Ping An of China Co-CEO Guo Xiaotao: This year's investments are about finding certainty amid uncertainty

On March 27, People’s Financial News reported that at the 2025 performance meeting of Ping An Insurance, Co-CEO Guo Xiaotao stated that insurance funds are long-term capital and patient capital. The short-term market will continue to attract attention, but short-term fluctuations are not important; what matters is how to navigate through cycles and provide long-term, stable returns. Ping An’s investment philosophy includes “five matches,” which refers to matching the asset side with the liability side, including duration matching, cost matching, product matching, economic cycle matching, and matching with regulatory requirements. In response to a reporter’s question, Guo Xiaotao said, “This year there are many uncertainties, and global capital market volatility has intensified, but we believe that the Chinese market will perform well overall throughout the year. Ping An’s investment team has experienced significant cyclical fluctuations over the past decade, accumulating cross-cycle investment experience and capability, and we believe they can navigate through cycles and earn stable returns during uncertain times.” He further explained that this year’s investments are about seeking certainty amid uncertainty, such as infrastructure, healthcare and elderly care, and high-dividend assets, which are relatively certain assets. In addition, the investment return on gold has met expectations, and it will still be included in the asset categories and portfolio strategies, with continued attention to these types of assets.