Stock position low four insurance companies run to the big city

Statistics show that this year, the four Hong Kong-listed Chinese insurance shares in addition to China's ping-an index of the stock market, the single monthly increase since May is all run away.　　In this regard, the industry believes that the small increase in Chinese insurance stocks and market judgments of insurance companies to maintain a lower stock position since this year, and this also reflects the Chinese insurance companies in the timing of the lack of capacity. Data show that, as of May 26, the four major Chinese insurance companies, China Ping An (02318. HK's share price has risen 41.3% per cent since 2009, well above the 21.9% per cent rally of the Hang Seng index, but Chinese longevity (02628). HK), China Insurance (02328.　　HK) and China Insurance International (00966.HK) have risen only 19.1%, 18.7% and 9.1% since the start of the year. Rojiming, an analyst with China Merchants Securities, believes that the Chinese insurance stocks are mainly judged by the market to judge the low stock positions of Chinese insurance stocks. And this situation is closely related to the ability of the insurance companies to choose, the major insurance companies did not seize the chance of the stock market plunge at the end of last year, increase the stock position, although the first quarter of this year,　　But a small margin. At the same time, according to the latest April industry data released by the CIRC, as at the end of April this year, the investment balance of insurance companies was 2,202,583,000,000 Yuan, the chain was reduced by 15.266 billion yuan, and bank deposits increased by 39 billion yuan in March, with a positive growth of 1,039,431,000,000 yuan in 4 consecutive months.　　If from the first 4 months of this year, the overall investment in insurance funds in February has been a reduction in the chain, until the March only appeared warmer, the chain slightly increased by 11.6 billion yuan, but to April, it is again back to the chain of decline in the state. But since April, the main game place of insurance funds ――a stock market performance, the concussion is higher is the main theme. Industry insiders pointed out that the Shanghai Composite Index at the beginning of April for 2408.02 points, until May 20 a new high of 2557.46 points, insurance funds are clearly instead Ta Kong this segment of the market.　　Here, Hong Kong's share price of Chinese insurance shares also directly reflects the response of the market, the four major Chinese insurers in May are running away from the city, and has publicly said that the proportion of fixed income investment ratio of more than 80% of China Life is a big run to the 10% index. At the same time, Rojiming study, the major insurance companies have the obvious herding effect and the tendency of chasing and falling. According to public information, in the 2005 stock market downturn in the equity investment assets of insurance companies accounted for only 7.2% of total investment assets, after 2006 years and 2007 as the stock market rose, the proportion of equity assets also continued to rise to 13.7% and 23.5%, 2008 due to a shares plunged 66%, The share of equity investment assets dropped sharply to 8%.