Total insurance a57ets shrink 70.5 billion per cent suspects dragged down earnings lo57es on investments

Reporter Ye Qi Beijing House every night rain leakage. For April's insurance industry, not only premium growth remained sluggish, also met with a total assets shrink for the first time this year. According to the China insurance regulatory Commission announced the latest, at the end of April, China's total insurance assets reached 5.3359 trillion, earlier than 5.7%, but per cent at the end of March decreased by $ 70.5 billion. The same period, the bank balance of $ 1.5268 trillion for the insurance industry, $ 98.9 billion reduction in per cent, while insurance capital investment of $ 3,422,570,000,000, increased by $ 32.6 billion per cent. Recommended reading insurance weekly: increased warehouse investment over 30,000,000,004 months insurance funded deposits moved near billions of cast even insurance May then case Waterloo income differentiation country life cast even insurance success escape top 5 name foreign executives joined China peace Qian May Beijing insurance intermediary was penalty million history with shares mass insurance holding 20% Qiming: shocks city in the how mining Daniel unit side is insurance funds by holding bank deposits a modified continuous several months continued increased of trend and sudden reduction, side is investment efforts of increased, this cannot help but raised has market on insurance funds "copy end" of guess. Total insurance assets shrink, also, means that the stock market crash since April has also always explore a way precise risk funding unfortunately cover? Risk capital April bargain gallon on May 30, as the blue-chip benchmark of industrial and commercial bank (601,398, unit) sudden volume rose, rose more than 4%, agricultural Bank, construction Bank, Bank also followed up about 2%, which led to market insurance funds "FireWire increased bunker" speculation. Bank shares have been popular favor risk capital, in the first quarter of this year is funded substantially by insurance holdings of stocks is based on the bank stocks dominated the market for blue chips, where industrial and commercial bank, China Construction Bank and agricultural Bank of China respectively being overweight 1.061 billion, 692 million and 413 million units. In the three largest insurance giant this year in interest since such investment is most active in ping an of China (601,318, unit), not only spend more than 3 billion in the first quarter of billions of dollars to increase its stake in ICBC, agricultural Bank of China, China Construction Bank also had overweight. According to one large fund companies internal sources, about ping an of China in early April the stocks and funds set gallon more than 10 billion, its interest such positions elevating 2%-3%, and China life insurance since April small purchase equity and index funds. In fact, in the data since October 2010, clear changes in the investment of insurance funds, bank deposit relationships and the trend of the stock market. In last year October of rose market in the, insurance added investment 101.1 billion yuan, bank deposits reduced 900 million Yuan; November, stock index callback, added investment down to 22.7 billion yuan, bank deposits reduced 20.7 billion yuan; December, stock market continues to shocks, added insurance investment reduced has 35.497 billion yuan, and added bank deposits 105.6 billion yuan; this year January, stock index touch end rebound, insurance investment substantially increased 129.1 billion yuan, bank deposits reduced 30 billion yuan; February and March, stock market still does not clear, investment amount respectively increased 24.3 billion yuan and 22.7 billion yuan, bank deposits is respectively growth 99 billion yuan and 165.8 billion yuan. In April, stock index rises before inhibition, insurance investment continues to maintain the momentum of one-month increase in bank deposits increasing trend has changed for several months. Insurance funds the shift of the main alignment of what is a bond or a stock market? According to the China insurance regulatory Commission statistics, 2009 and 2010, bond is the first investment of insurance funds, has a 51% asset allocation. But up to the first quarter of this year, insurance bond investment ratio of only 46.7%, the lowest since December 2007, its investment ratio is monthly also reduce potential. Debt in network data since April, bond yields volatile, so insurance capital's bond holdings does not significantly increase April insurance company managed by up to $ 8.2 billion in bonds and $ 11.5 billion of net investment amount than $ March of halving the proportion of net investment amount. So, if the money flow is mainly of the stock market, this market in early April at that time an outgoing domestic insurance funded bargain pick up of messages are correlated. "Fund in April, the gallon jiancang and risk capital are more obvious. Apart from a few big gallon, many small and medium-sized insurance companies have to follow up. Course for the entire insurance investment not drastic, but position level than 13.8% in the first quarter rose by two percentage points at an above average level. "A brokerage analyst told reporters. Reporter on several insurance companies assets management Department Survey shows that insurance enterprises surveyed most represents does have gradually gallon moves since April, but adjustable warehouse of action more chips more concentrated in the banking, energy, chemical, pharmaceutical, and underestimated the value section. There is a Department of insurance companies ' assets but also said, the company has been in a defensive in investment this year, about positions at 12%, are still dominated by watching, waiting for clear signals the end of see. "Although the short-term market situation is not clear, but the probability of medium-and long-term upward is greater, and insurance funds for long-term considerations, bargain intervention is not surprising. "Duiwaijingmaodaxue Xu Gaolin said in an interview with reporters, Professor of insurance, insurance statistics the aperture is wide at any point, differentiation of risk capital is also, in addition to the stock and bond markets, real estate investment, equity investment and, more recently, housing investment protection, are likely to shunt this part of the funds. Income losses burdened assets amounting to $ 32.6 billion total investment growth, but less total 70.5 billion worth of assets far above that figure, shrinking come from? Xu Gaolin said total insurance assets reduced usually come from investment losses and payment of expenditure increases, this is still the two major reasons for this. On April 19 huzhi gateway to fall 3,000 point integers on May 30, decreases over the a-share market has experienced since the beginning of this year's biggest, index decrease of 11.48%, szse Chengzhi decrease of 11.72%, decreases in metal and Nonmetal, petroleum chemical industry, machinery and equipment, and such industry happens to be risk capital stocks distribution up to the industry. Wind data shows that insurance institutions in the first quarter total circulation in 553 companies top ten shareholders appear in which new cartridge unit 312, holdings stock 94, cycle class a stock is its configuration key。 According to the reporters to a rough statistics, in 553 insurance capital stocks, decreased since April 19, at least more than 80% units of overall risk position in value of more than $ 50 billion to be financed. "April the stock market has a callback, interest impact of such investment losses to total assets should be on the larger, including stocks, higher investment and even insurance accounts for the Fund generally decreases. "A brokerage analyst told reporters. Warburg securities research data show that in April 2011, the vast majority of investment and even the danger and serious losses to the accounts, monthly average earnings in the account form-1.29%. 191 vote by statistics even in the insurance accounts, only 61 accounts to achieve positive return, including investment and even the risk of radical account in-2.55% of average income runs to lose the market. Since the insurance funds to 1.07% rate of return on investments in the first quarter score for nearly four years of a new low, since April is still not out of the dilemma of investment income. Reporters access to several major life insurance company Web site found that Kunihisa, peace, Turbo, Xinhua and Taikang universal insurance settlement rate respectively, 4.05%, 4.05%, 4%, since April, changes in Central Bank interest rates are not, there is increasing bank deposits of the gap. "Universal insurance settlement rate generally 3 years or 5-year deposit rates as a reference, settlement after the interest rate does not increase the interest rates, notes April insurance funds investment income remained poor. "The above analysts of securities companies. In addition, the China insurance regulatory Commission data shows April monthly premium to $ 109.1 billion, claims expenditures to $ 31.2 billion, while March premium income as the $ 153.5 billion, claim expenditures to $ 37.3 billion. "If the growth rate of expenditure outgrowing revenue premiums of insurance damages, can lead to total assets declined. "Xu Gaolin think.