Under pressure for capital replenishment, the scale of bonds issued by insurance companies has once again exceeded 100 billion yuan this year. Since the beginning of this year, 12 insurance companies, including china life insurance, PICC Property and Casualty Insurance, Taikang Life Insurance, and new china life insurance, have cumulatively issued bonds totaling 105.6 billion yuan. If we include China United Property Insurance, which is in the bond issuance process, the total scale of bonds issued by insurance companies will reach 109.6 billion yuan, close to last year's total bond issuance scale of 112.17 billion yuan. The scale of bonds issued by insurance companies has exceeded 100 billion for two consecutive years, significantly surpassing previous years. In 2021 and 2022, the annual bond issuance scale of insurance companies was only 53.9 billion yuan and 224.5 billion yuan, respectively.