2 1 Shi Ji Jing Ji Bao Dao·2025-07-16 02:01Core Viewpoint - China Life Insurance is gradually exiting its investment in Hangzhou Bank, while New China Life Insurance has made a significant entry by acquiring shares, indicating a shift in the insurance sector's investment strategies in the banking industry [1][4]. Group 1: China Life Insurance's Share Reduction - China Life Insurance plans to reduce its holdings by 50,789,400 shares, representing 0.7% of Hangzhou Bank's total shares, and will no longer hold any shares post-reduction [2][3]. - The total investment cost for China Life Insurance in Hangzhou Bank is approximately 1.635 billion yuan, with total realized gains from previous reductions amounting to 3.042 billion yuan [2][3]. - The reduction process has been ongoing since 2021, with significant reductions in shareholdings occurring in November 2021 and March 2023, leading to a gradual decrease in ownership from 3.86% to 0.7% [3]. Group 2: New China Life Insurance's Entry - New China Life Insurance acquired 330 million shares of Hangzhou Bank from the Commonwealth Bank of Australia for approximately 4.317 billion yuan at a price of 13.095 yuan per share, becoming the fourth largest shareholder [4][5]. - Following the acquisition, New China Life Insurance holds a total of 357 million shares, representing 5.63% of Hangzhou Bank's total shares as of April 14, 2025 [4]. - The investment is aimed at optimizing asset allocation, enhancing long-term equity investment, and improving the company's competitive edge in financial services [5].