Looking back on the way we came, forge ahead and move forward. In 2023, more than half of the time train journey, in this half year, Xinhua Insurance’s assets and liabilities are driven by two wheels, and the scale and value go hand in hand. The investment side has won steadily, and the return rate of major assets has exceeded the market benchmark; Xinhua Asset was shortlisted for the first time in the top 500 global asset management companies of IPE, ranking 120th.
The continuation scale of portfolio asset management products
Ranked No. 1 in the industry
In the first half of 2023, the scale of Xinhua Assets’ entrusted third-party business has grown steadily, and the scale of managed products has grown rapidly. Judging from the latest data from China Baodeng, the scale of Xinhua asset portfolio asset management products ranks first among insurance asset management institutions. By the end of 2022, the scale of entrusted third-party assets under management will reach 479.6 billion.
Total investment yield 5.4%
In the first half of 2023, New China Insurance’s investment side withstood the pressure, took the initiative to seize market opportunities, and achieved a good annualized profit and loss caliber rate of return under the new standard. The 10-year average total investment yield from 2013 to 2022 is 5.4%, and the average total investment yield in the past four years is 5.15%, ranking among the top in the industry.
Equity investment outperformed the market
Hong Kong Stock Connect has outstanding performance
In the first half of 2023, New China Insurance’s equity investment outperformed the market, A shares and funds achieved relatively excess returns, and Hong Kong Stock Connect outperformed the Hang Seng Index. In 2022, Xinhua Asset’s Hong Kong Stock Connect investment will achieve a return rate of 4.65%, which is significantly ahead of the market index; the investment scale will exceed 30 billion, ranking firmly in the forefront of the Hong Kong stock market. From 2020 to 2022, the cumulative return rate of Xinhua Assets Hong Kong Stock Connect will outperform the benchmark by about 41%.
Fixed income investment
Grasp the market conditions
In the first half of 2023, Xinhua Insurance’s fixed-income investment grasped the market conditions, and the weighted yield to maturity of corporate bonds was good. The term structure is mainly in the medium term, outperforming the market, and better grasping the current round of bond market conditions.
Alternative investments perform well
In the first half of 2023, New China Insurance’s alternative investment performance is good, and the company’s self-operated equity investment has accumulated DPI (paid-in capital ratio), IRR (internal rate of return), and return multiples. Dividend special reserve assets maintained a relatively high level, further consolidating the foundation of dividend realization rate.
Investment asset scale
climbed to 1.2 trillion
New China Insurance’s asset side has achieved leapfrog development, and the scale of investment assets has continued to reach new levels, rising from 839.4 billion in 2019 to 1.2 trillion, with a compound annual growth rate of 12.7% in the past four years.