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First of all, the decline in the yield of government bonds affects the newly allocated assets of China Ping An (hundreds of billions a year), and the earlier purchases are not affected;Finally, the layout of insurance+medical care is certainly not as high as the ceiling of American counterparts, but now the policy support is getting stronger and stronger, and the medical insurance and commercial insurance information are connected. We can control the policy cost from the perspective of death and seek differentiated competition. Next year, with the landing of institutions under the pension line, it is expected to be accelerated.Finally, the layout of insurance+medical care is certainly not as high as the ceiling of American counterparts, but now the policy support is getting stronger and stronger, and the medical insurance and commercial insurance information are connected. We can control the policy cost from the perspective of death and seek differentiated competition. Next year, with the landing of institutions under the pension line, it is expected to be accelerated.

China Ping 'an Investment Question AnsweringFirst of all, the decline in the yield of government bonds affects the newly allocated assets of China Ping An (hundreds of billions a year), and the earlier purchases are not affected;Secondly, not all fixed-income products such as bonds held by China Ping An hold interest at maturity.

Finally, the layout of insurance+medical care is certainly not as high as the ceiling of American counterparts, but now the policy support is getting stronger and stronger, and the medical insurance and commercial insurance information are connected. We can control the policy cost from the perspective of death and seek differentiated competition. Next year, with the landing of institutions under the pension line, it is expected to be accelerated.Finally, the layout of insurance+medical care is certainly not as high as the ceiling of American counterparts, but now the policy support is getting stronger and stronger, and the medical insurance and commercial insurance information are connected. We can control the policy cost from the perspective of death and seek differentiated competition. Next year, with the landing of institutions under the pension line, it is expected to be accelerated.