平安人寿年内第四次举牌农行H股，持股达20%

Group 1 - The core point of the article is that Ping An Life has increased its stake in Agricultural Bank of China H-shares to 20%, triggering a mandatory disclosure under Hong Kong market rules [1] - This is the fourth increase in 2025, with previous increases occurring in February, May, and August, reaching 5%, 10%, and 15% respectively, each triggering a disclosure [1] - According to the China Insurance Industry Association, the number of times insurance funds have increased stakes in listed companies exceeded 30 in 2025, showing a significant increase compared to previous years [1] Group 2 - The financial sector, particularly banks, has become a core focus for insurance capital in terms of stake increases [1]