CPIC expects its subsidiary's solvency to remain sufficient

The chairman of CPIC (02601.HK), Fu Fan, stated that China has entered an era of low interest rates, and the traditional profit model relying on interest spreads has undergone significant changes. Industry competition is shifting from incremental dividends to stock game, and the transformation towards high-quality development is becoming increasingly urgent.

CPIC's vice president, chief investment officer, and financial officer, Su Gang, indicated that the new round of domestic insurance transition policies has not yet been clarified. Due to the enhancement of the company's own profitability and the continuous optimization of asset-liability matching management, CPIC's solvency remained sufficient at the end of last year. Even without considering the transition policies this year, the group will still significantly exceed regulatory requirements and will be at a mid-to-upper level among peers.

He expects that the solvency of its major insurance subsidiaries will continue to remain sufficient, effectively responding to uncertainties in external interest rates and capital markets