险资“买买买”模式升级股票和基金持仓再创新高

Core Insights - The investment balance of life insurance companies in stocks and securities investment funds reached a record high, with a total of 5.59 trillion yuan, accounting for 14.92% of the total investment balance of insurance companies as of the end of Q3 2023, marking a significant increase since the data was first disclosed in 2022 [3][5]. Group 1: Investment Trends - The proportion of investments in stocks and securities investment funds by insurance companies has surpassed the 14% mark for the first time, indicating a strategic shift towards equity investments [4][5]. - As of Q3 2023, the total investment balance of insurance companies exceeded 37 trillion yuan, reflecting a year-on-year growth of 16.5% [4]. - The investment balance in stocks and securities by life insurance companies reached approximately 5.19 trillion yuan, representing 15.38% of their total investment balance, an increase of 2.04 percentage points from the previous quarter [5]. Group 2: Market Activity - Insurance companies have significantly increased their equity investment activities, with 31 instances of shareholding increases recorded in 2023, surpassing previous highs [6]. - The performance of insurance companies has improved due to rising capital market conditions, with several companies reporting record profits for the first three quarters of the year [6]. Group 3: Asset Allocation - The investment balance in bonds by life and property insurance companies reached 18.18 trillion yuan, maintaining the highest share among various investment types, although the proportion slightly decreased to 48.52% [7]. - The allocation to bank deposits has continued to decline, with life and property insurance companies holding 7.37% and 15.67% of their investment balance in bank deposits, respectively [8].