Citic Securities: financial-power plan out; insurers' logic turns to capital-return driven
Dividend attribute further highlighted.
Decoding insurance regulation, carrier operations and product innovation.
Dividend attribute further highlighted.
24.7 billion issued, 68.5% of total.
Fee-parity reform covers both channels and product types.
Only Changsheng Life flashes red.
Product-supply structure optimised.
Agricultural-insurance depth to reach 1.9% by 2030.
Third-pillar build-out accelerates; long-term capital supply improves.
Claims-pressure eases; product supply returns to rationality.