Chinese insurance stocks rose collectively: China Pacific Insurance rose more than 5%, Ping An of Ch

Chinese insurance stocks in the Hong Kong stock market rose collectively. Among them, New China Life Insurance, China Life Insurance and China Pacific Insurance rose by more than 5%, China People's Insurance Group and Ping An Insurance of China rose by more than 4%, China Taiping Insurance rose by nearly 4%, and China Property Insurance rose by nearly 2%.

On the news front, Wu Qing, Chairman of the China Securities Regulatory Commission, said at a press conference held by the State Council Information Office today that the goal is to have large state-owned insurance companies invest 30% of their annual new premiums in A-shares starting from 2025. In addition, Wu Qing also introduced at the press conference that at present, commercial insurance funds and enterprise annuity funds have varying degrees of short-term assessment problems, resulting in short-term market fluctuations having a great impact on performance assessments, and stock investment tends to be short-term, making it difficult to play a long-term role.

Among them, commercial insurance funds are mainly assessed in a short cycle of one year, and the characteristics of "long money and short investment" are more prominent. All parties in the market have a consensus and demands on establishing a long-term assessment mechanism of more than three years. The "Implementation Plan" clearly states that the operating performance of state-owned commercial insurance companies will be fully assessed over a long period of more than three years, with the net asset return rate assessment weight of no more than 30% in the current year, and the weight of the three- to five-year cycle indicator no less than 60%.

This article comes from Zhitong Finance