关于保险资管践行“长钱长投”，业内人士发声

Core Viewpoint - The conference highlighted the need for insurance institutions to adapt their asset allocation strategies in a low interest rate environment while maintaining a long-term investment approach to support the high-quality development of the real economy [1][3]. Group 1: Market Environment and Confidence - Insurance institutions are experiencing increased confidence due to positive changes in the capital market since September of last year, with notable improvements in market performance despite economic slowdowns [4]. - Key factors contributing to this confidence include the rapid development of technology industries driven by artificial intelligence, expectations of intensified reforms during the 14th Five-Year Plan, and the resilience of exports amid global economic uncertainties [4]. Group 2: Asset Allocation Strategies - The risk appetite of insurance institutions is rising, necessitating adjustments in asset allocation strategies to align with the current market environment [5][6]. - The allocation structure is shifting towards a more diversified approach, with an emphasis on both fixed income and equity assets, while maintaining a cautious stance on fixed income investments [7]. - Insurance funds have increased their equity investments, with over 8% of investments in stocks this year, reflecting a significant rise from the beginning of the year [7]. Group 3: Alternative Investments and Long-term Strategies - There is a growing focus on diversifying income sources through alternative investments to extend duration, smooth volatility, and enhance yield flexibility [8]. - The appeal of REITs is highlighted as they offer predictable cash flows in a low interest rate environment, making them attractive for insurance capital [8]. Group 4: Investment Capability Enhancement - The changing investment environment demands improved asset identification and operational management capabilities from insurance institutions [9]. - A shift from a credit-focused approach to a more asset-understanding capability is essential for long-term stability and risk management [9]. - The industry consensus emphasizes the importance of deepening value investment and focusing on high-quality growth sectors such as new energy, technology, and advanced manufacturing [9].