July 1, 2022, is the 25th anniversary of Hong Kong's return to the motherland.. The world's freest economy, the world's largest offshore RMB business center, one of the core engines of the Guangdong-Hong Kong-Macao Greater Bay Area, and the world's leading livable city in average life expectancy... These are all Hong Kong under " one country, two systems" The SAR’s numerous medals. After 25 years of baptism, Pearl of the Orient still retains its blend of Chinese and Western style, and the charm of this vibrant city is even better than in the past. Hong Kong's destiny has always been closely linked to the motherland. As a central financial enterprise, China Life has the heart of being "the largest country in the country", giving full play to its comprehensive financial advantages and putting people first to help solve the immediate economic and livelihood issues of concern to Hong Kong citizens.
A long road is with you
With courage and enthusiasm
As an international financial center, Hong Kong has extremely competitive advantages and influence in the international financial community. It is an important window and bridge for China Life to connect the mainland and overseas markets. The Hong Kong River is surging, witnessing China Life’s feelings for home and country under the Lion Rock.
In 1984, China and the United Kingdom signed the Joint Declaration , confirming that the Chinese government would resume the exercise of sovereignty over Hong Kong in 1997. The Hong Kong branch of China Life Overseas Company was established in Hong Kong in the same year, starting the "Bauhinia Love " that has sincerely served Hong Kong to this day. During the transition period when Hong Kong returned to the motherland, China Life immediately took solid steps to promote Hong Kong's prosperity and stability, promote economic and trade exchanges between the two places, and ensure and improve social and people's livelihood.
In 1997, Hong Kong officially returned to the motherland. At this time, China Life was also developing rapidly and became the largest insurance company in China. In 2003, China Life Insurance Company was listed simultaneously in New York and Hong Kong, creating the world's largest IPO that year. While the company obtained development funds, it also injected new vitality into the Hong Kong financial market. Subsequently, China Life Insurance Company established a representative office in Hong Kong to continue to strengthen communication with the Hong Kong financial market. This also became the first overseas representative office established by a Chinese listed financial institution.
China Life Insurance Company was listed on the Hong Kong Stock Exchange
After returning to the motherland, Hong Kong has relied on the unique advantages of " relying on the motherland facing the world " and attracting people from all over the world with its openness, diversification, moderate supervision, and active trading. With funds from all over the world, the status of the international financial center continues to be consolidated. China Life established an asset management company in Hong Kong, fully utilized the Hong Kong capital market, launched overseas asset management business, and became a pioneer in the Chinese insurance industry's expansion of global asset management. This is the first Sino-foreign joint venture asset management company with an insurance background in Hong Kong. " Insurance Capital Overseas " provides long-term and stable financial support for Hong Kong's prosperity and development, further consolidating and enhancing Hong Kong's status as an international financial center.
Hong Kong is also an international banking center. More than three-quarters of the world's top 100 banks have branches in Hong Kong. China Guangfa Bank, a member unit of China Life Group, established a Hong Kong branch in 2020, becoming the only national joint-stock commercial bank to achieve full coverage of the Greater Bay Area "9+2" urban agglomeration. Since its opening, the branch has actively developed cross-border financial business and flexibly allocated assets and resources. As of the end of April 2022, the branch's total assets were approximately HK$222.9 billion, which has greatly improved the operational efficiency and service capabilities of China Life and China Guangfa Bank's cross-border financial services.
On December 29, 2021, employees of China Guangfa Bank Hong Kong Branch took photos at the Golden Bauhinia Square to celebrate the first anniversary of its opening.
are not afraid of the strong wind blowing away their love.
Love is always love in thousands of mountains and rivers
" Patriotism and love for Hong Kong, Self-improvement , Fighting for progress , flexible response "Hong Kong spirit" is the key to the brilliance of " Pearl of the Orient ", and is also the inexhaustible driving force for China Life to promote the company's high-quality development in Hong Kong.
The tide is surging in the Greater Bay Area, and the wind is strong enough to set sail.Taking the Guangdong-Hong Kong-Macao Greater Bay Area as the stage, Hong Kong is accelerating its integration into the overall development of the country. China Life seizes opportunities, has the courage to explore, actively responds to national policies and market demands, accelerates the construction of a characteristic product and service system in the Greater Bay Area, innovatively explores and builds a cross-border insurance service platform, and is committed to creating Bay Area finance for residents of Guangdong, Hong Kong and Macao in the Greater Bay Area. Insurance ecosystem .
China Life takes accelerating resource integration and improving customer experience as the starting point to further open up high-quality medical resources in the mainland, Hong Kong and Macao, and promote interconnection, sharing and integration in the Greater Bay Area. For example, the group's life insurance company "China Life Guangdong-Hong Kong-Macao Greater Bay Area Cross-border Medical Insurance " allows permanent residents in the Greater Bay Area to have insurance protection from high-quality medical resources in the mainland, Hong Kong and Macao with one policy; property and casualty insurance companies are piloting The one-stop cross-border vehicle insurance service " universal protection and compensation " was launched, which was favored by customers and helped Hong Kong citizens traveling to and from the mainland to drive smoothly and worry-free.
China Life Overseas Company launched the " Overseas Pass " project, and cooperated with a number of banks to launch cross-border witness account opening services, opening up a new cross-border payment channel for mainland customers who are unable to come to Hong Kong, and promoting the solution to collection and payment difficulties and other issues. At the same time, it successfully launched a local remote insurance pilot platform in Hong Kong, breaking time and geographical restrictions and making insurance more convenient for customers in Hong Kong. As the main force in the group's implementation of its internationalization strategy and the pioneer in exploring overseas life insurance markets, China Life Overseas's total premium income in 2021 is nearly HK$260 billion, demonstrating its important strength. Especially in recent years, the market share of overseas companies has firmly ranked among the top 3 in the Hong Kong market. The new single annualized premium income has been the champion in Hong Kong for 3 consecutive years. It has continuously maintained the "A1" rating by the international rating agency Moody's and Standard & Poor's 's "A" international credit rating and outlook remain " stable ".
Guangfa Bank Hong Kong Branch continues to improve its cross-border service capabilities, and has successively carried out cross-border business linkage cooperation with more than 230 domestic branches, such as agency payment, forfaiting, domestic guaranteed overseas loans, wind ginseng direct loans, exchange settlement and other cross-border business linkage cooperation, accumulating The amount of cross-border linkage business achieved exceeded HK$221.2 billion, and the breadth of cooperation continued to expand. In addition, the Hong Kong branch of the group's overseas company and the Hong Kong branch of China Guangfa Bank have realized direct bank-enterprise connections to provide group medical individual claims payment and settlement services. Claim funds can be automatically and quickly transferred to customer accounts of different local banks in Hong Kong, realizing 7x24-hour service. will arrive in your account in 30 minutes as fast as . As of the end of May 2022, more than 21,000 claims have been successfully completed, with the transaction amount exceeding HK$212 million.
Use my 100-point hot
to shine brightly
While providing high-quality financial services for the development of Hong Kong's " big era", China Life has always fulfilled its mission and responsibilities as a central enterprise, actively fulfilled its corporate social responsibilities, and has withstood the test of wind and rain in Hong Kong. Always watch over the "little happiness " of the Hong Kong people.
In February 2022, the prevention and control of the new coronavirus pneumonia epidemic in Hong Kong faced an unprecedented severe situation. China Life acted quickly and went all out to support and cooperate in winning the battle against the epidemic in Hong Kong. China Life Overseas Company quickly launched eight measures to provide customers with fast and comprehensive services, including launching an all-weather remote insurance service, developing a green channel for rapid claims settlement for confirmed customers, waiving the time limit for submitting claims applications, and providing a number of convenient and safe online services Services, continue to provide " new coronavirus vaccine side effects " protection, extend the renewal premium grace period for designated individual insurance products from 31 days to 90 days , provide electronic policy contracts and paper policy mailing services, and provide a free One-stop medical membership platform membership. At the same time, more than 2.6 million masks and various anti-epidemic materials were distributed to citizens at 210 agent wealth management centers in Kowloon and the New Territories, which are crowded with people.Faced with the severe employment situation under the impact of the epidemic, overseas companies have specially launched the "IANG Youth Entrepreneurship Program" to provide entrepreneurship and employment opportunities for international students coming to Hong Kong to help " secure employment.".
In addition, China Life Overseas has always strongly supported various charity activities in Hong Kong and continued to participate in the " Community Chest One Million Walks " charity fundraising event held by The Community Chest of Hong Kong, caring for the community and contributing love with practical actions; calling on employees Participated in the " Food Cherish Experience Day " event organized by the charity, encouraging employees to participate in making loving meals to help people in need of food assistance in the society. On that day, the volunteer team worked together to produce nearly 2,000 nutritionally balanced meals for distribution. ; Introducing the China Life customer service brand activity " China Life Little Painter " to Hong Kong to care for the growth of local children and the development of art education. During the 14th National Games in 2021, China Life Overseas Company, as the diamond sponsor and insurance sponsor of the Hong Kong SAR delegation, provided insurance services such as accidental injury and COVID-19 protection to athletes, helping Hong Kong athletes during the competition. Show your strength and realize your dreams.
has been working hard for 25 years and embarking on a new journey together. As an international financial, trade and shipping center, Hong Kong plays an irreplaceable and important role in the joint construction of the "One Belt, One Road" and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. China Life will continue to follow the requirements of high-quality development, focus on serving the overall development of the country, give full play to the comprehensive financial advantages of the coordinated development of the three major business sectors of insurance, investment, and banking, gather greater strength, and make greater achievements to help Hong Kong prosper. new heights.
