财政部最新发布，事关中长期资金入市！

Core Viewpoint - The article discusses the implementation of new regulations aimed at enhancing the long-term stability and performance of state-owned commercial insurance companies in China, emphasizing the importance of effective asset-liability management and investment strategies to support economic development [1][3]. Group 1: Regulatory Changes - The assessment method for the "net asset return rate" has been adjusted from a combination of "3-year cycle indicator + current year indicator" to "current year indicator + 3-year cycle indicator + 5-year cycle indicator," with respective weights of 30%, 50%, and 20% [2]. - The evaluation of the "capital preservation and appreciation rate" has also shifted from a current year indicator to a combination of current year, 3-year cycle, and 5-year cycle indicators, maintaining the same weight distribution [2]. Group 2: Asset-Liability Management - State-owned commercial insurance companies are required to enhance their asset-liability management, focusing on matching the structure, cost-benefit, and cash flow of assets and liabilities [3]. - Companies should optimize asset allocation and determine appropriate equity investment ratios to balance investment returns and risks, aiming for stable growth in owners' equity and preservation of state financial capital [3]. Group 3: Investment Strategy - Emphasis is placed on prudent management, long-term investment, value investment, and stable investment practices, alongside the development of internal long-term assessment mechanisms [3]. - Companies are encouraged to identify high-quality investment targets that offer stable returns, manageable risks, and potential for appreciation, thereby enhancing long-term stable returns [3]. - There is a call for improved investment management capabilities, including strict adherence to internal investment management systems and comprehensive risk assessment processes [3].