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  备受关注的保险资金长期股票投资试点迎来新进展。

  4月16日,泰康资产管理有限责任公司(以下简称“泰康资产”)表示,泰康资产关于发起设立全资私募基金管理子公司泰康稳行私募基金管理有限公司(暂定名,以下简称“泰康稳行”)的申请已获得国家金融监督管理总局批准。

  目前,第一批险资长期股票投资试点的500亿元资金全部投资完成,加上第二批的获批金额,我国险资长期股票投资试点规模总量已增至1620亿元,参与试点的保险公司也从2家增至8家。随着泰康稳行的申请获批,预计约120亿元新增长期资金有望在近期进入股市,此外,还有1000亿元长期资金有望逐步入市。

  今年1月份,国家金融监督管理总局批复开展第二批长期股票投资试点。泰康人寿保险有限责任公司(以下简称“泰康人寿”)等保险公司及相关保险资产管理公司获准以契约型基金方式参与试点,开展长期股票投资,发挥长期资金、耐心资本作用,助力资本市场平稳运行。

  据了解,泰康稳行将作为基金管理人向泰康人寿定向发行契约型私募证券投资基金,泰康人寿作为单一持有人,首期投资规模预计为120亿元。该基金作为长期投资试点基金,将以基本面分析为出发点,精选境内外市场中的优质上市公司,在科学、严格的管理风险前提下,追求基金资产的中长期稳健增值。

  泰康资产相关负责人表示,设立泰康稳行旨在响应保险资金长期投资改革试点,进一步增加符合保险资金投资策略的长期投资资产,优化新会计准则下保险资金资产负债匹配,提高资金使用效率。

  今年1月份,中央金融办等六部门联合印发的《关于推动中长期资金入市工作的实施方案》提出,要“提升商业保险资金A股投资比例与稳定性”“抓紧推动第二批保险资金长期股票投资试点落地,后续逐步扩大参与机构范围与资金规模。”

  公开信息显示,保险资金长期股票投资试点始于2023年10月份。第一批获批试点的是中国人寿保险股份有限公司、新华人寿保险股份有限公司,两家公司各出资250亿元,设立规模500亿元的公司制基金,即鸿鹄志远(上海)私募投资基金有限公司,该基金也是首家险资系私募证券投资基金。据介绍,截至今年3月份,全部500亿元资金已投资落地,并取得了风险低于基准、收益高于基准的良好业绩。

  北京排排网保险代理有限公司总经理杨帆对《证券日报》记者表示,保险公司相继获准设立私募证券基金,为保险资金运用开辟了新路径。从长期投资角度看,这一政策突破将带来三方面积极影响:一是进一步丰富险资的投资选择,为资产配置提供更多灵活性;二是有助于提升投资组合的收益潜力;三是通过多元化布局降低整体投资风险。对保险机构而言,这一举措不仅能强化市场竞争力,推动业务创新升级,更能充分发挥险资长期稳定的优势,更精准地对接实体经济融资需求,实现金融与产业的双赢发展。

  对外经济贸易大学创新与风险管理研究中心副主任龙格表示,险资长期股票投资试点取得新进展,可以助力险资机构优化资产配置结构,提升权益投资比例,分散风险并获取长期收益,同时也能发挥耐心资本的优势,通过长期持有优质资产(如高股息蓝筹股)稳定资本市场,支持科技创新及国家战略。此外,这一试点还能助力保险公司降低市场短期波动对利润和偿付能力的影响,同时拓展投研能力边界,响应政策导向,提升行业竞争力。

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