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

The report from Industrial Securities indicates that in the third quarter of 2023, the proportion of equity asset allocation of Chinese insurance funds significantly increased to 15.5%, approaching a historical high. The allocation in dividend sectors such as banking, steel, and textiles and apparel has significantly increased. Meanwhile, the investment proportions in bank deposits and bonds have decreased to 7.9% and 50.3%, respectively