Research On The Investment Of Insurance Fund In Stock Market

The stock investment of insurance funds is an important way to connect the insurance market with the capital market,which is not only conducive to improving the profitability of insurance companies,but also conducive to the sustainable development of the capital market.Since China's reform and opening up,the insurance industry in China has developed rapidly and the fund utilization scale has been expanding day by day.By the end of 2018,the fund utilization balance of the insurance industry has reached 1,640.838 billion yuan.However,with the continuous development of China's insurance industry,serious homogenization of insurance products and increasingly fierce competition among industries,as well as the impact of China's economic downturn in recent years,the profitability of insurance enterprises is facing a severe test.In 2015 and 2016,some insurance institutions invested huge amounts of money in the stock market and frequently held the stocks of listed companies in China,which caused a series of turbulence in China's capital market and triggered hot social discussion.According to statistics,about 50 listed companies have been listed in the past two years,with a cost of more than 180 billion yuan,reaching an unprecedented scale of listing and becoming a landmark event in the history of China's insurance capital stock investment.Some insurance companies adopt aggressive investment methods and invest in listed companies with high leverage to meet their internal demand of "overtaking on a curve".Its aggressive investment approach has brought more variables and turbulence to the already unstable capital market,and also brought more panic to the listed entity enterprises that were already facing operational difficulties.Nowadays,with the introduction of various regulatory policies,listed companies listed venture capital listing gradually tend to rational,"barbarian" type listing behavior put to rest.With the announcement of vanke's 2018 financial report,the high investment income of baoneng makes the insurance stock investment issue widely concerned.The study on the influence of this large-scale insurance capital stock listing has certain reference significance for the future development of China's insurance capital investment stock market.In order to have a deeper understanding of the impact of the insurance investment licensing,relevant policy Suggestions are put forward.This paper mainly USES literature analysis and comparative analysis.First of all,it elaborates the background and significance of insurance fund listing,sorts out relevant studies on listing at home and abroad,and expounds the content,method,innovation and shortcomings of this paper.Secondly,the related theories are briefly stated.Thirdly,it analyzes the overall situation of insurance investment promotion from 2014 to 2016.Fourthly,the paper focuses on the analysis of the sources,characteristics and logicality of insurance fund.Fifth,baoneng system and anbound system,which have great influence on the behavior of brand raising,are compared and analyzed,so as to analyze the motivation behind the behavior of brand raising.Sixth,the paper explores the influence of venture capital listing that causes huge fluctuations in the stock market,including positive and negative effects.Finally,based on the above research data,this paper gives policy Suggestions on the investment sources of insurance stocks,leveraged trading behaviors,information disclosure issues,and the aggressive merger and acquisition investment behaviors of people acting in unison.In addition,it explores the improvement of stock investment management methods of Chinese insurance enterprises,and concludes that insurance enterprises should act as financial investors according to the policy orientation.The future stock market of insurance enterprises' investment mainly includes the combination of industry and finance and the service of the real economy.