On July 21st, leading insurance institutions including PICC, China Life Insurance, PING AN, China Pacific Insurance, New China Life Insurance, SUNSHINE INS, and China Taiping Insurance have successively voiced their support for the development of the capital markets.
PICC: A Firm Guardian of Capital Market Stability
PICC stated that, as a value investor adhering to long-termism and the concept of patient capital, the company is firmly optimistic about the development prospects of China's capital markets. It is taking concrete actions to actively seize the dual opportunities of market valuation recovery and industrial growth. The company is resolutely committed to being a value discoverer for China's capital markets, a stabilizing anchor for market stability, and a main force in serving the real economy, contributing to the high-quality development of China's capital markets.
China Life: Increasing Allocation in Key Areas Like the Modern Industrial System and New Quality Productive Forces
The China Life Insurance Group stated that, as one of the largest professional institutional investors in China's capital markets, it maintains a firm, positive outlook on China's economic prospects and the long-term upward trend of the capital markets. Its subsidiary, China Life Asset Management, consistently upholds the investment philosophy of long-term, value, and prudent investing for insurance funds. It will continue to leverage its working mechanism for promoting medium to long-term capital market entry, seize strategic asset allocation opportunities, optimize and enhance the structure and proportion of equity investments, and increase allocation in key areas such as the modern industrial system and new quality productive forces. This will provide long-term stable capital supply to the capital markets, promote enterprise value enhancement within a virtuous market cycle, and help improve investors' medium to long-term returns and sense of gain.
PING AN: Firmly Supports Capital Market Development and Adheres to Stable, Sustainable Cash Dividend Policy
PING AN issued an announcement stating it will fully leverage the advantages of insurance funds as patient, long-term capital to steadfastly support capital market development. As a large comprehensive financial group and a significant force in capital market development, the company is fully confident in China's economic development prospects and firmly optimistic about the long-term value of China's capital markets. The company will further utilize its advantages of large-scale, long-term funds, flexibly employ various comprehensive financial instruments and investment strategies, and continuously increase investment in strategic emerging industries, advanced manufacturing, new infrastructure, and value-oriented assets, demonstrating the due responsibility of patient capital through concrete actions.
China Pacific Insurance: To Continue Investing in Stocks and ETFs in Tech Growth, Consumer, and New Energy Sectors
China Pacific Insurance announced that, to further support capital market development and boost investor confidence, the company will persist in leveraging the strengths of insurance funds to support the capital markets. The company firmly believes in the long-term positive fundamentals of the Chinese economy and is confident in the development prospects of China's capital markets. Adhering to the investment philosophy of "value investing, long-term investing, prudent investing, and responsible investing," the company is optimistic about the long-term allocation value of China's equity market. This year, the company has continuously utilized the long-term investment advantage of insurance funds to increase its equity allocation ratio. Subsequently, it will continue to invest in stocks and ETFs within sectors like technology growth, consumer, and new energy, support the cultivation and development of new quality productive forces, and act as a true patient capital in the market.
New China Life Insurance: Increasing Equity Asset Investment Intensity and Firmly Supporting Capital Market Development
New China Life Insurance announced it will leverage the advantages of insurance funds to support capital market development. The company is confident in China's economic development and firmly optimistic about the prospects of China's capital markets. Upholding a long-term, value-oriented, and prudent investment philosophy, it actively serves national strategies and supports the real economy. It will continue to utilize the advantages of insurance funds as strategic, long-term, and patient capital, increase the intensity of equity asset investment, enhance support for technological innovation and new quality productive forces, continuously optimize the structure of equity asset allocation, and firmly support capital market development.
SUNSHINE INS: Serving New Quality Productive Forces and Supporting the Long-Term Stable Development of China's Capital Markets
SUNSHINE INS stated that it remains firmly optimistic about the prospects of China's economy and capital markets. Guided by the philosophy of value investing, it will fully leverage the patient capital characteristics of insurance funds. On one hand, it will continue to allocate to high-quality enterprises with stable profits and dividend policies; on the other hand, it will increase investment in areas such as the technology industry, future industries, advanced manufacturing, and new infrastructure. This aims to serve new quality productive forces and support the long-term stable development of China's capital markets.
China Taiping Insurance: Firmly Supports Capital Market Development
It was learned that China Taiping Insurance Group consistently believes in the fundamental trend of China's economy improving over the long term, is fully confident in China's economic development prospects, and firmly optimistic about the investment value of China's capital markets. This year, the group has optimized its asset allocation structure and increased equity investment efforts, resolutely implementing the strategic deployment for medium to long-term capital market entry. Moving forward, the group will adhere to the philosophy of "long-term investment, value investment, and responsible investment," play the role of a "stabilizer and anchor" in the capital markets, increase investment in strategic emerging fields and new quality productive forces, demonstrate the advantages of insurance funds as long-term and patient capital through concrete actions, and contribute to high-quality economic development.
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