PICC, China Life Group, Ping An, CPIC and New China Life said they will support
capital-market development and increase investor returns. Their combined
invested assets exceeded 20 trillion yuan at end-2025. Under policy guidance to
channel more long-term funds into markets, the five materially raised
secondary-market equity allocations. Aggregate 2025 dividends (interim and
final) reached a record 102.39 billion yuan, up 12.8% YoY. Listed insurers said
they will aim to keep dividend distributions continuous and growing despite
recent net-profit volatility.