The China Banking and Insurance Asset Management Association recently released the Investment Confidence Index for the Banking and Insurance Asset Management Industry in the second quarter of 2026, which showed that the macroeconomic confidence index of banking and insurance institutions in the second quarter was 58.40, the fixed income investment confidence index was 51.35, and the equity investment confidence index was 53.67.

It is understood that 168 insurance institutions and 32 bank wealth management companies participated in the above-mentioned survey. The three types of confidence index values range from 0 to 100, with 50 being the neutral value. The higher the index value, the stronger the confidence. The above three confidence indices are all above the neutral value. Among them, the macroeconomic confidence index is the highest and has increased compared to the first quarter survey results. The fixed income investment confidence index has slightly increased compared to the previous quarter, while the equity investment confidence index has decreased compared to the previous quarter.

The investment manager of a certain insurance company told a reporter from Securities Daily that the Q2 confidence index survey was conducted in mid March, and at that time, the equity market was experiencing a continuous decline due to geopolitical factors. Based on the uncertainty of changes in the external situation, the confidence of banks and insurance institutions in equity investment had declined at that time. However, since April, with the marginal easing of external disturbances, the A-share market has gradually rebounded, and institutional confidence in equity investment has also continued to rise. At the same time, the confidence index of banks and insurance institutions in the macro economy is relatively high and has increased month on month, reflecting their full confidence in the safety and resilience of China's economic development, which is also their confidence in long-term investment.

The relevant person in charge of Everbright Yongming Asset Management Co., Ltd. told the Securities Daily reporter: "Looking at it from the current point of view, the pessimistic sentiment in the market is fading, and the dawn has appeared." The person in charge believes that reviewing the market performance in March, the A-share market has shown more resilience than expected, and the endogenous driving force of China's economy and its ability to resist external shocks have provided solid fundamental support for the market. As external disturbances weaken, market risk appetite is expected to gradually recover, and the rebound in April is a testament to this trend. Looking ahead to the second quarter, against the backdrop of gradually verifying corporate profits and maintaining relatively abundant liquidity, A-shares are expected to continue their recovery trend, with structural opportunities becoming the main focus.

The person in charge further stated that the recently disclosed 2025 annual report and 2026 first quarter report of listed companies show that the endogenous growth momentum of A-share listed companies is surging. On the one hand, enterprises in fields such as AI (artificial intelligence) continue to experience high growth, with multiple companies experiencing higher than expected revenue and net profit growth rates. Some leading companies maintain high R&D investment intensity, promoting technological iteration and enhancing global competitiveness, fully enjoying the industry's high prosperity dividends. On the other hand, manufacturing giants have maintained strong momentum even after breaking through the "volume bottleneck", continuously consolidating their global market share through overseas production capacity layout and technological innovation, and becoming a typical representative of new quality productivity.

From the perspective of industrial structure, China's AI industry has initially formed a "hardware application" ecological loop, maintaining synchronous development with the global advanced level; The manufacturing industry relies on supply chain resilience, engineer dividends, and intelligent transformation to demonstrate global competitive advantages. At the same time, signs of stabilizing housing prices have emerged in first - and second tier cities, injecting confidence into macroeconomic recovery. Profit expectations for pro cyclical sectors such as consumption and finance have improved, and are expected to resonate with the growth track.