"In the second half of 2024, the A-share index is expected to reach a new level," said Fu Jingtao, chief analyst of A-share strategy research at SWHY on June 20. Regarding the capital side, Fu Jingtao said that the "New Nine Policies of the Country" may bring trillions of incremental funds to A-shares. Fu Jingtao explained that in 2016, the incremental fund from foreign investment under the reform of A-shares opening to the outside world reached trillions of yuan, and the incremental increase in domestic institutional investors was also trillions of yuan. The incremental funds under the "New Nine Policies of the Country" may come from the increase in insurance equity allocation ratio. "Optimistically, the proportion of insurance equity allocation may exceed 20% eventually. Increasing the proportion of insurance allocation cannot do without the newly added stable dividend assets. According to calculations, to meet the demand for incremental insurance allocation, the total market value of high-dividend stocks held by insurance companies may need to double." Fu Jingtao said. (The Paper)"