Question · Q4 2022
Wang Jinxing from CICC inquired about the company's perspective on the potential for falling interest rates, a topic under discussion by industry associations. She asked about the anticipated impact on the business, which products would be most affected, and the company's confidence in maintaining its sales strengths.
Answer
Li Mingguang, Vice President and Chief Actuary, explained that China Life has been preparing for a low-interest-rate environment by focusing on asset-liability matching. Key strategies include diversifying products by liability, term, and form to avoid risk concentration, and strategically building positions in long-term investment products to adapt to the new rate environment.