详解险资入市三大新举措：能撬动多少增量资金

Core Viewpoint - The Chinese government is intensifying policies to encourage insurance funds to enter the capital market, with three major measures announced to stabilize and activate the market [1][2]. Policy Measures Policy One: Risk Factor Adjustment - The risk factor for stock investments will be reduced by 10%, potentially releasing a minimum capital of 364 million yuan, which could lead to an influx of approximately 1,349 million yuan into the stock market if insurance companies increase their stock allocations [2][3]. - The adjustment aims to improve the solvency ratio of the insurance industry by reducing the capital required for equity investments, which has been a significant consideration for insurance companies [1][2]. Policy Two: Long-term Investment Pilot - An additional 600 million yuan will be allocated to long-term stock investment pilots, bringing the total to 2,220 million yuan [3]. - This initiative allows insurance companies to establish private equity funds focused on long-term stock investments, which can mitigate the impact of market volatility on net profits [3]. Policy Three: Long-term Assessment Mechanism - The implementation of a long-term assessment mechanism is intended to smooth out short-term market fluctuations and enhance the stability of long-term investment behaviors [4]. - The recent increase in the equity investment ratio cap for insurance companies from 10%-45% to 10%-50% indicates that there is still room for further equity investments, which can act as a stabilizing force in the capital market [4].