根据港交所数据，中国平安此次以每股32.0655港元的价格购入中国太保H股约174万股，涉及资金约5583.89万港 元。此次增持后，中国平安持有中国太保H股的比例从4.99%上升至5.04%，正式跨越香港《证券及期货条例》规 定的5%持股披露门槛，构成举牌。 【环球网财经综合报道】香港交易所最新披露易信息显示，中国平安保险（集团）股份有限公司（以下简称"中国 平安"）于近日增持中国太平洋保险（集团）股份有限公司（以下简称"中国太保"）H股股份，持股比例升至 5.04%，触发香港市场举牌线。 中国平安在公告中表示，此次增持为市场化投资行为，目前暂无进一步增持计划。中国太保方面暂未对此置评。 港交所要求中国平安在后续持股变动每跨越1%时继续履行披露义务。（水手） 根据香港市场规定，投资者持有上市公司H股股份比例达到或超过5%时，须在3个交易日内向港交所提交权益申 报，并公开披露持股动向。此次举牌意味着中国平安成为中国太保H股的重要股东之一，市场关注其后续是否进 一步增持或参与公司治理。 中国平安与中国太保均为中国头部保险集团，业务涵盖寿险、财险、资产管理等领域。此次增持或反映中国平安 对保险行业长期发展的信心， ...

③ 低估值+低持仓：上涨空间充足。截止2Q25 末，主动权益公募重仓保险股配置占比仅1.35%，配置系 数仅0.51（1 为平配），仍处于显著低配状态；同时险企投资收益率受权益上涨提振，或稳定保持在投 资收益率假设之上（4%），EV 置信度显著提升（无需再给予折价），而目前保险股A 股/ H 股平均 PEV 0.73x/ 0.53x, 仅在近10 年分位数的31.1%/29.4%，下行风险相对有限。在权益上涨、增量资金涌 入、基本面改善等共振下，保险股股价上涨动力充足。 投资建议：维持行业推荐评级。险资增量资金入市、权益配置比例有望进一步提升，市场上涨将推动险 企业绩稳增长；叠加预定利率下调、分红水平约束等，利差损风险亦将缓解。寿险储蓄和医养需求回 暖，报行合一和产品结构调整使NBVM 提升，NBV 有望持续增长；财险保费增速稳中有升、大灾风险 和COR 同比仍处于改善态势，业绩增长动力充足。寿险：强烈推荐投资弹性较大、业绩快速增长的新 华保险，大权重、经营边际改善且股息率较高的中国平安，业绩稳健增长的阳光保险、中国太保、中国 人寿、友邦保险；财险：强烈推荐COR 改善、分红稳定的中国财险、中国人保，以及业绩 ...

Core Viewpoint - Ping An Insurance has recently increased its stake in two listed insurance companies in Hong Kong, indicating a positive outlook on the insurance sector and a belief in the recovery of industry valuations [2][4]. Group 1: Company Actions - Ping An increased its holdings in China Life Insurance by approximately 9.5 million shares at an average price of HKD 22.4072 per share, totaling around HKD 213 million, bringing its stake to about 5.04% [2][3]. - Prior to this, Ping An also made a similar move by acquiring shares in China Pacific Insurance [2]. Group 2: Industry Insights - The act of insurance companies acquiring stakes in each other is rare and signals a deeper understanding of the insurance industry's fundamentals, suggesting an improvement in the sector's outlook [4]. - Concerns over "interest spread loss" have diminished due to regulatory efforts to lower liability costs and promote the sale of floating yield insurance products, leading to an optimization of liability costs for listed insurance companies [4][5]. - The demand for high-quality assets among insurance capital is strong, driven by declining market interest rates and regulatory encouragement for insurance funds to invest in equities [4]. - The shift in investment strategy from focusing on value stocks to including insurance stocks reflects a more aggressive investment logic and strategy among insurance capital [4]. Group 3: Market Performance and Projections - The performance of listed insurance companies in the first half of the year has shown solid fundamental support, with expectations for improved investment returns due to favorable market conditions in 2025 [6]. - The overall valuation of the insurance sector is considered low, with market institutions optimistic about the long-term investment value of insurance stocks [6]. - The anticipated reduction in preset interest rates in the third quarter of 2025 is expected to further lower new liability costs for life insurance companies, alleviating concerns over interest spread losses [6].

Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Ping An Insurance Co. of China Ltd. (PNGAY) has shown a solid price increase of 24.6% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, PNGAY's price has increased by 10.1%, suggesting that the upward trend is still intact [5]. - PNGAY is currently trading at 83.2% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - PNGAY holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like PNGAY that are on an uptrend supported by strong fundamentals [3]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8].

香港联交所最新数据显示，8月12日，中国平安人寿保险股份有限公司增持中国太保（601601） (02601)366.2万股，每股作价33.2932港元，总金额约为1.22亿港元。增持后最新持股数目约1.42亿股， 持股比例为5.1%。 ...

智通财经APP获悉，香港联交所最新数据显示，8月12日，中国平安人寿保险股份有限公司增持中国太 保(02601)366.2万股，每股作价33.2932港元，总金额约为1.22亿港元。增持后最新持股数目约1.42亿 股，持股比例为5.1%。 ...

人民财讯8月15日电，记者从港交所查询到，8月12日，中国平安系资金"举牌"中国人寿H股。当日买入 950万股，对中国人寿H股持股数量达到3.75亿股，其中，平安人寿和平安养老分别持有中国人寿H股 3.72亿股、352.2万股，合计占中国人寿H股股份的比例突破5%，达到5.04%。此前一天（8月11日）， 中国平安刚举牌了中国太保H股。 转自：证券时报 ...

Core Viewpoint - The current trend in the Hong Kong stock market shows insurance capital increasingly acquiring insurance stocks as banks fail to provide stable annual returns above 3%, indicating a strategic shift towards high-dividend assets like insurance stocks [2][5]. Group 1: Investment Actions - On August 13, China Ping An increased its stake in China Pacific Insurance (CPIC) by approximately 1.74 million shares at a price of HKD 32.07 per share, totaling around HKD 55.84 million, bringing its ownership to about 5.04% of CPIC's total H-share capital, thus meeting the criteria for a stake increase [2][5]. - Following this, on August 14, while the A-share market saw a significant decline, the insurance sector rose by 2.13%, with CPIC's shares increasing by 4.87% [2][5]. Group 2: Market Dynamics - The insurance sector is becoming a preferred investment area for insurance capital as bank stocks have been largely acquired, leaving insurance stocks as the remaining high-dividend, low-valuation options [2][5]. - The last instance of insurance companies acquiring stakes in each other occurred in 2019, highlighting the rarity of such actions in recent years [5]. Group 3: Financial Performance - CPIC reported a revenue of CNY 404.09 billion for 2024, a year-on-year increase of 24.7%, and a net profit of CNY 44.96 billion, up 64.9% [5]. - Since its listing, CPIC has distributed dividends 18 times, totaling CNY 119.28 billion, with a pre-tax dividend rate of 2.86% and a payout ratio of 23.23% [5]. Group 4: Strategic Insights - The recent stake increase by China Ping An signals that insurance capital is recognizing the insurance sector's fundamentals as stabilizing and potentially improving [6]. - Analysts note that insurance stocks possess dual dividend attributes, benefiting from both direct dividends and the performance of high-dividend assets in which leading insurers have invested [6]. Group 5: Regulatory and Market Trends - In the first quarter of 2025, insurance capital has engaged in over twenty stake increases in high-dividend sectors, reflecting a significant reallocation of over CNY 1 trillion in insurance capital [7]. - Regulatory changes have prompted insurance companies to increase their equity investments, with stock holdings reaching CNY 2.82 trillion, marking the highest proportion in recent years [8].

8月15日，港交所披露易信息显示，2025年8月11日，中国平安保险（集团）股份有限公司增持中国太保 （02601.HK）174.14万股，每股均价32.0655港元，增持总金额约5583.89万港元。增持完成后，中国平 安持股比例增至5.04%，触发举牌。 （港交所披露易） (编辑：钱晓睿) ...

Core Viewpoint - Insurance capital has recently increased its stake in China Pacific Insurance (China Taibao), marking a significant event in the insurance sector after a six-year hiatus in such actions [1][2]. Group 1: Investment Actions - On August 11, China Ping An invested HKD 55.84 million to acquire 174,140 shares of China Taibao at an average price of HKD 32.0655 per share, raising its stake to 5.04%, thus triggering the regulatory threshold for a stake increase [1]. - This marks the first instance of insurance capital increasing its stake in an insurance company since 2017, when China Life raised its stake in China Taibao [2]. Group 2: Financial Performance - For the year 2024, China Taibao reported a revenue of CNY 404.09 billion, a year-on-year increase of 24.7%, and a net profit of CNY 44.96 billion, up 64.9% [2]. - The total assets under management for China Taibao reached CNY 35,426.60 billion, reflecting a growth of 21.2% compared to the previous year [2]. Group 3: Market Reactions - Following the announcement of the stake increase, China Taibao's stock price rose by 4.71% on August 14, closing at HKD 36 per share, with a year-to-date increase exceeding 50% [2]. - The rolling dividend yield (TTM) for China Taibao is currently at 3.28% [2]. Group 4: Industry Insights - Analysts suggest that the insurance sector's fundamentals are not as weak as perceived, and the current valuations reflect the pressures on both assets and liabilities [3]. - The insurance stocks are seen as undervalued, with expectations of significant valuation recovery as the economy stabilizes and market conditions improve [3][4]. - The trend of insurance capital increasing stakes has reached a new high this year, with 28 instances recorded so far, indicating a strong preference for undervalued, high-dividend stocks [3].