Jin Rong Shi Bao·2025-08-20 03:21Core Viewpoint - Insurance funds are increasingly engaging in shareholding actions, with a notable rise in the frequency of such activities compared to the previous year [4]. Group 1: Recent Shareholding Actions - On August 11, Ping An Insurance purchased 1.7414 million shares of China Pacific Insurance at an average price of HKD 32.07 per share, increasing its stake from 4.98% to 5.04%, triggering a shareholding action [1]. - On August 12, Ping An Insurance further increased its stake in China Life Insurance to 5.04%, also triggering a shareholding action [2]. - On August 13, China Pacific Insurance announced its shareholding action in Dongyangguang Pharmaceutical, while Minsheng Insurance increased its stake in Zheshang Bank, triggering shareholding actions [3]. Group 2: Frequency and Trends - As of the report date, insurance funds have engaged in 28 shareholding actions this year, significantly surpassing the 20 actions recorded for the entire previous year [4][7]. - The increase in shareholding actions is attributed to multiple factors, including policy benefits, regulatory improvements, and the need for stable returns and asset optimization [7]. Group 3: Market Reactions and Implications - The recent shareholding actions by Ping An Insurance have led to a strong market response, with China Pacific Insurance's A-shares rising by 4.87% and H-shares by 4.71% as of August 14 [6]. - Analysts suggest that the actions reflect a re-evaluation of the insurance sector's value and indicate growing confidence in the industry's fundamentals [6]. Group 4: Future Outlook - The trend of insurance funds engaging in shareholding actions is expected to continue, supported by ongoing policy benefits and a favorable market environment [9]. - The diversification of shareholding methods, including participation in IPOs and asset swaps, highlights the flexibility and long-term investment focus of insurance funds [8].