On July 20, three insurance institutions with over trillion yuan in asset management joined forces to support the stock market. Since July, the A-share market has experienced a round of rapid correction, especially in the technology sector. The reporter learned from industry exchanges that in the midst of sharp market fluctuations, insurance holdings as long-term capital have not been clearly relaxed. Some insurance institutions have chosen to buck the trend and increase their positions, and insurance capital continues to be optimistic about investment opportunities in technology stocks. “Recently, the market has been recovering too fast. We have increased our positions, and we have also increased our positions in technology stocks.” The person in charge of equity investment at a trillion-level insurance agency in Shanghai said bluntly that the subsequent market pullback will continue to find suitable opportunities to increase positions. Other insurance institutions still maintain high equity positions. The general manager of the investment department of a pension insurance company told the reporter, “Currently, we are still maintaining a high equity position, but we have only made some structural adjustments within the holding sector.”

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