外资加仓中国！挪威央行成内资险企第五大股东

Group 1 - Foreign investment is increasing in China, with Norges Bank acquiring 1.3481 million shares of ZhongAn Online, raising its stake to 5.07% of H-shares and 4.92% of total shares, making it the fifth largest shareholder [1][3] - ZhongAn Online, China's first internet insurance company, has seen its stock price rise over 56.62% this year, reflecting growing foreign interest in Chinese assets [1][3] - The top five shareholders of ZhongAn Online are now China Ping An, Shenzhen Jiadexin Investment Co., Ant Group, Tencent, and Norges Bank, following significant changes in shareholding [1][3] Group 2 - Ant Group reduced its stake in ZhongAn Online from 10.01% to 7.63% after selling 33.7548 million shares, while Tencent also decreased its holdings to 5.58% [2][3] - ZhongAn Online announced a fundraising effort, issuing new shares at HKD 18.25 each, raising approximately HKD 3.9 billion, which diluted existing shareholders' stakes [2][3] - The company's total premium income for the first half of the year was CNY 13.918 billion, a year-on-year increase of 5.3%, with total premiums expected to reach CNY 33.417 billion in 2024, a 13.3% increase [3] Group 3 - The attractiveness of Chinese assets to foreign investors is driven by several factors, including robust domestic economic performance, with GDP growth of 5.3% in the first half of the year [5][4] - Financial market openness and the optimization of mechanisms like Stock Connect and Bond Connect have made it easier for foreign investors to participate in the Chinese market [5][4] - The current valuation of Chinese assets is appealing compared to U.S. markets, with the MSCI China Index trading at a forward P/E ratio of 12.5, significantly lower than the Nasdaq's 28 [5][4] Group 4 - Foreign capital is increasingly diversifying its investments in China, focusing on high-growth sectors such as technology and renewable energy, with a notable preference for high-dividend assets [7][6] - The total amount of foreign-held RMB bonds has surpassed USD 600 billion, indicating a strong interest in the Chinese bond market [7][6] - The overall trend shows that international capital is recognizing the long-term positive fundamentals of the Chinese economy, leading to a re-evaluation of Chinese assets [7][6]