At its 2026 interim results briefing held today, New China Life Insurance Company Ltd. addressed inquiries regarding its asset-side investment evaluation mechanisms. Vice President Qin Hongbo stated that the company is diligently implementing regulatory requirements for long-cycle assessments, refining its investment appraisal framework through three key initiatives.

First, the company is enhancing cycle adaptability. It is transitioning the evaluation period from a traditional single-year review to a more extended timeframe, scientifically structuring multi-dimensional assessment cycles to better steer investment conduct. With a focus on long-term objectives, the evaluation metrics now incorporate not only current-year targets but also three-year and five-year performance indicators.

Second, a value-driven approach is being emphasized. Throughout the design of the evaluation indicators, the company is integrating absolute returns, relative performance, compliance and risk control, alongside a demonstrated capacity for sustainable returns and operational stability, into a comprehensive and balanced consideration.

Third, the company insists on continuous dynamic optimization. It is persistently tracking policy evolution and market shifts, refining the evaluation framework as circumstances dictate. This is particularly crucial in the context of multi-asset and multi-category investment, where the appraisal of varying investment conditions requires ongoing adjustment. This serves as a vital tool for achieving both annual investment targets and longer-term strategic goals.

"In summary, the entire design of NCI's investment evaluation system is geared towards building a long-term mechanism that aligns with the attributes of insurance funds, corresponds with national strategic direction, and is consistent with the company's objectives for high-quality development," Qin Hongbo concluded.