

Core Insights - The insurance sector experienced a slight increase of 0.16% on September 4, with China Life leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Insurance Sector Performance - China Life (601628) closed at 40.50, up 1.55% with a trading volume of 338,300 shares and a transaction value of 1.352 billion [1] - China Pacific Insurance (601601) closed at 37.92, down 1.86% with a trading volume of 514,200 shares and a transaction value of 1.945 billion [1] - New China Life (601336) closed at 62.81, down 0.91% with a trading volume of 227,100 shares and a transaction value of 1.421 billion [1] - China Ping An (601318) closed at 57.50, down 0.48% with a trading volume of 727,400 shares and a transaction value of 4.184 billion [1] - China Re (601319) closed at 8.47, down 0.12% with a trading volume of 925,100 shares and a transaction value of 777 million [1] Fund Flow Analysis - The insurance sector saw a net outflow of 194 million from institutional investors, while retail investors experienced a net outflow of 143 million [1] - Speculative funds recorded a net inflow of 337 million into the insurance sector [1] Individual Stock Fund Flow - China Life (601628) had a net inflow of 69.29 million from institutional investors, accounting for 5.12% of total transactions [2] - New China Life (601336) had a net inflow of 66.60 million from institutional investors, accounting for 4.69% of total transactions [2] - China Ping An (601318) experienced a net outflow of 192 million from institutional investors, representing 4.59% of total transactions [2] - China Pacific Insurance (601601) had a net outflow of 91.25 million from institutional investors, accounting for 4.69% of total transactions [2] - China Re (601319) had a net outflow of 46.37 million from institutional investors, representing 5.97% of total transactions [2]