Xiao Yuanqi, Deputy Director of the China Financial Supervisory Authority, proposed in his speech at the Hong Kong Asian Insurance Forum 2025 that for any company, building a sustainable business model is always a major task that the board of directors and management must first face and regularly evaluate improvements. To supervise and evaluate an insurance company's business model, we must first look at the company's strategy. Strategy is about direction. The direction is wrong, and the business model is definitely unsustainable. Today, the external variables affecting global insurance operations are more diverse and more intense than ever before, and it is urgent to re-examine and revise the company's development strategy. Second, we need to look at the balance sheet. The focus is on the relative matching of assets and liabilities and the dynamic matching of costs and benefits. The two are related to liquidity and solvency.

Xiao Yuanqi, Deputy Director of the China Financial Supervisory Authority, proposed in his speech at the Hong Kong Asian Insurance Forum 2025 that for any company, building a sustainable business model is always a major task that the board of directors and management must first face and regularly evaluate improvements. To supervise and evaluate an insurance company's business model, we must first look at the company's strategy. Strategy is about direction. The direction is wrong, and the business model is definitely unsustainable. Today, the external variables affecting global insurance operations are more diverse and more intense than ever before, and it is urgent to re-examine and revise the company's development strategy. Second, we need to look at the balance sheet. The focus is on the relative matching of assets and liabilities and the dynamic matching of costs and benefits. The two are related to liquidity and solvency.