Ren Min Wang·2025-06-13 07:08Group 1 - Recent activities of insurance capital include participation in long-term investment reforms and significant investments in private equity funds [1] - The China Insurance Industry Association reported that seven insurance companies executed 15 equity stakes by the end of May, indicating a strong focus on banking and public utilities [1] - The central financial authorities aim for large state-owned insurance companies to allocate 30% of new premiums to A-share investments starting in 2025 [1] Group 2 - Regulatory adjustments include a 10% reduction in risk factors for stock investments, encouraging insurance companies to increase market participation [2] - Industry experts emphasize the importance of long-term equity investments and the need for insurance capital to focus on high-dividend assets and innovative financial tools [2] - A proposed "dumbbell" asset allocation strategy suggests balancing stable dividend assets with high-growth assets while using convertible bonds and preferred stocks as buffers [3] Group 3 - The cautious approach of insurance companies towards equity investments is primarily due to concerns over the volatility of fair value [3] - Recommendations for improving the investment environment include optimizing assessment mechanisms and implementing long-term performance evaluation systems [3] - Key challenges for insurance capital include addressing asset scarcity, adapting accounting standards, and reforming assessment mechanisms [3]