Chinese Shou won many awards in the "2023 China Insurance Ark Award"

Recently, the results of the "2023 China Insurance Ark Award" sponsored by the "Securities Times" under People's Daily were announced in Shenzhen, and Chinese Shou won a number of awards.

PART 1 : 2023 HIGH-QUALITY DEVELOPMENT INSURANCE COMPANY ARK AWARD

Chinese Life Insurance Company has always adhered to high-quality development, actively responded to multiple challenges such as in-depth adjustment of the industry, and achieved good results in three aspects: "quantity, efficiency and quality". The company's operating income has been stable at more than 820 billion yuan for three consecutive years, and its total assets have increased for 15 consecutive years since 2007, with a scale of more than 5.2 trillion yuan; the company's intrinsic value has increased for 11 consecutive years since its share reform and listing, and the value of new businesses has continued to lead the industry; under the background of the substantial adjustment of the equity market in 2022, the company has achieved a total investment return of 3.94%, the solvency adequacy ratio has continued to maintain a high level, and maintained a Class A rating in the CBIRC's risk comprehensive rating for 20 consecutive quarters.

PART 2: 2023 INSURANCE INNOVATION ARK AWARD

Chinese Life Insurance Company is committed to scientific and technological innovation, actively responds to the call of the country, launches the insurance data capability improvement project based on the new digital base, takes the lead in the industry to realize the transformation and upgrading from the traditional architecture to the distributed architecture, and strengthens the company's data capacity building based on the new self-controlled distributed digital base. At the same time, guided by the first national standard in the field of data management in mainland China, the Data Management Capability Maturity Model (DCMM), it has built an enterprise-level data management system covering the whole region, deepened data governance, optimized institutional mechanisms, strengthened data integration, and deepened data application, becoming the first institution in the industry to be rated as the highest level (level 5) of DCMM, contributing national life wisdom to promoting the development of the digital economy.

PART 3: 2023 Ark Award for Outstanding Social Responsibility in the Insurance Industry

Chinese Life Insurance Company abides by the principle of "insurance surname insurance and insurance for the people", and gives full play to the role of the "national team" of financial central enterprises and the "main force" of high-quality development. The company's ESG practice has been widely recognized by the society, adhering to the ESG strategic concept of "people-oriented, caring for life, creating value and serving the society", and has built an ESG and social responsibility strategic model that includes the three dimensions of environment, society and governance, as well as the seven stakeholders of the country, society, industry, customers, enterprises, employees and the environment, and has embarked on a "China Life ESG Road" with Chinese characteristics and in line with international standards. It has obtained BBB rating in the international authoritative rating agency MSCI ESG rating, and is in the leading echelon of the domestic life insurance industry.

PART 4: 2023 HIGH-QUALITY DEVELOPMENT INSURANCE ASSET MANAGEMENT COMPANY ARK AWARD

Chinese Life Asset Management Company adheres to the general tone of steadiness and progress, strengthens the awareness of the overall situation and bottom-line thinking, actively responds to market changes, accelerates transformation and upgrading, and strives to complete the company's reform and development tasks. As of the end of the first half of 2023, the company's consolidated assets under management reached 5.2 trillion yuan, the investment scale of serving the real economy exceeded 3 trillion yuan, and the green investment scale exceeded 370 billion yuan, fully serving the overall situation of national development and fully demonstrating the leading role of Touyan. In IPE's "Top 500 Global Asset Management Institutions" list, it ranks first in China and 31st in the world, setting another important milestone in the company's 20-year high-quality development history.

PART 5: 2023 INSURANCE INDUSTRY INNOVATION ARK AWARD

Chinese Life Asset Management Company deeply analyzed the domestic and foreign financial technology situation, formulated a comprehensive digital transformation plan, accelerated the construction of the CLIMB (China Life Investment Management WorkBench) platform, entered a new stage of rapid development of data governance, continuously improved digital operation service capabilities, and fully empowered investment, market, operation, risk and administrative lines. The CLIMB platform applies cutting-edge technology to create an integrated investment management platform with unified data, unified processes and unified interfaces. The platform includes more than 60 subsystems and manages assets of more than 5 trillion yuan, making it one of the largest professional investment management platforms in China with assets under management, helping the company to build a leading and world-class asset management institution in China.

PART 6: 2023 GOLD MEDAL PENSION FINANCIAL PRODUCT ARK AWARD

Relying on its rich experience and professional advantages in the field of pension management, Chinese Life Pension Insurance Company took the lead in launching 5 commercial pension products in the industry, including 3 products of China Life Anxin Smart Target Date Series, China Life Anxin Enjoy Fixed Income Products and China Life Anxious Priority Liquidity Management Products. After the first batch of products were launched, the overall operation was stable, the income was good, and the product scale grew steadily, winning the recognition and favor of the majority of customers. As of the end of the first half of 2023, the company's commercial pension product management scale and the number of service customers ranked first in the industry.

PART 7: 2023 Growth Advantage Insurance Asset Management Company Ark Award

China Life Investment Company adheres to the principle of "serving the national strategy, serving the real economy, and serving the people's livelihood", giving full play to the core advantages of insurance funds in long-term investment, value investment and steady investment, and comprehensively deploying alternative investment segments. As of the end of 2022, the company has signed contracts of more than 680 billion yuan and managed assets of more than 430 billion yuan, becoming the first large-scale insurance asset management company focusing on alternative investment in China, and continues to lead the domestic alternative investment industry. In 2022, the total registered scale of equity investment plans, debt investment plans, asset-backed plans and private equity funds will exceed 110 billion yuan, ranking first in the industry.

PART 8: 2023 INSURANCE FUND SUPPORT ENTITY INNOVATION ARK AWARD

Adhering to the concept of investing in the future, investing in innovation and investing in value, China Life Equity Co., Ltd., a subsidiary of China Life Health Investment Company, gives full play to the professional advantages of insurance funds and the responsibility of central enterprises, serves the national strategy, supports the real economy, and demonstrates the role of China Life. Based on self-reliance and self-improvement in science and technology, the company focuses on core technologies, invests in a number of innovative high-tech enterprises that break the monopoly of foreign technology and products, and focuses on solving the "stuck neck" problem, and the invested enterprises are distributed in key areas and key links of medical and health and scientific and technological innovation industries, empowering a group of leading enterprises with voice and influence in industrial development, and striving to improve the security and competitiveness of the industrial chain and supply chain.

Chinese Shou will continue to deeply study, publicize and implement the spirit of the 20th National Congress of the Communist Party of China, focus on the original mission of serving the people's better life, adhere to the road of high-quality development, continuously enhance the responsibility of serving the "great of the country", and contribute to the comprehensive construction of a modern socialist country.

The "China Insurance Ark Award" has been held for eight consecutive years, and after years of deep cultivation, the "Ark Award" brand has been widely recognized by various industry organizations, rating agencies, investors and consumers, and has become one of the largest and most influential brand activities in the insurance industry.