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At the mid-year performance conference held today in 2025, Zhao Peng, Vice Chairman and President of PICC, commented on the rise in the company's stock price in China so far this year, stating that it is the result of multiple factors working together. First, the high-quality development of China's economy and society has brought historic opportunities for the insurance industry. Second, the development environment continues to improve. Third, PICC's fundamentals have continued to improve with significantly enhanced value creation capabilities. Looking ahead, PICC will continue to attach great importance to market value management, while simultaneously improving capabilities in stable growth, market communication, and value creation, in order to drive valuation space enhancement.
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