Lates News

As of June 30th, the stock assets held by the five A-share listed insurance companies exceeded 1.8 trillion yuan, an increase of over 400 billion yuan from the end of last year, with a growth rate of 28.7%, far exceeding the increase in investment assets, indicating a significant acceleration in market entry. The total amount of stocks and funds held by listed insurance companies also showed rapid growth. As of June 30th, the stock and fund allocation ratios of China Life, Ping An Insurance, China Taiping, and PICC were 13.6%, 12.6%, 11.8%, and 10.7% respectively, increasing by 0.9 to 2.7 percentage points. Although the stock and fund allocation ratio of New China Life decreased by 0.2 percentage points from the end of last year, it still reached 18.6%, a historical and industry high. (Securities Times)