● 程竹 李蕴奇 近日，河南、陕西、山东、辽宁等地密集开展险资对接活动，通过项目库上线、政策扶持、产融恳谈会 等形式，加速引导万亿险资流向地方重大项目。专家认为，险资规模大、周期长的特点与地方中长期项 目需求高度契合，但需破解信息不对称、退出机制不畅等痛点，以进一步释放耐心资本对实体经济的赋 能效应。 各地对接险资忙 12月11日，2025年"保险资管河南行"产融对接会在河南郑州航空港区举办。会上专项推介了河南省征信 有限公司暨"险资入豫"项目库，目前入驻项目已达60余个，总投资金额超1300亿元，覆盖了先进制造、 基础设施、绿色低碳等多个重点领域。在项目路演现场，河南省多家重点企业携基础设施、先进制造、 科技创新、产业园区等领域优质项目集中亮相，与在场金融机构面对面洽谈，达成多项初步合作意向。 除河南以外，近期还有多地积极出台政策、开展招商引资活动，向险资伸出橄榄枝。11月27日，陕西省 出台的《关于深化资本市场改革助力陕西高质量发展的若干措施》明确，建立健全险资入陕机制，支持 险资参与设立私募创投基金。9月23日，山东组织召开"险资入鲁：保险资管助力山东产业升级与创新发 展"恳谈会，73个基础设施、科技创 ...

与气象指数保险或产业指数保险不同，该指数并不直接用于理赔，而是服务于科技创新和新质生产力配 置，帮助投资机构识别发展阶段、发现结构性机会、控制下行风险，使投资逻辑从感性判断迈向量化分 析，从追随热点迈向长期主义。 "提升科技创新配置能力，既需要资金'敢投、愿投'，更需要形成'会投、投得准'的能力体系。"新华资 产管理股份有限公司总经理陈一江表示，科技创新"高投入、高风险、长周期"特点与保险资金"久期 长、规模大、来源稳定"特征天然契合，保险资管机构有条件在企业全生命周期形成"募投管退"闭环支 持。他认为，应构建股权、债权、基金、REITs等多层次协同的资本工具体系，以跨资产、跨阶段方式 持续赋能科技创新。 长期资金如何提高识别科技创新价值的能力、提升服务经济结构转型的精准度，正成为金融行业关注的 焦点。近期，新华资产发布自主研发的"战略新兴行业发展综合指数"，为长期资金观察战略性新兴产业 趋势提供了量化依据。据悉，该指数以市场影响力、股权认可度、债权认可度、偿债能力和盈利能力5 项核心指标加权形成，以量化方式刻画新兴产业景气变化和企业竞争力。 行业实践正呈现多元化探索。泰康资产在科创配置中强化科技投入与专业工 ...

二是转型发展成效显著，服务实体经济能力提升。伴随资管新规的发布，资管行业经历了深刻转型，更 加规范、更加透明、更加专业。上海金融监管局推动辖内银行保险资管机构积极作为，引导更多金融资 源投向国家重点领域和民生薄弱环节。上海地区养老理财产品销售规模破百亿元，"险资入沪"（即保险 资金投资上海地区资产）余额超2万亿元，不动产信托财产登记在上海试点，这些都为上海经济社会高 质量发展提供了有力的金融支持。 毛利恒 上海金融监管局副局长毛利恒： 推动银行理财、信托、保险资管等主体 在规范中成长、在开放中提升 ◎记者 何奎 12月12日，上海金融监管局党委委员、副局长毛利恒在"上证·大虹桥金融高质量发展大会"上表示，上 海金融监管局在金融监管总局的领导和上海市委、市政府的关心支持下，持续推动银行理财、信托、保 险资管等主体在规范中成长、在开放中提升，行业整体呈现良好发展态势。 一是资管中心地位稳固，开放前沿效应凸显。上海目前已汇聚30余家银行理财、信托、保险资管机构， 管理资产规模约占全国30%。作为对外开放的"桥头堡"，上海正持续吸引全球顶尖资管机构深耕布局。 继5家国际资管巨头在上海设立理财公司之后，今年友邦保险资管 ...

Core Viewpoint - As of the end of October, Henan has attracted over 1 trillion yuan in insurance funds, quadrupling since the end of 2020, with annual increments exceeding 100 billion yuan for four consecutive years, and the balance of insurance fund utilization surpassing 700 billion yuan, exceeding the "14th Five-Year Plan" target [2] Group 1 - Insurance funds are characterized by large scale, long duration, stable sources, and flexible forms, serving as a natural patient and long-term capital for the development of key areas in the real economy [2] - The "Insurance Capital Henan" project library has been launched, integrating high-quality project resources across the province to provide digital support for precise investment by insurance funds [2] - The investment scale of insurance funds in Henan is rapidly increasing, with investment methods becoming more diverse and investment fields expanding from traditional sectors to emerging industries [3] Group 2 - Insurance funds are expected to support the construction of a healthy Henan through models like "Insurance + Big Health" and "Insurance + Big Elderly Care," with planned investments exceeding 5 billion yuan [3] - China Life Asset Management has invested over 140 billion yuan in Henan, including local government bonds, credit bonds, bank deposits, stocks, and asset-backed plans [3] - The company aims to leverage its advantages to participate in Henan's green and digital transformation strategies, supporting high-quality economic development [4] Group 3 - The investment balance of Xinhua Asset Management in Henan has reached 25 billion yuan, covering key sectors and important enterprises [4] - The company plans to continue increasing its allocation to Henan government bonds and support the development of major state-owned enterprises in the province [4] - The Henan Financial Supervision Administration has invited investment institutions to deepen cooperation and enhance financing and intellectual support, aligning the long-term advantages of insurance funds with Henan's development plans [4] Group 4 - The "Insurance Capital Henan" project library has over 60 projects with a total investment amount exceeding 130 billion yuan, covering advanced manufacturing, infrastructure, and green low-carbon sectors [5] - This project library aims to build a dedicated bridge for information exchange and resource matching between insurance funds and high-quality industrial projects in Henan [5] - The initiative is expected to break down information barriers and facilitate precise connections for insurance capital entering Henan [5]

本报讯 （记者冷翠华）12月12日，在第十九届华夏机构投资者年会暨华夏金融（保险）科技论坛上，中国银行保险资产管 理业协会党委委员、秘书长贺竹君表示，银行保险资管机构紧扣国家战略导向发挥重要作用，银行保险资产管理业已进入快速 发展的黄金期。 据贺竹君介绍，目前，银行理财和保险资管机构合计受托管理规模达到70万亿元，作为资管市场重要的资金管理者和机构 投资者发挥了多重职能。具体体现在：为居民财富的长期稳健增值提供了丰富的产品工具，是主要的产品供给者之一；为资本 市场的稳定运行提供了长期融资支持，是资本市场的基石投资者；为实体经济高质量发展注入了持续的源头活水，为新质生产 力的培育壮大贡献了股权性的资本供给和直接融资。 贺竹君表示，我国银行理财和保险资管业具有很强的活力与韧性。目前，共有68家银行理财和保险资管机构，共同构成了 多元发展格局。银行理财和保险资管机构互补，共同奠定了大资管行业重要板块。两个行业协同发力，形成了覆盖长、中、短 期适配多场景的资金供给体系，投资范围从传统的基础设施到新质生产力领域，从普惠金融到国家重大战略项目。 在培育耐心资本方面，保险资管行业充分发挥保险资金的优势，推动资金、资本、资产 ...

Core Viewpoint - The financial market reform is deepening, leading the asset management industry into a golden development period, with banks and insurance asset management playing crucial roles in wealth management, capital market stability, and supporting the real economy [1][6]. Group 1: Market Dynamics - The insurance asset management sector consists of 36 core companies, 16 private fund companies, and over 200 management centers, employing more than 12,000 professional investors [2]. - The banking wealth management sector has 32 subsidiaries providing inclusive financial services to a broad range of investors [2]. - Both sectors manage a total of 69 trillion yuan in assets, with insurance funds reaching 37.46 trillion yuan and a compound annual growth rate of 14% over the past decade [2]. Group 2: Financing Tools and Services - Insurance asset management has provided 2 trillion yuan in debt and equity investment plans, offering stable financing tools for the real economy [3]. - Bank wealth management focuses on fixed-income and cash assets, creating a diverse product matrix to meet the stable investment needs of the public [3]. Group 3: Support for Strategic Development - Insurance funds are actively investing in major infrastructure projects and sectors like healthcare, green energy, and semiconductor industries, contributing to sustainable development [4]. - The insurance asset management industry promotes a virtuous cycle of funds, capital, and assets, with long-term investments exceeding 2 trillion yuan [4]. Group 4: Capital Market Participation - Insurance funds are involved in the Sci-Tech Innovation Board, enhancing the investor structure and creating a favorable financing environment for the real economy, with a balance of 5.6 trillion yuan in stock and fund investments [5]. Group 5: Economic Outlook - The recovery of the economy and increasing demand for wealth management, particularly in technology innovation and new business models, are favorable for the development of the banking and insurance asset management industry [6].

银行理财与保险资管双支柱作用显著 本报（chinatimes.net.cn）记者吴敏 北京报道 12月12日，由华夏时报社主办的第十九届华夏机构投资者年会暨华夏金融（保险）科技论坛在北京成功 举办。 本届论坛以"活力与韧性 拓新与赋能"为核心主题，由中央财经大学数字经济融合创新发展中心、华夏 时报金融思想荟、华夏时报金融研究院联合提供智力支持，意在回应时代之问，凝聚发展共识，探寻未 来路径。 中国银行保险资产管理业协会党委委员、秘书长贺竹君发表致辞指出，我国大资管行业正步入发展黄金 期，银行理财与保险资管合计受托管理规模约70万亿元，已成为资本市场稳定运行的"压舱石"和实体经 济长期资金的重要供给者。 他强调，行业将持续聚焦服务国家战略、培育耐心资本与支持新质生产力。同期，协会完成更名换届， 标志着我国资管行业自律管理进入协同发展的新阶段。 重点投向国家重大战略、新质生产力及耐心资本领域 贺竹君特别介绍了保险资金服务国家战略与赋能新质生产力的进展。在重大战略领域，保险资金通过债 权、股权投资计划支持长江经济带、京津冀协同发展、大湾区建设等项目，登记规模超3万亿元；同时 加大对医疗健康、绿色环保、新能源、半导体 ...

Core Insights - The Chinese asset management industry has entered a golden development period, with the total entrusted management scale reaching approximately 176 trillion yuan, of which bank wealth management and insurance asset management account for about 70 trillion yuan [1][2]. Industry Overview - The current phase is characterized as the "14th Five-Year Plan" period, with a solid recovery in the economy and increasing demand for wealth management from residents [1][2]. - There is a growing financing demand from the real economy, particularly in technology innovation and new model transitions, which is beneficial for the development of the banking and insurance asset management sectors [1][2]. Future Directions - The China Banking and Insurance Asset Management Association aims to play a bridging role under the guidance of the financial regulatory authority, enhancing industry self-regulation and promoting research and investment capabilities [1][2]. - The association plans to build communication platforms for institutions and foster service innovation in asset management products, contributing to the high-quality development of the real economy and the construction of a strong financial nation [1][2].

大河网讯 总投资超1300亿元，目前入驻项目已达60余个……当险资邂逅中原沃土，当产融协同赋能高质量发展，一场关乎河南经济升级的资本盛宴在郑州 航空港拉开帷幕。 现场，我省"险资入豫"企业项目库上线，目前入驻项目已达60余个，总投资金额超1300亿元，覆盖了先进制造、基础设施、绿色低碳等多个重点领域。该数 据库由河南省征信有限公司牵头打造，整合全省优质项目资源，为险资精准投放提供数字化支撑。 据介绍，2022年河南启动"险资入豫"，靠项目库对接、牵线政企与险资机构，让险资在豫规模逐年稳增。为了让全国保险资管机构能系统化、持续化地了解 河南优质企业优质项目信息，河南上线"险资入豫"项目库系统。 "险资入豫"项目库通过搭建国内保险资管机构与河南优质项目的线上通道，以数字化手段打破信息壁垒，为险资精准匹配河南优质项目提供高效通道。 作为本次活动的举办地，郑州航空港已集聚各类金融机构44家，培育上市企业2家，存续私募基金44只、规模超260亿元，债券市场规模突破700亿元。获批 河南省首个合格境外有限合伙人(QFLP)基金及基金管理人双试点、落地全省首只QFLP—河南郑卢空铁"双枢纽"私募股权投资基金合伙企业(有限合 ...

Core Insights - Alternative investments are rapidly expanding and play a crucial role in stabilizing investment returns, with a projected annual growth rate of approximately 13.1% from 2000 to 2024, expected to reach $35 trillion by 2032, accounting for 24% of the global asset management total [3] - The shift in China's financing methods from incremental to stock-based models necessitates the activation of existing assets through securitization products [3] - Insurance capital is increasingly focusing on alternative investments, with a notable shift towards asset-backed plans and equity investments over the past three years, despite a decline in the growth rate of debt-related products [4] Industry Trends - The current trend in alternative investments among domestic insurance capital is characterized by a transition from traditional debt products, which currently account for over 50% of investments, to more diverse categories such as asset-backed plans and equity investments [4] - The overall growth rate of alternative investments in the insurance sector has decreased to 8%, influenced by factors such as debt resolution and declining interest rates [4] - Human Insurance Capital's investment strategy focuses on three main areas: stable debt investment, quality physical asset investment, and strong private equity investment [4] Regional Focus - Human Insurance Capital has invested nearly 10 billion yuan in the Henan market in recent years, including projects like the Zhengzhou Airport debt investment plan and the Henan High-speed debt investment plan [4]