China Insurance Asset Management Association: Stocks are the preferred investment asset for insurance institutions in the second half of this year.

According to the Zhitong Finance and Economics APP, the China Insurance Asset Management Industry Association (hereinafter referred to as the Association) recently released the results of the Investor Confidence Survey for the second half of 2025. In terms of asset allocation preferences, stocks are the preferred investment assets for Chinese insurance institutions in the second half of the year, followed by bonds and securities investment funds. Most insurance institutions expect the proportion of various asset allocations in the second half of the year to remain basically consistent with the beginning of 2025, and some insurance institutions may moderately or slightly increase their investments in stocks and bonds. This survey covers four aspects: macro environment, market judgment, allocation plans, and profit expectations. A total of 122 insurance institutions participated, including 36 insurance asset management institutions and 86 insurance companies.