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险资巨头,“扫货”银行股!
Zhong Guo Ji Jin Bao·2025-06-12 04:12

Core Viewpoint - China Ping An has increased its stake in Agricultural Bank of China H-shares, now holding approximately 4.658 billion shares, representing 15.15% of the total shares [1][3]. Summary by Sections Investment Activity - On June 6, China Ping An purchased 63.534 million shares of Agricultural Bank H-shares at an average price of 5.3126 HKD per share, totaling approximately 338 million HKD [3]. - After this transaction, the total shares held by China Ping An in Agricultural Bank H-shares reached about 4.658 billion [3]. - As of June 11, 2023, China Ping An and its subsidiaries collectively hold over 42% of Agricultural Bank H-shares [3]. Shareholding Changes - The shareholding percentages for China Ping An and its subsidiaries have significantly increased this year: - China Ping An's stake rose from 5.05% on January 7 to 15.15% on June 6 [3]. - Ping An Asset Management's stake increased from 5.03% on January 3 to 15.09% on June 5 [3]. - Ping An Life's stake grew from 5% on February 17 to 12.03% on May 29 [3]. Broader Investment Trends - In addition to Agricultural Bank, China Ping An and its subsidiaries have also invested in other H-share banks, including Industrial and Commercial Bank of China, Postal Savings Bank of China, and China Merchants Bank, with respective holdings of 54.21%, 33.04%, and 42.23% [3]. - Insurance capital has been increasingly active in the market, with nearly 20 instances of significant share purchases this year, over 10 of which were in bank stocks [6]. Market Context - The banking stock index has risen over 12% year-to-date, reaching new historical highs for several banks [6]. - Analysts suggest that the frequent buying of state-owned banks by insurance companies is a strategic decision influenced by factors such as dividend yield, tax advantages, and regulatory requirements [6]. - The stability and high dividend yield of bank stocks are seen as beneficial for insurance companies to match their asset-liability profiles and mitigate market volatility impacts on profit statements [6].