平安人寿2025年四度举牌农行H股，险资年内举牌7家银行

Group 1 - Ping An Life increased its holdings in Agricultural Bank of China (ABC) H-shares to 20% of the total H-share capital by acquiring 95.582 million shares on December 30, 2025, marking its fourth stake increase in 2025 [1] - From February 17 to December 30, 2025, Ping An Life cumulatively acquired over 4.69 billion H-shares of ABC, bringing its total holdings to approximately 6.18 billion H-shares by the end of December [1] - In addition to H-shares, Ping An Life entered the top ten shareholders of ABC A-shares in Q3 2025, holding 4.913 billion A-shares by the end of September, which could lead to total holdings of at least 11.09 billion shares (3.17% of total capital) if no reduction occurs in Q4 [1] Group 2 - In the A-share market, insurance funds continued to increase their stakes in bank stocks, with five insurance companies entering the top ten shareholders of six A-share listed banks in Q3 2025 [2] - China Life became a top ten shareholder in both Industrial and Commercial Bank of China and Nanjing Bank, while other insurers like Lian'an Life and Dongwu Life also entered the top ten of various banks [2] - By the end of September 2025, at least two insurance companies appeared in the top ten shareholders of 12 listed banks, indicating a growing trend of insurance capital in the banking sector [2]