Due to the increasing adoption of smartphones and mobile devices, coupled with the rising internet penetration, the evolution of IoT witnessed immense growth in the recent years. With the increasing demand for IoT solutions, the number of devices connected to the IoT networks is expected to increase substantially. Therefore, this is expected to drive the scope for testing of devices, along with the supporting software. The growth of IoT and connected devices is majorly driven by emerging applications and business models supported by declining device costs and standardization. According to Ericsson’s mobility report, out of the projected 29 billion connected devices, by 2022, 18 billion are expected to be related to IoT.

月度行情复盘：行情走势偏弱，低估值板块静待轮动。截至 6 月 29 日，保险 指数较上月底上涨 0.75%，跑输大盘（沪深 300）5.52pct，表现位列 Wind 二 级行业倒数第 2 位，年初至今累计跌幅为 17.52%，跑输大盘 18.47 个百分点。 各公司 6 月单月涨跌幅分别为：-0.09%（太保）、0.3%（新华）、0.42%（平 安）、1.93%（人保）、6.25%（国寿），同期沪深 300 涨跌幅为 6.28%。伴随 着 6 月市场整体行情向好，外资继续小幅流入中国平安。截至 6 月 29 日，中 国平安沪港通年内成交总额 1292 亿元，累计净卖出额 60.8 亿元，6 月单月净 买入 14.11 亿元，环比增长 1.38 倍。沪港通持股占平安流通股比重 7.47%，较 上月底上升 0.19pct。

寿险 2020 年 1-5 月实现原保费收入 13,635 亿元，同比增长 2.9%，保持正 增长趋势，较前 1 月保费增速上涨 1.4 个百分点；5 月单月同比增速为 16.4%，疫情影响消除，连续 2 个月保费正增长。健康险 1-5 月实现原保费 收入 3,927 亿元，同比增长 20.3%；单月同比增速 18.9%，单月同比增速小 幅度上升且总体稳定，行业保费增速持续修复。

保险协会联合中国医师协会发布二次重疾定义征求意见，本源上解决理赔争 议。行业静待重疾定义及配套发生率出台，2020 年注定是保险行业新旧产 品切换年。

5 月新单件数和新单保额增速继续回落。保险业 5 月销售新单 45.5 亿件，同比下滑 6.1%，虽然增速略有回落，但环比增长 12.0%，维持在较好水平，说明保险销售正逐渐恢复正常。5 月承 保保额 511 万亿，同比增长 0.2%，增速回落 25.7pct，增速高于 新单件数增速-6.1%。从年累计数据看，2020 年 1-5 月，累计新 承保保额 3279 万亿，同比增长 31.2%，增速回落 7.9pct，其中 人身险 612 万亿，同比增长 21.0%，财产险 2667 万亿，同比增长 33.8%，占整体比例为 81.3%。

With the increasing complexity around online adver tising, coupled with the premium pricing charged for ad blockers, marketing and adver tising companies are looking for alternative solutions that will enable them to display their adver tisements or messages. This presents the DOOH market with a lucrative oppor tunity, which may boost its adoption over the forecast period. According to the Outdoor Adver tising Association of America (OAAA), in 2018, the top spenders, in terms of OOH, included Geico, Netflix, Google, American Express, Apple, McDonalds, Metro by T-Mobile, Amazon, M&Ms, Chevrolet, Facebook, and Universal Pictures, among others, with Apple and McDonalds retaining their top spots. The mobile location marketing is gaining traction, as it enables billboard owners to offer more informed choices regarding ad placements to the companies wanting to place the ad. This is expected to increase the adoption of DOOH over the forecast period

Biometrics have rapidly established itself as the most per tinent means of identifying and authenticating individuals in a reliable and fast way, using unique biological characteristics. The global biometrics market is increasing at a rapid pace owing to the need to combat the rising security challenges. Fingerprint, facial recognition, eye/iris recognition, and voice recognition are being used to authenticate the consumers today. The increasing connectivity and digitization have increased customer interactions with devices and services, which is further demanding identity authentication for access. The increasing awareness of the need for sophisticated biometric security, widening the scope of applications of biometrics technology in consumer electronics, to improve customer experiences, and technological advancements are expected to drive the growth of the market over the forecast period. Rising demand for ease and convenience, availability, and reachability of biometrics is expected to create opportunities for the market fur ther. According to the findings of a survey commissioned by VISA, consumers are ready to leave the password behind. 70% of consumers believe that biometrics are always more comfor table as they do not involve memorizing passwords. More than 65% of consumers are already familiar with biometrics, while 86% are interested in using biometrics to verify the identity or to make payments. The rapid proliferation of the internet and the growth of mobile devices has led to increased payments through mobile. This mode of payment is anticipated to experience significant growth over the next few years.

6 月12 日，证监会发布通知拟对《证券公司股权管理规定》及《关于实施<证券公司股权管理规定>有关问题的规定》进行修改。

疫情影响下，机构对权益市场预期悲观，活跃度回落，券商盈利前景不确定性增加，板块跑输市场。1-5月整体业绩+14%。

当前我国券商行业将面临外资券商的直接竞争。随着2020 年3 月证监会明确取消证券公司外资股比限制出台，自今年4 月1 日起外资持有证券公司股份比例限制被取消，已有摩根大通证券、摩根士丹利华鑫证券、瑞信方正证券、瑞银证券、高盛高华证券、野村东方证券等公司的外资股东取得51%以上股权，外资券商在业务牌照方面也将享受与内资券商相同的国民待遇，我国证券行业进入了外资与内资同台竞争的时代。