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Core Viewpoint - The recent notification from the Financial Regulatory Bureau aims to ease solvency pressure on insurance companies, encouraging long-term investments and enhancing their management capabilities in asset-liability matching [1][2]. Group 1: Adjustments to Risk Factors - The risk factor for stocks in the CSI 300 index and the CSI Dividend Low Volatility 100 index held for over three years has been reduced from 0.3 to 0.27, based on a weighted average holding period over the past six years [1]. - The risk factor for Sci-Tech Innovation Board stocks held for over two years has been lowered from 0.4 to 0.36, based on a weighted average holding period over the past four years [1][2]. - The notification also reduces the premium risk factor for export credit insurance and overseas investment insurance from 0.467 to 0.42, and the reserve risk factor from 0.605 to 0.545 [4]. Group 2: Encouragement for Long-term Investment - The adjustments are designed to cultivate patient capital and support technological innovation, with a focus on increasing the investment ratio and extending assessment periods for state-owned insurance companies [2]. - The Financial Regulatory Bureau previously indicated that the adjustments to solvency regulations would encourage insurance companies to increase their market participation and stabilize the market [2][3]. - The overall industry solvency adequacy ratio is expected to improve by 18.6 percentage points due to these adjustments [3]. Group 3: Future Guidance - The Financial Regulatory Bureau will guide insurance companies to implement the notification's requirements, enhancing their long-term investment management capabilities and ensuring accurate solvency data [5].