Recently, market fluctuations have increased, and the trend of adjustments in the allocation of insurance fund equity has attracted market attention. The reporter interviewed a number of industry insiders and learned that insurance capital has indeed been adjusted in stages, but the overall volume of holdings reduction is limited; large accounts with own insurance funds are limited by position requirements and cannot be net reduced, while outsourced special accounts face customer redemption and withdrawal restrictions. The core direction of “long-term investment” of insurance funds has not changed. Meanwhile, the allocation of insurance equity is still heating up. According to data from the State Financial Supervision and Administration, as of the end of the second quarter of this year, the balance of insurance fund usage surpassed 40 trillion yuan for the first time, and the total allocation balance of insurers' stocks and securities investment funds reached 6.39 trillion yuan, accounting for 16.23% of the balance of funds used. Both scale and proportion reached record highs. Among them, stock allocation accounted for 10.41%, increasing sequentially for 8 consecutive quarters. Although the pace of listing has clearly slowed down, insurance capital is patiently increasing technology and new quality productivity through channels such as strategic IPOs and private equity funds. Looking ahead to the fourth quarter, many insurance institutions tend to be cautious and optimistic. The main allocation focuses on “high dividend+technological growth”, and places more emphasis on performance certainty and valuation safety margins.

Recently, market fluctuations have increased, and the trend of adjustments in the allocation of insurance fund equity has attracted market attention. The reporter interviewed a number of industry insiders and learned that insurance capital has indeed been adjusted in stages, but the overall volume of holdings reduction is limited; large accounts with own insurance funds are limited by position requirements and cannot be net reduced, while outsourced special accounts face customer redemption and withdrawal restrictions. The core direction of “long-term investment” of insurance funds has not changed. Meanwhile, the allocation of insurance equity is still heating up. According to data from the State Financial Supervision and Administration, as of the end of the second quarter of this year, the balance of insurance fund usage surpassed 40 trillion yuan for the first time, and the total allocation balance of insurers' stocks and securities investment funds reached 6.39 trillion yuan, accounting for 16.23% of the balance of funds used. Both scale and proportion reached record highs. Among them, stock allocation accounted for 10.41%, increasing sequentially for 8 consecutive quarters. Although the pace of listing has clearly slowed down, insurance capital is patiently increasing technology and new quality productivity through channels such as strategic IPOs and private equity funds. Looking ahead to the fourth quarter, many insurance institutions tend to be cautious and optimistic. The main allocation focuses on “high dividend+technological growth”, and places more emphasis on performance certainty and valuation safety margins.