Financials Jul 30, 2021 07:15 AM (GMT+8)
By the end of the second quarter, the market value of the shares held by public funds in insurance stocks had fallen to the "freezing point", only RMB 33.3 billion, a new low since 2017. Generally speaking, public funds adopt the position strategy of "minority + concentration" for insurance stocks. By the end of the second quarter, the insurance stock positions of public funds were mainly concentrated in China Ping An and China Pacific Insurance, with the market value of shares accounting for 82% and 14% of the insurance sector respectively; In addition, the total market value of public funds' positions in China life, Xinhua insurance and PICC accounted for 4%.
This text is a result of machine translation.