Core Viewpoint - The recent adjustment of risk factors by the financial regulatory authority is expected to benefit long-term investments in the A-share market, particularly for insurance companies [4][7]. Group 1: Risk Factor Adjustment - The risk factor for insurance companies holding stocks in the CSI 300 and the CSI Low Volatility 100 for over three years has been reduced from 0.3 to 0.27 [5]. - The risk factor for holding stocks in the STAR Market for over two years has been lowered from 0.4 to 0.36 [6]. - This reduction in risk factors allows insurance companies to allocate more capital for investments, potentially releasing over 100 billion yuan in additional funds into the market [11]. Group 2: Investment Implications - The adjustment is limited to specific indices, including the CSI 300, CSI Low Volatility 100, and STAR Market indices [12]. - Insurance companies must hold these assets for a minimum of two to three years to benefit from the reduced risk factors, promoting a long-term investment strategy [13]. - The regulatory focus on long-term investments aligns with the broader policy direction encouraging sustained capital inflow into the A-share market [14]. Group 3: Investment Strategy Recommendations - Investors are advised to maintain a long-term investment approach and avoid chasing short-term market trends, aligning with institutional investment strategies [14]. - A diversified investment strategy is recommended, balancing between value-oriented large-cap stocks and growth-oriented STAR Market stocks to enhance risk-return profiles [15]. - Specific investment examples include a 10% allocation to the CICC CSI Selected 300 Index and a 7% allocation to Yongying Ruixin, focusing on high-growth sectors [17].