Zheng Quan Shi Bao·2025-08-29 00:27Core Insights - The investment trends of listed insurance companies are a focal point for the market, with stock assets exceeding 1.8 trillion yuan as of June 30, marking an increase of over 400 billion yuan and a growth rate of 28.7% compared to the end of the previous year [1] - The combined stock and fund holdings of major insurance companies have also shown rapid growth, with China Life, Ping An, China Pacific Insurance, and China Property & Casualty Insurance having stock and fund allocation ratios of 13.6%, 12.6%, 11.8%, and 10.7% respectively, reflecting increases of 0.9 to 2.7 percentage points [1] - The proactive entry of insurance capital into the market is driven by two main factors: the low interest rate environment and new accounting standards necessitating increased equity asset allocation, along with policies that facilitate long-term investments [1][2] Industry Overview - As of the end of June, the total market value of stocks held by life insurance companies reached 2.87 trillion yuan, an increase of 605.2 billion yuan, representing a growth rate of 26.69%, significantly outpacing the 8.85% growth in total fund utilization [1] - The central government's push for long-term funds to enter the market, initiated in September of last year, has led to effective policies that have removed barriers for insurance capital, promoting a stable investment environment [2] - The active participation of insurance capital is expected to enhance its role as a market stabilizer and guide the market towards a trend of long-term and value investing, contributing to the healthy development of the capital market [2]