On March 30, New China Life Insurance Company Ltd. (NCI) held its 2025 annual results briefing. Addressing concerns about the company's solvency pressure and adequacy maintenance, Liu Zhiyong, Assistant President and Board Secretary of NCI, stated that the company currently maintains a solid solvency position, with a comprehensive solvency adequacy ratio consistently above 200%, which exceeds regulatory requirements. However, due to the ongoing downward pressure from the 750-day moving average government bond yield curve, the company's solvency adequacy ratio is experiencing temporary strain. Amid a complex and volatile external economic environment, NCI places high importance on solvency management and is taking proactive, targeted, and diversified measures to ensure its solvency remains robust and sufficient.

Liu Zhiyong detailed that the company is primarily implementing three major strategies: First, strengthening internal capital replenishment by accelerating the transformation of its participating insurance business, focusing on value creation, and continuously improving overall profitability through refined expense control and operational efficiency enhancements to solidify the foundation for internal capital accumulation. Second, actively exploring external capital replenishment channels, including advancing the issuance of perpetual capital bonds and other similar instruments. Third, further optimizing the asset allocation structure to maintain a balance between asset returns and risk capital requirements.

Liu Zhiyong emphasized that the company is confident and capable of maintaining its solvency at a high and adequate level.