The Lord Mayor of London, Professor Michael Mainelli, along with officials from the City of London, the British Embassy in China and other representatives, visited the headquarters of our parent company, Heng An Standard Life (“HASL“) and its subsidiary, HASL Pension, in Tianjin, China. 

The esteemed guests were accompanied by Mr Aijun Wu, General Manager of HASL, Ms Qun Wan, Company Secretary and Chairman of the Board of HASL Pension, and Ms Lu Zhu, Deputy General Manager and Chief Risk Officer. They toured the workplace and engaged in discussions and exchanges.

Mr Aijun Wu warmly welcomed the delegation and expressed that HASL is both a witness and beneficiary of China's economic openness, as well as an active participant and contributor to China's economic opening-up. Since its establishment, HASL has consistently pursued high-quality development with strong support from shareholders in both China and the UK. The company has made significant progress in business expansion, risk management, social recognition, and InsurTech. HASL will continue to prioritise a “customer-centric” strategic approach and strive to become the most valuable and innovative life insurance group in the long term.

In relation to HASL Pension, Ms Wan proceeded to provide an overview of its background and operations. She emphasised that as the first foreign-invested pension insurance company in China, HASL Pension effectively harnesses the UK's exemplary expertise and cutting-edge technology in pension fund management and investment. By prioritising the establishment of a strong professional reputation and implementing distinctive operational strategies, the company has successfully established and consistently reinforced its competitive advantage.

Professor Mainelli expressed gratitude for the warm reception and highly praised the remarkable achievements of HASL as a Sino-British joint venture in high-quality development. He stated that there are significant prospects for cooperation in the Sino-British financial sector, and the City of London will continue to actively participate in China's high-level opening-up, fostering more fruitful financial exchanges and economic cooperation between China and the UK.

Both sides also delved into extensive discussions on topics such as Sino-British enterprise cooperation, the expansion of pension business, and risk management, setting the stage for a promising future collaboration.