economy.
At the beginning of 2022, the magazine Qiushi published an important article, Building up the Strength, Quality, and Size of China's Digital Economy.
This forum centers on new trends in the development of the global financial industry and aims to promote the integration of finance and digital economy.