Zheng Quan Ri Bao·2025-09-01 02:33Core Viewpoint - The insurance sector is increasingly shifting towards equity asset allocation in response to declining interest rates and a scarcity of risk-free investment assets, with a notable rise in the number of company surveys conducted by insurance institutions. Group 1: Investment Trends - Since the second quarter, insurance institutions have conducted 1,220 company surveys, a 31.3% increase from the first quarter's 929 surveys [1] - In the first four months of this year, insurance capital invested approximately 2.67 trillion yuan in stocks and securities investment funds, accounting for 13.60% of the total insurance fund utilization, marking a four-year high [1] - The top surveyed companies by insurance institutions include Mindray Medical, which received 52 surveys, followed by Antarctic E-commerce with 19 surveys [1][2] Group 2: Sector Performance - The medical sector, particularly Mindray Medical, is a focal point for insurance institutions, with significant attention on the impact of the pandemic on its global sales network and product lines [2] - From April 1 to June 19, 2023, the stock price performance of surveyed companies showed Mindray Medical increased by 13.1%, while Antarctic E-commerce surged by 83.5% [2] Group 3: Shareholding and Investment Strategy - As of now, there have been 16 cases of insurance capital acquiring stakes in listed companies this year, primarily involving large and medium-sized insurance firms [3] - The purpose of these acquisitions has shifted towards financial investment, aiming for long-term stable returns, with a preference for bank stocks and H-shares [3] - The overall proportion of equity investments by insurance capital is expected to continue rising, reflecting a broader industry trend towards increased equity investment [3]