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beijing business daily (reporter li xiumei) the collective release of positive news by "one bank, one bureau, and one commission" boosted market confidence and also injected a "boost" into insurance stocks. on september 25, as of press time for beijing business daily, a-share listed insurance companies had a significant increase, and the hong kong-listed insurance sector also showed a good upward trend. a-share tianmao group and hong kong-listed ping an of china rose by more than 5%, and new china life insurance, china life, and china insurance also achieved good gains in a-shares and hong kong stocks.

industry insiders believe that the positive news is the main reason for the rise of the insurance sector today. at the state council information office press conference on september 24, the people's bank of china, the financial regulatory bureau, and the china securities regulatory commission all released signals that are beneficial to insurance funds, providing convenience for insurance funds to prepare patient capital.

li yunze, director of the financial supervision administration, said that the pilot reform of long-term investment of insurance funds will be expanded, and other qualified insurance institutions will be supported to establish private securities investment funds to further increase investment in the capital market. pan gongsheng, governor of the people's bank of china, announced a number of important policies, including the creation of a new monetary policy tool, the "swap facility" for securities, funds and insurance companies. wu qing, chairman of the china securities regulatory commission, said that the institutional barriers that affect the long-term investment of insurance funds will be removed, and insurance institutions will be promoted to become firm value investors, providing stable long-term investment for the capital market. yang delong, chief economist of qianhai kaiyuan fund, analyzed to the beijing business daily reporter that a series of policies of the people's bank of china, the financial supervision administration, and the china securities regulatory commission will help insurance funds extend the assessment cycle, promote the allocation of advantageous equity assets by insurance funds, and help improve the future investment return rate of insurance funds.

wang zhaojiang, executive director of shenzhen beishan changcheng fund investment research institute, believes that in addition to the positive effects of "one bank, one bureau, and one association", the strengthening of the rmb has boosted the market's bullish sentiment on rmb assets; the federal reserve is expected to continue to cut interest rates, which is also good for domestic insurance companies with high dividends and stable dividends.

in addition to policy stimulus, insurance stocks themselves are also actively taking measures to boost market confidence. tianmao group launched a share repurchase plan in june, stating that based on its confidence in the company's future development prospects and recognition of the company's long-term value, in order to protect shareholders' rights and enhance investor confidence, tianmao group's actual controller and chairman liu yiqian proposed that the company repurchase some of the company's a shares through centralized bidding. the repurchased shares will be used for cancellation to reduce the company's registered capital. ping an of china also recently announced the completion of its 2024 long-term service plan to purchase shares.

in terms of insurance business, the research report of everbright securities believes that in the long run, on the one hand, with the repeated reductions in bank deposit interest rates, coupled with the fact that bank wealth management and public fund products are susceptible to capital market disturbances, savings insurance products with a guaranteed interest rate of 2.5% still have a certain appeal; on the other hand, the dynamic adjustment mechanism of the guaranteed interest rate will significantly benefit insurance companies in adjusting their liability costs in a timely manner in line with market changes, which will help the industry improve its asset-liability management level in the long run.

insurance stocks have entered a downward trend since the end of 2020, and many insurance stocks have once "broken net value". at present, insurance stocks as a whole are still in the valuation repair stage. how may insurance stocks perform in the future? can the overall positive market continue?

wang zhaojiang believes that the trend of insurance stocks is expected to rise, but the short-term market is not only driven by fundamentals, but also by factors such as increased market risk appetite and trading sentiment. the rise of insurance stocks will not happen overnight. after all, as a mature industry, its growth is relatively stable. therefore, short-term expectations should not be too high, and long-term growth can be expected. yang delong said that with the recovery of the market, the valuation of insurance stocks is expected to rebound significantly.