On January 15, China Life’s 2024 work conference was held in Beijing. Bai Tao, Secretary of the Party Committee and Chairman of China Life Group, delivered a speech entitled “Unswervingly follow the path of financial development with Chinese characteristics and strive to promote high-quality development to a new level.” Cai Xiliang, Deputy Secretary of the Party Committee and President of the Group, delivered a speech on operations and management Report. The meeting summarized the work in 2023, analyzed the internal and external situations, deployed key tasks for 2024, united and led the cadres and employees, unswervingly followed the path of financial development with Chinese characteristics, and worked hard to promote high-quality development to a new level.
Withstand pressure Overcome difficulties High-quality development achieves good results
The meeting pointed out thatIn 2023, China Life will continue to promote high-quality development in accordance with the work philosophy of “one increase, one optimization, and six enhancement”.party leadershipand comprehensively strengthen Party buildingthematic education has achieved outstanding results, the central inspection and rectification has been solidly advanced, the comprehensive strength has been steadily improved, the amount of insurance protection and the scale of investment in serving the real economy have reached a record high, and the construction of a world-class financial and insurance group has taken solid steps.
The leading role of party building has become more prominentcarry out thematic education in a solid manner, conscientiously implement the party’s organizational line in the new era, and advance comprehensive and strict governance of the party.New progress has been made in protecting people’s better livescritical illness insurance coverageThere are 360 million urban and rural residents, annual compensation exceeds 25 billion yuan, long-term care insurance covers more than 35 million people, personal pensions and commercial pensions are in the lead, the construction of elderly care community services is progressing smoothly, and the balance of rural revitalization investment is 97.5 billion yuan, and Beijing has responded quickly. For major natural disasters such as floods in Tianjin and Hebei and earthquakes in Gansu, cumulative compensation has exceeded 1.1 billion yuan, providing strong support for post-disaster reconstruction.The role of serving the main force and leading goose in the real economy continues to be demonstratedthe annual new domestic risk insurance amount was nearly800 trillion yuan, the scale of investment in the real economy exceeds 4.4 trillion yuan, the strategic emerging industry loan balance is 176 billion yuan, the investment balance is 334.5 billion yuan, the green investment balance exceeds 480 billion yuan, and the investment balance of supporting private and small and micro enterprises exceeds 2,200 billion, inclusive small and micro enterprise loans benefited 130,000 small and micro enterprises.Value creation makes steady progressthe total premium of life insurance companies has reached a record high, the premiums of property and casualty insurance companies have exceeded 100 billion, and the scale of assets under management of asset companies has reached nearly 100 billion.5.4 trillion yuan, the assets under management of pension insurance companies exceeded 1.7 trillion yuan, the assets under management of China Life Investment Company exceeded 500 billion yuan, and the total assets of China Guangfa Bank reached 3.5 trillion yuan.Endogenous kinetic energy and development vitality are constantly stimulateddigital transformation continues to advance, collaborative development continues to deepen, and the reform and innovation pilot projects in the Guangdong-Hong Kong-Macao Greater Bay Area and Jiangsu, Zhejiang and Shanghai have begun to show results.Maintaining the bottom line of preventing systemic risksactively resolve existing risks, resolutely curb incremental risks, and the group-wide risks are generally controllable.
Improve your stance Strengthen responsibility Effectively enhance the sense of responsibility, sense of crisis and sense of urgency
The meeting required that China Life’s entire system should thoroughly study and implement the spirit of General Secretary Xi Jinping’s important speeches at the Central Financial Work Conference and the Central Economic Work Conference, effectively integrate thoughts and actions into the major decisions and deployments of the Party Central Committee, seize all favorable opportunities, and use All favorable conditions, anchor“Five outstanding and eight first-class” goals promote the construction of world-class enterprises with high-quality development.
The meeting emphasized that China Life must coordinate and grasp stability and advancement, establishment and destruction, scale and efficiency, assets and liabilities, development and security, as the operating and management logic throughout, to better implement the decisions and arrangements of the Party Central Committee and promote high-quality development. .
firm confidence Positive and promising Do a solid jobKey tasks in 2024
2024 marks the 75th anniversary of the founding of the People’s Republic of China. It is a critical year for achieving the goals and tasks of the “14th Five-Year Plan” and an important year for China Life’s reform.The meeting proposed that the overall requirements for doing a good job in 2024 are to be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee of the Communist Party of China, and conscientiously implement the Central Financial Work Conference and the Central Economic Work Conference. The meeting and the deployment of the third plenary session of the 20th Central Commission for Discipline Inspection adhered to the general tone of the work of seeking progress while maintaining stability, fully, accurately and comprehensively implemented the new development concept, deeply grasped the political and people-oriented nature of financial work, and unswervingly followed the principles of financial development with Chinese characteristics path, effectively strengthen the mission of building a financial power, and highlight theStrengthen party building, promote development, grasp reforms, promote innovation, and prevent risksfocusing on promoting stability, establishing first and then breaking, pushing high-quality development to a new level, and contributing to the great cause of building a strong country and rejuvenating the nation with Chinese-style modernization.
The meeting emphasized that“Strengthen party building, promote development, grasp reforms, promote innovation, and prevent risks“The fifteen-character requirement is to implement the spirit of General Secretary Xi Jinping’s important exposition on financial work, position the responsibilities of large-scale quasi-state-owned financial institutions, and promote high-quality development. Strengthening party building is the foundation, promoting development is the goal, grasping reform is the means, and promoting Innovation is the driving force, and risk prevention is the prerequisite. All units must closely focus on the fifteen-character requirements and make every effort to stabilize their status, team, and advantages, and advance efficiency, reform, and innovation. Among them,Insurance sectorIt is necessary to accelerate transformation and upgrading, strengthen the linkage between assets and liabilities, and achieve double improvement in market leadership and operating efficiency;Investment sectorIt is necessary to continue to improve both investment capabilities and investment returns;Banking sectorIt is necessary to rely on the group’s resources and collaborative development advantages to delve deeply into the Bay Area, highlight characteristic operations, and continuously improve value creation and risk prevention and control capabilities;Other sectorsIt is necessary to take its own high-quality development as its main responsibility, make its main business better and stronger, and contribute to the improvement of the overall value of the group.
meeting request,In 2024, China Life’s entire system must focus on the biggest political issue of promoting Chinese-style modernization, firmly adhere to the hard principle of high-quality development in the new era, stick closely to the word “real”, and do a good job in six key tasks:One isEfforts should be made to strengthen the party’s overall leadership,two isEfforts will be made to promote inspections and rectifications to be in-depth and practical,The third isFocus on achieving innovative breakthroughs in five major articles,Four isEfforts will be made to promote deepening reforms in key areas,The fifth isEfforts should be made to prevent and resolve major risks,Sixth isEfforts will be made to strengthen the construction of a team of cadres and talents.
The meeting determined that China Life2024 operation and management goals, and focus on thoroughly implementing the spirit of the Central Financial Work Conference, focusing on the main business and strong responsibility, actively providing high-quality financial services for China-style modernization, and resolutely implementing the deployment of the Central Economic Work Conference, keeping a close eye on the goals and implementation , and made further arrangements and arrangements to solidly promote high-quality development in 2024 and create a new situation.
On-site participants and members of the leadership team and senior managers of member units outside Beijing held group discussions to focus on the implementation of the Group Party CommitteeWork deployment in 2024, discuss understanding and plans based on reality.
Members of the party committee and senior managers of China Life Group, deputy leaders of the Discipline Inspection and Supervision Team of the Central Commission for Discipline Inspection and the National Supervisory Commission of China Life Group, principals of various departments of the group, as well as members of the leadership team and senior managers of directly affiliated units in Beijing attended the main venue. meeting. Members of the leadership team, senior managers, department heads, and provincial-level agency team members of member units outside Beijing attended the meeting via video branch.