Owner & Wealth

08-28-2026 19:27:00 On 28 August, PICC published its 2026 semi-annual report, revealing that in the first half of this year, the company generated total operating revenue of CNY 355.115 billion (about US$52.85 billion), marking a 9.6% YoY growth. Additionally, the net profit attributable to the parent company's shareholders reached CNY 36.745 billion (around US$5.47 billion), representing a 38.5% increase compared to the same period last year.
08-27-2026 20:03:00 Multiple bank wealth management firms, such as ICBC Wealth, ABC Wealth, PSBC Wealth, and CIB Wealth, have reportedly announced that they will change the performance benchmarks for certain wealth management products. The benchmarks will shift from a numerical range format to a formula-based system tied to different market indicators, including bond indices, deposit rates, and stock indices.
08-27-2026 19:55:00 On 27 August, Yang Yucheng, Chairman of New China Life Insurance, announced at the 2026 interim results press conference that by the end of June, the company's investments in emerging productive sectors like integrated circuits, artificial intelligence, advanced manufacturing, and biomedicine had surpassed 220 billion yuan (approximately US$32.72 billion).
08-27-2026 19:50:00 On 27 August, China Life Insurance reported operating revenue of CNY 434.307 billion (about US$64.60 billion) for the first half of the year, marking an 81.5% increase compared to the same period last year. The net profit attributable to the parent company's shareholders reached CNY 134.489 billion (about US$20.01 billion), representing a 228.6% YoY growth. This strong performance was primarily driven by the company's ongoing efforts to strengthen asset-liability management, improve asset allocation, and secure favorable investment outcomes.
08-26-2026 18:17:00 CITIC Financial Holdings recently published the "Domestic Asset Management Industry Report (H1 2026)," which revealed that by 30 June, the total size of asset management industry in the Chinese Mainland had reached CNY 191.71 trillion (approximately US$28.53 trillion), marking a 3.89% increase compared to the end of 2025. Among these, mutual funds, insurance assets, and bank wealth management were the top three sectors, with sizes of CNY 39.67 trillion (21%), CNY 39.44 trillion (21%), and CNY 33.66 trillion (17%), respectively.
08-21-2026 18:33:00 On 21 August, China Investment Corporation (CIC), China's sovereign wealth fund, announced that Wei WU would take on the roles of vice chairman and general manager, replacing Haoling LIU, who was appointed vice chairman of the China Securities Regulatory Commission (CSRC) in April of this year.
08-14-2026 18:46:00 According to the National Financial Regulatory Administration (NFRA), mainland life insurance companies had invested a total of CNY 36.87 trillion (about US$5.47 trillion) in Q2 2026. Of this amount, bond investments made up the largest share at CNY 18.88 trillion, or 51.21%. This was followed by stock investments at CNY 3.86 trillion (10.47%), long-term equity investments at CNY 2.87 trillion (7.78%), bank deposits at CNY 2.62 trillion (7.11%), and fund investments at CNY 2.07 trillion (5.61%).
08-14-2026 18:33:00 The National Financial Regulatory Administration (NFRA) reported that by June 30, the total assets of mainland insurance companies and insurance asset management firms amounted to CNY 43.9 trillion (about US$6.51 trillion), marking a 6.2% growth since the start of the year. This includes property insurance companies with assets of CNY 3.4 trillion, up 8.4% over six months; life insurance companies holding CNY 38.7 trillion, increasing by 6.2% in six months; reinsurance companies with CNY 879 billion, rising 2.5% over six months; and insurance asset management companies at CNY 149.1 billion, growing 2.4% in six months.
08-13-2026 15:49:00 On 11 August, Unitree Technology, which is preparing for its A-share market listing, announced the preliminary allocation results for offline investors, showing that a total of 140,000 shares were allocated to 53 wealth management products from six bank wealth management companies, amounting to CNY 21.13 million (about US$3.13 million).
08-13-2026 15:26:00 On 11 Aug, Unitree Robotics, which is preparing for its A-share listing, announced the preliminary allocation results for offline investors, revealing that 37 Chinese insurance companies and insurance asset management firms were allocated a total of 6.8297 million shares, valued at nearly CNY 1.03 billion (about US$153 million).
08-11-2026 18:42:00 The Banking and Insurance Asset Management Association of China (BIAMAC) recently published the "BIAM Investment Confidence Index for Q3 2026", revealing that the macroeconomic confidence index and the fixed income investment confidence index for China's BIAM sector-which includes 32 bank wealth management firms, 39 insurance asset management firms, and 127 insurance companies/groups-stood at 53.74 and 50.02 respectively in Q3, both declining compared to the Q2. The only index to see an increase was the equity investment confidence index, which rose to 56.66 from 53.67 in Q2.
08-11-2026 18:12:00 On 11 August, the People's Insurance Company (Group) of China (PICC) named Jiong TAN, who previously served as president of China Development Bank, as an executive director and chairman of its fifth board session, subject to approval.
08-11-2026 17:08:00 By the end of 2025, there were reportedly 11 insurance asset management companies in the Chinese Mainland with AUM surpassing CNY 1 trillion (about US$148.2 billion). These firms include China Life Asset Management, Ping An Asset Management, Taikang Asset Management, CPIC Asset Management, PICC Asset Management, Xinhua Asset Management, Taiping Asset Management, Changjiang Pension, Huaxia Jiuying, Huatai Asset Management, and Dajia Asset Management.
08-11-2026 17:03:00 By the end of 2025, the 36 insurance asset management firms in the Chinese Mainland reportedly employed a total of 8,074 people, up 443 (5.81%) from the end of 2024.
08-11-2026 17:01:00 In 2025, the total revenue of 36 insurance asset management firms in the Chinese Mainland reportedly amounted to CNY 34.746 billion (US$5.15 billion), representing a YoY growth of 9.16%.
08-11-2026 16:58:00 By the end of 2025, the total AUM of 36 insurance asset management companies in the Chinese Mainland reportedly reached CNY 38.42 trillion (US$5.69 trillion), making a YoY increase of 15.38%. Of this amount, CNY 6.98 trillion was non-insurance capital, accounting for about 18.21%. This includes bank capital of CNY 3.48 trillion (9.07%), pension funds (comprising basic pension funds, enterprise annuities, and occupational annuities) totaling CNY 2.8 trillion (7.31%), and other capital amounting to CNY 0.7 trillion.
08-05-2026 10:49:00 As reported by China Banking Wealth Management Registration and Custody Co. Ltd. (CBWMRC), by 30 June, the total investment volume of Chinese bank wealth management products had reached CNY 36 trillion (US$5.33 trillion). Among these, mutual funds amounted to CNY 2.52 trillion, representing 7.0% of the total. This marked a record high, making mutual funds the fourth largest asset category within bank wealth management products, following bonds, cash and bank deposits, and interbank certificates of deposit.
08-03-2026 17:16:00 The NCSSF reported that in 2025, the local pension funds earned an investment income of CNY 142.071 billion (US$21 billion), achieving an investment return rate of 5.76%. Since December 2016, the total investment income has amounted to CNY 554.43 billion (US$82.1 billion), with an average annual return rate of 5.14%, exceeding the average guaranteed annual return rate of 2.63% by about 2.51 percentage points.
08-03-2026 17:10:00 According to the NCSSF, as of the end of 2025, the total investment size of the basic pension insurance fund in the Chinese Mainland had reached CNY 2.969 trillion (US$439.71 billion). This included CNY 838.11 billion in direct investments, making up 28.11%, and CNY 2.144 trillion in mandated investments, representing 71.89%.
08-03-2026 17:03:00 On 1 August, the National Council for Social Security Fund (NCSSF) reported that by 31 Dec 2025, the total AUM of the basic pension insurance fund in the Chinese Mainland had reached CNY 3.52 trillion (US$521.49 billion). This includes CNY 3.505 trillion in the local pension funds and CNY 16.513 billion in the risk funds. Meanwhile, the total liabilities stood at CNY 538.838 billion (US$79.81 billion), with CNY 536.077 billion attributed to the local pension funds and CNY 3.236 billion to the risk funds.
07-31-2026 15:10:00 As stated in the China Banking Wealth Management Market Semi-Annual Report (H1 2026), by 30 June, the outstanding balance of fixed-income products reached CNY 32.48 trillion (US$4.81 trillion), representing 96.49% of the total outstanding balance of all bank wealth management products. This marks a decline of 0.6% compared to the start of the year and a 0.71% decrease from the same period in 2025.
07-31-2026 15:07:00 The China Banking Wealth Management Market Semi-Annual Report (H1 2026) states that bank wealth management products yielded CNY 305.2 billion (US$45.18 billion) in returns for investors during the first half of 2026. The average annualized return was 2.05%, which is 0.07 percentage points higher than the 1.98% average return recorded for the entire year of 2025.
07-31-2026 15:03:00 The China Banking Wealth Management Market Semi-Annual Report (H1 2026) states that by 30 June, the total number of investors holding wealth management products had reached 151 million, marking a 5.59% increase since the start of the year. Of these, 149 million were individual investors, making up 98.61%, while institutional investors totaled 2.1 million, representing 1.39%.
07-31-2026 14:59:00 As stated in the China Banking Wealth Management Market Semi-Annual Report (H1 2026), by 30 June, the total size of banking wealth management in the Chinese Mainland had reached CNY 33.66 trillion (US$4.98 trillion), marking a 1.11% growth since the start of the year.
07-31-2026 14:45:00 On 31 July, Shenergy Property Insurance, headquartered in Shanghai, obtained authorization to utilize its insurance capital for overseas investment activities.

Events