Industrial Securities: The proportion of equity asset allocation of Chinese insurance funds in the third quarter is close to a historical high, increasing allocation to dividend stocks

Industrial Securities stated that in the third quarter of this year, the allocation ratio of equity assets of Chinese insurance funds significantly increased, approaching a historical high, with a substantial increase in allocations to banks, as well as dividend sectors such as steel and textiles. The investment ratio of insurance funds in stocks and funds rose sharply to 15.5% in the third quarter, very close to the historical high level of 16.1% in the first half of 2015. The investment ratios in bank deposits and bonds decreased by 0.7 and 0.8 percentage points respectively compared to the second quarter, to 7.9% and 50.3%