A股，重大利好！最新解读！

Core Viewpoint - The establishment of a long-cycle assessment mechanism for insurance funds aims to shift the focus from short-term profit-seeking to long-term stable investment, enhancing the overall investment logic of insurance capital [2][4][6]. Group 1: Long-Cycle Assessment Mechanism - The long-cycle assessment mechanism addresses the "long money, short investment" dilemma by increasing the weight of long-term indicators such as net asset return and capital preservation to 70% [4][10]. - This mechanism is expected to stabilize market fluctuations, introduce incremental funds, and optimize the investment ecosystem by focusing on high-dividend and technology growth sectors [4][5][10]. - Insurance funds are encouraged to adopt a long-term investment approach, which aligns with their inherent characteristics and supports the stability of the capital market [5][6][12]. Group 2: Impact on Capital Market - The increase in insurance capital's A-share investment ratio is anticipated to benefit dividend assets and high-quality growth sectors, promoting a shift towards value investment in the market [3][15]. - The long-cycle assessment mechanism will reduce the impact of short-term market volatility on investment decisions, allowing insurance companies to focus on fundamental value and long-term growth potential [5][6][7]. - The expected influx of insurance capital into the market could lead to a significant increase in A-share investment, potentially injecting over 3.5 trillion yuan in new funds if equity allocation rises to 15% [4][11][12]. Group 3: Policy Support for Insurance Capital - Recent policies have been implemented to encourage insurance capital to enter the market, aiming to leverage its long-term stable funding advantages to support capital market stability and economic development [8][9]. - Future policies are expected to further optimize the investment environment for insurance capital, including lowering stock investment risk factors and expanding pilot programs for long-term equity investments [9][10]. - The ongoing policy framework is designed to address the needs of insurance companies while promoting high-quality development in the capital market [10][12]. Group 4: Role of Public Funds - Public funds are positioned as key partners for insurance companies in equity investment, with opportunities for significant business growth in areas such as customized accounts and low-volatility dividend products [19][20]. - The demand for public funds is expected to rise as insurance capital increases its allocation to equity assets, particularly in index funds and thematic funds that align with insurance capital's investment strategies [19][20]. - Public funds can help insurance companies optimize their asset allocation through professional investment management and a diverse product lineup [20][21].