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september 14th (reporter zou juntao)on september 13, the second china financial industry annual conference and the "topology award" ceremony, hosted by, was held in lujiazui, shanghai. more than 200 representatives from dozens of institutions in various financial fields, including banks, insurance, trusts, and wealth management subsidiaries, gathered together to have a heated discussion and in-depth exchanges on the theme of "pioneering a new stage of financial development".

hu min, general manager of hsbc life, attended the meeting and delivered a keynote speech entitled "adhering to the right path and innovating - finding the blue ocean of china's life insurance industry". hu min pointed out that although the life insurance industry as a whole is currently facing some difficulties and challenges, the growth in wealth management demand caused by changes in the market environment such as the continuous growth of the scale of personal investable assets in china and the aging of the population has brought new development opportunities to the life insurance industry.

big wealth management brings new development opportunities to life insurance

hu min said that the entire life insurance industry has faced some difficulties and challenges in the past few years, but at the same time, china's wealth management scale has continued to grow steadily in recent years, and the growth rate of funds flowing into insurance products has also accelerated. in his speech, hu min cited bain analysis data and pointed out that during the period of 2020-2022, the average annual compound growth rate of china's personal investable assets flowing into the insurance (life insurance) field was about 6%, and during the period of 2022-2024, its average annual compound growth rate has further increased to about 10%.