Ministry of Human Resources and Social Security (MOHRSS) vice minister Li Zhong said at a recent press conference that the basic pension insurance fund's assets under management have reached CNY2.6tn($358bn), doubling from the end of the 13th Five-Year Plan (China's economic and social development blueprint for 2016-2020). Since investment operations began in late 2016, the fund has achieved positive returns for eight consecutive years, with an average annual yield of 5.15%, successfully preserving and growing its value.
China's insurance sector reported strong premium growth in the first eight months of 2025, driven by a surge in life insurance sales ahead of the reduction in guaranteed interest rates, according to data released by the National Financial Regulatory Administration (NFRA).
China's insurance asset managers are expanding rapidly toward CNY40tn ($5.4tn) in assets, with third-party business rising as the next growth frontier, said the Insurance Asset Management Association of China (IAMAC) former executive vice president Cao Deyun.
The share of new premiums generated through bancassurance reached 64% of China's insurance industry's total new business in the first half of 2025 and is expected to approach 70% by the end of the year, signalling that a bank-led distribution model has largely taken shape.
China's cyber insurance market is evolving from a supplementary safeguard in digital security to a key pillar in the nation's strategic framework for data protection.
The average crediting rate on China's universal life insurance products continued to decline in August 2025, with most products yielding below 3%, according to data from Wind.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
More than 230 anticancer drugs now feature in China's national medical insurance catalogue. These drugs are used to treat over 20 common types of cancer, including lung, breast and stomach cancers.
In order to standardise payment ranges and delivery of service quality of long-term care in the country, China has released a national catalogue of long-term care insurance services.