时报观察丨加快权益资产配置 险资“长钱长投”效应显现

Group 1 - The core viewpoint of the article highlights the significant increase in stock investments by listed insurance companies in China, with a total stock asset amount exceeding 1.8 trillion yuan as of June 30, marking an increase of over 400 billion yuan and a growth rate of 28.7% compared to the end of the previous year [1] - The combined amount of stocks and funds held by listed insurance companies has also shown rapid growth, with specific allocation ratios for major companies such as China Life, Ping An, China Pacific Insurance, and China People’s Insurance reaching 13.6%, 12.6%, 11.8%, and 10.7% respectively, reflecting an increase of 0.9 to 2.7 percentage points [1] - The increase in equity asset allocation by insurance companies is driven by two main factors: the low interest rate environment and new accounting standards, creating a real demand for increasing equity asset allocation [1] Group 2 - The policies introduced since last September, including the Central Political Bureau's call to guide long-term funds into the market, have effectively addressed the barriers to insurance capital entering the market, leading to a significant increase in investments [2] - The active participation of insurance capital in the market is expected to enhance its role as a stabilizer and ballast, promoting a trend towards long-term and value investing, which in turn supports the stable and healthy development of the capital market [2] - In the long term, the combination of a low interest rate environment and policies encouraging insurance and other long-term funds to enter the market is likely to lead to a continued increase in equity asset allocation by insurance companies [2]