Xin Lang Cai Jing·2025-08-14 03:53Core Viewpoint - Recently, Minsheng Life Insurance increased its stake in Zheshang Bank, triggering a mandatory disclosure due to surpassing the 5% ownership threshold in the bank's H-shares [1][4]. Group 1: Minsheng Life Insurance - Minsheng Life Insurance acquired 1 million shares of Zheshang Bank's H-shares on August 11, spending approximately 2.77 million HKD [1]. - Following the purchase, Minsheng Life's total holdings in Zheshang Bank's H-shares rose to 296 million shares, representing 5% of the total H-share capital [1]. - Minsheng Life Insurance is controlled by Wanxiang Holdings, which holds a 37.32% stake in the insurance company [1]. Group 2: Zheshang Bank - Zheshang Bank reported a revenue of 17.105 billion CNY for the first quarter, a decrease of 7.07% year-on-year, while net profit increased by 0.61% to 5.949 billion CNY [3]. - As of the end of the first quarter, Zheshang Bank's total assets reached 3.44 trillion CNY, reflecting a growth of 3.54% from the previous year [3]. - The bank's non-performing loan ratio stood at 1.38%, unchanged from the end of the previous year, with a provision coverage ratio of 171.21% [3]. Group 3: Insurance Sector Activity - In recent years, Zheshang Bank has seen increased investments from various insurance companies, including a significant stake acquisition by Baidian Life at the end of 2020 [4]. - In May 2023, Taiping Life and Shandong Guoxin jointly participated in a share auction for Zheshang Bank, spending nearly 1.6 billion CNY to acquire 709 million shares [4].