Chinese Insurers Log Over 10,000 A-Share Research Visits This Year

The scale of insurer research activity signals that long-horizon institutional capital is doing diligence on hard-tech rather than chasing momentum, which matters because insurers' allocations tend to move slowly and persist. The emphasis on components, machinery and integrated circuits suggests a deliberate tilt toward policy-priority manufacturing, not a broad A-share re-rating. Whether this research converts into actual positioning, or stays exploratory while valuations and earnings visibility are assessed, is the open question to watch.