保险板块大涨！风险因子再度下调，壮大“耐心资本”，险资入市进一步打开空间

Core Viewpoint - The National Financial Regulatory Administration has announced a second reduction in risk factors for insurance companies' related business, enhancing the capital efficiency of equity asset allocation, thereby continuously opening up space for insurance capital to enter the market [1][4]. Group 1: Regulatory Adjustments - The adjustment includes a reduction in risk factors for long-term holdings of stocks in the CSI 300 Index and the CSI Dividend Low Volatility 100 Index from 0.3 to 0.27 [1]. - The risk factor for common stocks on the Sci-Tech Innovation Board has been lowered from 0.4 to 0.36 [1]. - The risk factors for premiums and reserves in export credit insurance have also been reduced [1]. Group 2: Impact on the Real Economy - The notification aims to support the real economy by differentiating risk factors based on holding periods for investments in the CSI 300 Index, CSI Dividend Low Volatility 100 Index, and Sci-Tech Innovation Board stocks, fostering patient capital and supporting technological innovation [4]. - The adjustments in risk factors for export credit insurance and overseas investment insurance are intended to encourage insurance companies to increase support for foreign trade enterprises, effectively serving national strategies [4].