BEIJING, Sept. 1 (Xinhua) -- China's top five A-share listed insurance companies, including China Life (601628.SH), Xinhua Insurance (601336.SH), Ping An Insurance (601318.SH), The People's Insurance (601319.SH) and China Pacific Insurance (601601.SH), achieved a total investment income of 299.514 billion yuanin the first half of 2021, according to their interim reports, the Shanghai Securities News reported Wednesday.
Among them, China Life's total investment income was the highest in the first half of the year, reaching 117.638 billion yuan, a year-on-year increase of 22.4 percent. During the same period, Xinhua Insurance's total investment income grew the fastest to 31.12 billion yuan, with a year-on-year increase of 48.1 percent.
In 2021, insurance companies face great challenges in strategic asset allocation. The performance of various assets in the financial market has been affected by many factors, including macro fundamentals, regulatory policy changes, improved liquidity margins, valuation levels, and market sentiment, said Zhang Di, chief investment officer of China Life.
It's reported that the bond investment is still the "ballast stone" of major insurance funds. The allocation ratio of bond investment in the first half of the year is generally around 40 percent and the position of equity investment in stocks and funds declined slightly.
According to Chen Dexian, chief investment officer of Ping An Insurance Group, the company currently invests more in bonds and capital markets. In the future, it will moderately increase its investment in dividend-paying and rent-collecting assets, including office buildings, infrastructure, long-term rental apartments, public rental housing, industrial parks, logistics and data centers.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
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