Xinhua Insurance Vice President Qin Hongbo: Emphasize the value of allocating high dividend stocks. Decisions on whether to increase the scale of acquiring stakes in the second half of the year should be made cautiously.

At the mid-term performance release conference of New China Insurance in 2025, regarding the issue of whether to increase equity allocation in the second half of the year, Vice President of New China Insurance Qin Hongbo responded that as the center of interest rates decreases, the safety margin of fixed-income assets is thinning significantly, while the cost on the liability side has great rigidity, and the industry faces enormous pressure from interest rate spreads. Facing these challenges, New China Insurance will link assets and liabilities, match ultra-long-term bond cycles in fixed-income assets, strengthen the trading capacity of fixed-income investments, thicken the overall portfolio returns through multiple varieties and strategies combinations; in terms of equity investments, optimize the allocation structure to achieve excess returns under effective volatility control, the company will pay more attention to the value of high dividend stocks. At the same time, under the new accounting standards, profits will be smoothed by transferring them to the OCI account; secondly, actively support strategic emerging industries. Regarding the market's attention to shareholding, the company will comprehensively consider the macroeconomic environment, the product value and matching degree of specific targets on the liability side, as well as the company's own strategic alignment and operational needs to make informed decisions.