Group 1 - The core viewpoint of the article emphasizes the ongoing push for long-term investment by insurance funds, supported by favorable policies and a focus on stable capital allocation [1][2] - The Ministry of Finance has issued a notice to enhance the long-term assessment of state-owned commercial insurance companies, adjusting the evaluation metrics to include longer periods, which encourages a more stable investment approach [1][2] - The establishment of a long-cycle assessment mechanism reduces the constraints on the market value fluctuations of insurance fund holdings, promoting a more stable investment behavior [2][3] Group 2 - Insurance funds are increasingly focusing on equity investments due to the low interest rate environment, seeking growth opportunities beyond fixed-income assets [3] - The recent establishment of private equity funds, such as the Honghu Fund, represents a significant step in the long-term investment pilot program, with a total approved scale exceeding 200 billion yuan [3][4] - The investment strategy of these funds is primarily directed towards large-cap stocks with stable governance and good liquidity, aligning with the principles of long-term capital investment [5]