According to the CITIC Securities Research Report, on September 10, 2026, the press conference of the State Information Office announced the official launch of the “15th Five-Year Plan for Building a Strong Financial Country”, which was interpreted by relevant officials from the four departments on the same stage. Financial supervision goes hand in hand with the three lines of “inventory liquidation+capital supplement+anti-internal filing”. The insurance industry's positioning has been upgraded, tasks have been refined, and the policy system is sound, forming the four-in-one “stable function, strong governance, expanding services, and attracting long-term money”. The industry is under pressure from short-term premiums, and the quality and efficiency of operations are expected to continue to improve. The competitive advantage of leading institutions is further highlighted, and the development logic is switched from “scale-driven” to “capital-return driven”. The sector is expected to further highlight dividend attributes in addition to the market beta attributes.

According to the CITIC Securities Research Report, on September 10, 2026, the press conference of the State Information Office announced the official launch of the “15th Five-Year Plan for Building a Strong Financial Country”, which was interpreted by relevant officials from the four departments on the same stage. Financial supervision goes hand in hand with the three lines of “inventory liquidation+capital supplement+anti-internal filing”. The insurance industry's positioning has been upgraded, tasks have been refined, and the policy system is sound, forming the four-in-one “stable function, strong governance, expanding services, and attracting long-term money”. The industry is under pressure from short-term premiums, and the quality and efficiency of operations are expected to continue to improve. The competitive advantage of leading institutions is further highlighted, and the development logic is switched from “scale-driven” to “capital-return driven”. The sector is expected to further highlight dividend attributes in addition to the market beta attributes.