Merrill Lynch South insurance funds not miss Hong Kong blue chip-sunny came home

Merrill Lynch: South insurance funds not hot stocks of large blue chip funds to miss column thousands thousands of stocks the latest Rating Rating diagnosis simulation trading client Sina App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future? Sina Hong Kong stocks launched "Hong Kong stocks are not attractive" big discussion, with a rational and constructive attitude, welcome to pay attention to Hong Kong stocks, people concerned about the capital market, together with Hong Kong stocks for advice and suggestions, and conspiracy of Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Merrill Lynch reported that the China Insurance Regulatory Commission announced yesterday that the insurance fund could be invested in Hong Kong and Hong Kong stocks through Hong Kong and Shanghai. The bank believed that the policy was beneficial to the insurance industry, and expected that the funds would tend to invest in Hong Kong stocks with low beta value, blue chips and high dividend yield. Merrill Lynch said that the new measures allow insurance companies to invest directly in Hong Kong stocks and no limit, and is expected to increase the South capital, especially from the past does not meet the QDII qualification of small and medium-sized insurance companies. The bank believes that the direct investment in Hong Kong stocks can avoid the third party brokers to provide a basket of Hong Kong stocks bundled investment, so the insurance company down south investment costs. With the exchange rate of the Hong Kong dollar linked to the dollar, Merrill Lynch expects China’s insurance companies to regard South investment as an exchange rate hedge, and to transfer more assets to a stronger exchange rate. Merrill Lynch quoted investment team said the insurance company, tend to invest in low beta value of the blue chips, such as AIA (01299), Tencent (00700) and HSBC (00005), because not familiar with Hong Kong stocks, so do not tend to high volatility in stock. In addition, Merrill Lynch believes that when the asset allocation adjustment takes place, the insurance companies should continue to increase investment in Hong Kong stocks with high dividend yield, in order to cope with the accounting rules change in the future. CIRC 15% insurance companies set the upper limit on the Chinese overseas assets, the current overseas investment insurance companies accounted for only 2%, of which 1% for overseas stock, 1% is the property or fixed income, Merrill Lynch expects the insurance company in the whole stock market the most ideal asset allocation should be 10% to 15%, 3% to 5% of overseas stock 10% to 12% local stocks. Merrill Lynch pointed out that China’s insurance company assets of about 12 trillion yuan, an increase of 1%, South capital means equivalent to 120 billion yuan, the funds will flow into Hongkong. Enter Sina Financial shares] discussion

美银美林:南下保险资金不容错过的港股大蓝筹 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 新浪港股APP:实时行情 独家内参   港股还值不值得投资?出现了什么问题?未来出路在哪里?新浪港股发起“港股还有没有吸引力”大讨论,以理性、建设性的态度,欢迎关注港股、关注资本市场的人士,一起为港股建言献策,共谋港股市场的明天。来稿请至hkstock_biz@sina 。   美银美林报告称,中国保监会昨日宣布保险资金可经沪港通投资港股,该行相信政策有利保险业,并预期资金将倾向投资低beta值、蓝筹股及股息回报率高的港股。   美银美林表示,新措施容许保险公司直接投资港股且不设限额,预计南下资金会增加,尤其来自以往不符合QDII资格的中小型保险公司。   该行认为,直接投资港股可避免经第三方经纪提供一篮子港股捆绑式投资,因此保险公司南下投资成本下降。加上港元汇率与美元挂钩,美银美林预期中国保险公司会将南下投资视为一种汇率对冲,将更多资产转移至以强势汇率计价。   美银美林引述保险公司投资团队表示,倾向投资低beta值的蓝筹股,如友邦(01299) 、腾讯(00700) 及汇控(00005)等,由于不熟悉港股,因此不倾向高波动性股票。   此外,美银美林认为,资产配置调整需时,保险公司应继续增加投资于股息回报率高的港股,以应付将来会计规则改例。   保监会对中国保险公司海外资产设定15%上限,目前保险公司海外投资仅占2%,当中1%为海外股票,1%属物业或固定收入,美银美林预计,保险公司于整体股票市场的资产配置最理想应为10%至15%,当中3%至5%属海外股票,10%至12%为本地股票。   美银美林指,中国保险公司资产约12万亿元人民币,增加1%南下资金意味相当于1200亿元人民币资金将涌入香港。 进入【新浪财经股吧】讨论相关的主题文章: