Zhongtai Securities: The scheduled interest rate research value has continued to rise for two consecutive quarters. It is difficult for the insurance industry to see a mid-term "speculative halt in sales".

Zhongtai Securities released a research report stating that the Research Value of the scheduled interest rate has risen for two consecutive quarters, making it difficult for a "short-selling frenzy" to appear in the medium term. Since late June, the overall sector has shown a trend of rising bottom hub with three companies entering and two exiting, and it is expected that the balance of funds will continue. The catalyzing effect of mid-year reports on the sector is expected to boost investment enthusiasm in July. This year, the pace of the insurance sector has been clearly out of sync with the market. Against the backdrop of the obvious dominance of the technology growth style, undervalued insurance sectors have not been favored by funds. The bank believes that in the short term, the pressure from fund selling will ease, in the medium term, the movement of deposits and the slow bull market will boost value and profit growth, and in the long term, the realization of the positive cycle will eliminate concerns about yield spread losses. The framework of the big logic of deposit relocation on the liabilities side and the continuous slow bull market on the assets side is the long-term logical basis of the insurance sector.