China Insurance Asset Management Association: Stocks are the top choice for insurance institutions in the second half of the year.

The China Insurance Asset Management Association recently released the results of the Investor Confidence Survey in the second half of 2025. The survey covers four aspects: macro environment, market judgment, allocation plan, and profit expectations, with a total of 122 insurance institutions participating, including 36 insurance asset management institutions and 86 insurance companies. In terms of asset allocation preferences, stocks are the preferred investment asset for insurance institutions in the second half of the year, followed by bonds and securities investment funds. Most insurance institutions expect the proportion of various asset allocations in the second half of the year to remain basically the same as at the beginning of 2025, with some insurance institutions possibly moderately or slightly increasing their investments in stocks and bonds.