A股大消息

Core Viewpoint - The Ministry of Finance has issued a notification to implement a long-term assessment framework for state-owned insurance companies, emphasizing the importance of long-term, stable investments to mitigate market volatility and enhance the role of insurance funds as stabilizers in the market and drivers of economic development [1][3]. Summary by Sections Long-term Assessment Implementation - Starting from the performance evaluation for the year 2025, state-owned insurance companies will adopt a three-year and five-year assessment framework alongside annual indicators [2][8]. Performance Evaluation Metrics - The net asset return rate will now be assessed using a combination of annual, three-year, and five-year indicators, with respective weights of 30%, 50%, and 20% [1][4]. - The capital preservation and appreciation rate will also shift to include annual, three-year, and five-year indicators, maintaining the same weight distribution [1][6]. Asset-Liability Management - State-owned insurance companies are required to enhance their asset-liability management, ensuring alignment in terms of duration structure, cost-benefit, and cash flow [7]. Investment Strategy - Emphasis is placed on prudent management, with a focus on long-term, value-based investments, and the identification of quality investment targets that offer stable returns and growth potential [7][8]. Investment Management Capability - Companies must strengthen their investment management capabilities, adhering to internal investment management systems, and improving decision-making and risk assessment processes [7].