Core Viewpoint - Insurance capital institutions are increasingly diversifying their real estate investments, focusing on long-term returns and various investment methods, including debt investment plans and private equity funds [1][2][4]. Investment Trends - Insurance capital institutions are shifting from primarily investing in real estate stocks to a more diversified approach, emphasizing long-term investment returns [1][4]. - The establishment of various investment vehicles, such as debt investment plans and private equity funds, is becoming a significant asset allocation strategy for insurance capital [1][2]. Specific Investment Examples - Kunhua (Tianjin) Equity Investment Partnership has invested in 14 projects, all related to acquiring shares in Wanda Group's commercial real estate companies, with a 100% stake in 12 of them [1][2]. - New China Life Insurance holds a 99.9% stake in Kunhua Tianjin, indicating a strong commitment to real estate investments [2]. Focus on Rental Properties - There is a notable increase in investments in rental properties, including commercial complexes, long-term rental apartments, and healthcare real estate, reflecting a trend towards becoming "landlords" [4][5]. - The rental income from these properties is becoming a crucial path for insurance capital to achieve stable long-term investment returns [4][5]. Market Impact - The involvement of insurance capital in the real estate market is expected to stabilize market expectations and support the healthy development of the real estate sector [6]. - As the real estate market gradually recovers, insurance capital's investment scale is anticipated to maintain steady growth, optimizing overall asset allocation and reducing investment risks [5][6].