On August 29th, New China Life Insurance Company Ltd. held its 2025 interim results announcement meeting. President and CFO Gong Xingfeng stated that to address the continued decline in market interest rates, the company has established a dynamic adjustment mechanism for product predetermined interest rates since the beginning of the year, strengthening asset-liability linkage, enriching diversified product supply, optimizing product structure, enhancing product competitiveness, and promoting high-quality business development.

Gong Xingfeng clarified that in the second half of the year, New China Life Insurance will continue to adhere to a value-centric approach, focusing closely on high-quality development transformation, and achieve sustainable growth in value content through optimization of key value driving factors.

First, stable business growth: "In the second half of the year, we will focus more on the synchronized promotion of protection-type products and risk products, fundamentally supporting the continuous improvement of our value."

Second, business structure optimization: The company has initiated dividend business transformation in the first half of the year and achieved certain results, but "there is still much room for effort and improvement." In the second half of the year, the company will "continue to persist in business structure optimization and promote further enhancement of business value."

Third, business quality improvement: The clear target is to "drive the company's persistency rate to reach industry-leading levels."

Fourth, cost reduction and efficiency improvement: Deepening the alignment of reported and actual practices, meticulously promoting optimization of various expenses to create more space for value enhancement; while optimizing resource allocation and improving input-output ratios.