Many insurance companies plan to slightly increase their allocation to A-shares this year.

The "Insurance Institution Asset Allocation Outlook Survey Results for 2026" recently released by the China Insurance Asset Management Association show that stocks and securities investment funds are the domestic investment assets that insurance institutions are generally optimistic about this year. Among them, most insurance institutions hold a relatively optimistic attitude towards the A-share market in 2026 and plan to slightly increase their allocation to A shares. Additionally, the most favored overseas investment categories for insurance institutions in 2026 are Hong Kong stocks, gold investment, and US stock investment, which also receive significant attention from insurance institutions. Furthermore, the Investment Confidence Index for the banking insurance asset management industry, released by the Banking Insurance Asset Management Industry Association, shows a significant increase in confidence in equity investments. The survey results show that in terms of asset allocation by asset class, stocks and securities investment funds are the domestic investment assets that insurance institutions generally favor in 2026. Most insurance institutions expect the allocation ratios for bank deposits, securities investment funds, and other financial assets to remain relatively stable compared to 2025, while some insurance institutions are willing to moderately or slightly increase their stock investments. Specifically, 64.86% of insurance asset management institutions choose to slightly increase or moderately increase their stock allocation, while 62.63% of insurance companies make the same decision. In terms of overseas investment, the most favored overseas investment category for insurance institutions in 2026 is Hong Kong stocks. At the same time, gold investment and US stock investment also receive significant attention from insurance institutions. In terms of operational preferences, half of insurance asset management institutions plan to slightly increase their allocation to Hong Kong stocks, while four out of ten insurance companies plan to maintain their current allocation to Hong Kong stocks.