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

On March 27, at Ping An of China’s 2025 annual results meeting, Guo Xiaotao, Co-CEO of Ping An’s Joint Management, said that insurance funds are long-term capital and patient capital. The market may continue to pay attention in the short term, but short-term volatility is not important. What matters is how to get through cycles and deliver long-term, steady returns. Ping An’s investment philosophy features “five matches,” meaning that the asset side matches the liability side, including duration matching, cost matching, product matching, economic cycle matching, and matching regulatory requirements. In response to reporters’ questions, Guo Xiaotao said, “There are a lot of uncertainties this year. Volatility in global capital markets has intensified. But we believe China’s market will be broadly positive overall throughout the year. Over the past decade or more, Ping An’s investment team has experienced major cycle fluctuations, accumulating cross-cycle investment experience and capabilities. We believe they can get through cycles when faced with uncertainty and earn stable returns.” He further explained that this year’s investing involves finding certainty amid uncertainty. For example, areas such as infrastructure, healthcare and elderly care, and high-dividend assets are relatively more certain. In addition, the investment return on gold has met expectations. We will still place it within asset classes and portfolio strategies, and we will continue to monitor such assets. (People’s Finance News)