Offshore RMB fluctuations and the surge of insurance capital holdings: Are the 'funding lifelines' for A-shares starting?

Offshore RMB Hibor rates have skyrocketed, and signs of foreign capital inflow are emerging; at the same time, insurance capital has already held shares in 10 listed companies by 2025, with New China Life Insurance, Ping An Life, and others accelerating equity allocation.

The resonance of domestic and foreign capital may inject liquidity into A-shares. The 'real capital' from insurance funds entering the market reflects long-term value recognition, while the inflow of offshore capital may be related to the increased appeal of RMB assets (such as A-share dividend yields exceeding those of US stocks). Focus sectors: high-dividend bank stocks (such as CITIC Bank H-shares being held by Ruichong Insurance), undervalued core assets (such as liquor and electricity). Short-term volatility does not change the medium-term upward trend; it is recommended to accumulate positions on dips.