"In the year, the decline exceeded 20%, the insurance sector highlights the undervalued value of allocation."

The average PEV of listed insurance companies in the A-share market is only 0.57, which is at the 13.7th percentile in recent years; the average PB is only 0.97, with an average expected dividend yield as high as 4.9%. Market participants say that the valuation of the insurance sector is very high, but whether it can rebound depends on three major factors: first, market risk preference for funds; second, continued improvement in the equity market; and third, stabilization and rebound of market interest rates.