On August 28th, China Life Insurance Company Limited held its 2025 interim results briefing. Hou Jin, Assistant President and Chief Actuary of the company, stated that through the first half of the year's efforts, the company has successfully shortened the effective duration gap between assets and liabilities for new business to 1.5 years, which establishes a solid foundation for China Life Insurance Company Limited's interest rate risk management.
The company has also actively enhanced cost-benefit matching effectiveness. The guaranteed cost of liabilities decreased significantly by 59 basis points in the first half compared to the same period last year, establishing a favorable foundation for China Life Insurance Company Limited to manage future spread risks.
"Combined with our company's strong and effective asset-liability coordinated management results, we are confident in our ability to manage interest rate and spread risks going forward," she stated.