FINANCE

China Insurers May Channel $145 Billion Into Stocks in 2026

Published: Feb. 24, 2026 4:05 p.m. GMT+8

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The National Financial Regulatory Administration. Photo: VCG

Chinese insurers could invest around 1 trillion yuan ($145 billion) in public equities this year, analysts said, extending a surge in stock allocations encouraged by regulators seeking to bolster capital markets.

Official data show insurance investment assets rose to 38.5 trillion yuan at the end of last year. Holdings of stocks and securities investment funds jumped 38.9% to 5.7 trillion yuan, lifting their allocation to 15.4% of the total — the highest level since mid-2022.

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Chinese insurers may invest about 1 trillion yuan ($145 billion) in equities in 2024, following similar investment in 2023.
Insurance stock and fund holdings rose 38.9% to 5.7 trillion yuan, making up 15.4% of total assets by end-2023.
Bonds remain dominant, accounting for 50.4% (18.7 trillion yuan) of insurance assets at year-end 2023.

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Who’s Who

Huatai Securities: Huatai Securities is a financial institution, and Li Jian, an analyst there, provided an estimate regarding Chinese insurers' investment in public equities. Li Jian estimated that insurers invested approximately 1 trillion yuan in secondary-market equity investments last year. This information contributes to understanding the scale of investment in the Chinese stock market by insurers.

AI generated, for reference only