May Insurance Investment Reverse negative trend is expected to continue in June

Reporter: Chen San Li, the Insurance Regulatory Commission recently announced the 1 to May business data, which,　　At the end of May, the total amount of insurance investment amounted to 2.25 trillion yuan, increased by 44.8 billion yuan last month, reversing the negative growth trend in April, while bank deposits amounted to 1.05 trillion yuan, May increased by 13.5 billion yuan, and the increase was significantly reduced from 39 billion yuan in April.　　Data show that 2009 years ago 4 months of total investment in insurance funds of 2,236,362,000,000 yuan, 2,206,277,000,000 yuan, 2,217,850,000,000 yuan, 2,202,583,000,000 yuan, in addition to the end of March investment in insurance industry than the end of February a slight increase of 11.573 billion yuan, the remaining months are negative growth. Industry insiders said benefited from the May good macroeconomic data and the current steady rise of the A-share market trend, the risk of the future is mostly more optimistic judgment, combined with the bond yield since April poor, so the recent bond allocation of insurance companies less, it is speculated that the new investment is more equity-like assets; The increase in deposits also suggests that insurers are more willing to participate in equity investments.　　They expect the June insurance business data to continue this trend. "From the bond market, the market for medium-and long-term interest rates in the bond markets continued to slow down slightly since the middle of April, driven by tightening expectations in May, increased demand for bank bonds and the continued decline in CPI and PPI Year-on-year in April. Therefore, it can be speculated that the increase of insurance fund investment in May mainly benefited from the stock market.　　"A joint securities analyst told our correspondent that as the current investment sentiment of various insurance companies is more optimistic than previously, the total investment in the insurance business figures for June is expected to increase. "Compared with the cautious conservatism of the 3 April, the good macroeconomic data of May have turned the investment strategy of risky companies back to positive, as evidenced by the fact that all the risky companies have been in the market."　　"Oriental Securities senior insurance analyst Wang told our correspondent that early June, including China Life, China Ping ' An, China's Tai Bao, etc. have increased their respective stocks and fund positions, especially the Chinese longevity of the larger scale." It is understood that, as at the end of May, the overall insurance industry stock and fund average position ratio of about 15%, and in the first three months and four months of this year, the number is 14%, 14.39%. As far as the company is concerned, Chinese longevity, China Ping ' An, China's Tai Bao Big three giants of the most obvious, its stock and fund positions are about 15%, 12% to 13% respectively.　　At the end of the quarter, the 3 companies ' equity investment ratio was only 7.98%, 7.8% and 4.7% respectively.　　In addition, the central bank recently released the "China Financial Stability Report 2009", which suggested that the insurance industry should increase the variety and proportion of bond investment, increase the stock investment subject. Some market participants believe that the central bank at this time the proposal is mainly because of worries about market risk to the high position of the risk to bring losses, there is a certain warning means. Because the increase in stock investment is to increase equity investment,Such returns are relatively stable and less risky.　　But at the same time, once the risk capital reduces the two level market investment proportion, and withdraws the partial funds from the two level market, will be disadvantageous to the market stability. To this, Wang blunt this kind of worry is anxious. "To increase the stock investment subject is indeed to increase equity investment, but strictly speaking should be unlisted company equity investment." Last November, the State Council approved the investment of insurance companies in unlisted companies, the CIRC is currently in the making of rules, estimated to be introduced in the second half. However, the liberalization of a new channel of investment does not mean that it will affect or offset the investment in stocks and funds, and the two channels are different from each other in terms of investment cycle or exit mode. Therefore, the risk capital reduces the stock market investment proportion, then affects the market stability the phenomenon does not appear. ”