券商中国·2025-03-25 12:01Core Viewpoint - The article highlights the significant development of insurance funds investing in gold, marking a shift from planning to execution with the first gold inquiry transaction completed by China Life Insurance on March 25, 2023 [1]. Group 1: Insurance Companies and Gold Trading - On March 24, 2023, the Shanghai Gold Exchange announced the acceptance of several insurance companies, including China Life, as members, allowing them to participate in gold trading [3]. - The pilot program for insurance funds to invest in gold was initiated following a notification from the National Financial Regulatory Administration, which identified ten pilot insurance companies for this initiative [3]. Group 2: Investment Strategy and Market Impact - China Life Insurance emphasized its commitment to a long-term investment philosophy, focusing on the unique value of gold in optimizing portfolios, hedging risks, and combating inflation [4]. - The pilot program is expected to enhance the asset allocation structure of insurance funds, improve the stability of investment returns, and promote the healthy development of the gold market [6]. - The entry of insurance funds into the gold market is anticipated to provide long-term capital, increasing the depth and breadth of the gold market and enhancing the pricing power of the RMB in gold [6].