Since the second quarter of this year, the enthusiasm for new insurance funds has been relatively high, and a total of 726 insurance institutions and product funds have participated in the primary market for new funds.Insurance capital has used more than 5 trillion yuan in total for the initial launch, and new stocks are mainly concentrated on the Science and Technology Innovation Board and the Growth Enterprise Market.A number of insurance capitalists told the China Securities Journal that insurance capital seized the structural opportunities of A-shares and increased the realization of floating profits of equity assets.
A total of 5.52 trillion yuan was used
Wind data shows that as of June 28, since the second quarter, a total of 726 insurance institutions and product capital accounts have participated in the primary market.From the perspective of account types, the insurance capital accounts participating in the opening of new insurance mainly include insurance companies, insurance asset management companies, reinsurance companies and other insurance institutions.
Since the second quarter, insurance capital institutions and products have participated in a total of 18,085 initial placements.Judging from the cumulative use of funds for participating in the initial launch, as of June 28, a total of 5.52 trillion yuan of insurance funds has been used since the second quarter.Among them, Happy Life has used the most funds, reaching 34.664 billion yuan, far exceeding other insurance capital accounts.China Pacific Life's stock actively managed products (dividends) entrusted investment to participate in the new investment amounted to 18.75 billion yuan, ranking second.
The data shows that since the second quarter, insurance capital accounts have been allocated a total of 3.963 billion yuan in total investment in the initial launch.Among them, China Life ranked first, with a cumulative allocation of 503 million yuan, and Happy Life and United Life Insurance Co., Ltd.-Universal Insurance-Universal Insurance ranked second and third with 23.9185 million yuan and 13.953 million yuan respectively.
Insurance industry insiders said that new stocks with relatively stable fundamentals are the targets of insurance funds. Although the rate of return of new stocks has been low in the past two years, the overall rate of return is positive, and it is expected to achieve thickening income.
tend to hold for the long term
Wind data shows that since the second quarter of this year, a total of 77 stocks have been IPOs.Among them, there are 24 new shares on the Growth Enterprise Market, 19 new shares on the Science and Technology Innovation Board, 16 new shares on the Beijing Stock Exchange, and 6 and 12 new shares on the Shanghai Stock Exchange and Shenzhen Stock Exchange, respectively.
From the perspective of insurance capital's preference for new ventures, new stocks on the Growth Enterprise Market and the Science and Technology Innovation Board are favored by insurance capital.In terms of specific industries, special equipment manufacturing, computer, communication and other electronic equipment manufacturing, software and information technology services, ecological protection and environmental governance, chemical raw materials and chemical products manufacturing, electrical machinery and equipment manufacturing and other fields are Participation of insurance capital is a new focus.
In the selection of new stocks, insurance funds tend to be able to hold stocks for a long time.Chen Li, director of the Chuancai Securities Research Institute, believes that in the choice of investment strategies, insurance capital will pay attention to the matching of asset and liability duration, preferring long-term investment and value investment.A shares are considered attractive equity assets, and insurance capital has seized the structural opportunities in the stock market and increased the realization of floating profits of equity assets.
Zhang Wei, general manager of Dafa Assets and Equity Investment Department, told reporters that the investment of insurance funds is based on the long-term and pays attention to valuation. Generally, investment should focus on the three elements of "penetration rate, market share and localization rate" to grasp the real growth opportunities of enterprises.In terms of value stock investment, he believes that it is necessary to seize the structural opportunity of industry supply contraction. From an objective point of view, some traditional industries also have better profit recovery space, and they need to be deployed and invested in a counter-cyclical manner.(Reporter Shi Shiyu)
