非银行业周报：财险高质量发展指引落地，加快推动行业的马太效应

Investment Ratings - Key companies in the insurance sector have received the following ratings: China Pacific Insurance (Buy), Ping An Insurance (Hold), New China Life Insurance (Hold), China Life Insurance (Hold), Jiangsu Jinzheng (Hold), Dongfang Caifu (Hold), CITIC Securities (Hold), Ruida Futures (Hold), Zheshang Securities (Hold), and Guolian Securities (Hold) [2]. Core Insights - The report highlights the implementation of a new regulatory framework aimed at enhancing the quality of development in the property insurance sector, which includes comprehensive supervision, risk prevention, and promoting high-quality development [3]. - The insurance sector is expected to benefit from supportive policies that will alleviate solvency pressures and optimize industry structure, particularly for leading property insurance companies [3]. - Short-term performance is anticipated to improve as economic stabilization policies take effect, while long-term prospects remain positive due to regulatory advancements and macroeconomic recovery [3]. Summary by Sections Insurance Sector Performance - The insurance sector index rose by 4.10%, outperforming the CSI 300 index by 2.65 percentage points [5]. - The cumulative premium income for the insurance industry reached 50,773.40 billion, with a year-on-year increase of 12.41% [40]. Key Company Announcements & Industry News - New China Life Insurance has increased its stake in Haitong Securities [5]. - The Financial Regulatory Bureau issued a new action plan for the high-quality development of the property insurance industry [5]. Weekly Data Tracking - The 10-year government bond yield decreased by 6.92 basis points to 1.95% [5]. - The cumulative premium income for life insurance companies showed a year-on-year growth of 14.74%, while property insurance grew by 5.49% [40]. Investment Opportunities - Companies such as Ping An Insurance, China Pacific Insurance, and China Life Insurance are highlighted for their stable performance and potential for growth in the current market environment [3].