非银金融行业周报：保险资产风险分类修订，关注市场活跃度高位下的行情催化

Investment Rating - The industry investment rating is "Overweight" [4][35]. Core Insights - The non-bank financial sector index increased by 2.6%, outperforming the CSI 300 index by 1.3 percentage points, with notable gains in brokerage and insurance indices [5][15]. - The new insurance asset risk classification regulations are expected to enhance risk management and asset quality, promoting high-quality development in the industry [3][31]. - The upcoming "opening red" for 2025, focusing on dividend insurance products, is anticipated to stabilize growth and improve product value [3][7]. Summary by Sections 1. Market Review - The non-bank financial index rose by 2.6%, with the brokerage index up by 3.35% and the insurance index up by 0.54% [5][15]. - Average daily trading volume for stock funds was 17,332 billion, a decrease of 9.2% week-on-week [27][26]. 2. Market Data Tracking - Margin trading balance reached 1.84 trillion, with a slight increase of 0.6% week-on-week [26]. - The average turnover rate for the Shanghai Stock Exchange was 1.13%, while the Shenzhen Stock Exchange was 3.49% [27]. 3. Industry News - The Financial Regulatory Bureau and other departments issued guidelines to enhance agricultural insurance management and claims processes [31]. - The new insurance asset risk classification method expands the scope of asset risk classification and improves standards for fixed-income and equity assets [31].