投资前景预期偏乐观 权益资产继续受青睐
Sou Hu Cai Jing·2026-01-13 23:10

Core Viewpoint - The insurance investment officers are generally optimistic about the investment outlook for 2026, with over 70% expressing a positive sentiment, indicating a significant improvement compared to early 2025 [5][8]. Investment Sentiment - 38 insurance investment officers participated in the survey, managing over 26 trillion yuan in assets, which accounts for more than 70% of the total insurance funds [5]. - 34 out of 38 officers believe that the opportunities in the A-share market outweigh the risks, with 89.47% holding this view [11]. - The majority of investment officers expect to increase their allocation to equity assets, with 68.42% anticipating a slight increase and 2.63% expecting a significant increase [22]. Sector Preferences - The sectors that insurance investment officers are most optimistic about for 2026 include technology (26.36%), cyclical (21.71%), and consumer sectors (16.28%) [25]. - The investment officers also see potential in renewable energy (12.40%) and healthcare (10.85%) sectors [25]. Investment Environment - There is a divergence in opinions regarding the investment environment for 2026 compared to 2025, with 36.84% of officers believing it will weaken, while 23.68% expect it to improve [10]. - Concerns about geopolitical risks are prevalent, with nearly 40% of officers identifying it as the biggest uncertainty for 2026 [15]. Risk Factors - The primary concern for investment officers is stock market volatility, with over 50% indicating it as their top risk [17]. - Credit risk remains a significant concern, with 23.68% of officers highlighting it as a worry, particularly in the context of local debt and small financial institutions [17]. Future Earnings Targets - About 60% of investment officers plan to maintain stable investment return targets over the next 1-3 years, while 31.58% are considering adjustments [12][14]. Investment Opportunities in Hong Kong - A growing number of investment officers view Hong Kong stocks favorably, with 63.16% believing there are significant opportunities, particularly due to favorable valuations compared to A-shares [26].