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年内15次举牌 险资看上银行股
Jin Rong Shi Bao· 2025-06-16 08:10
对此,太保资产总经理余荣权在中国太保(601601)2024年度业绩发布会上表示,保险业举牌现象越来 越多,主要是基于港股市场的高股息,这对净投资收益的带动是有明显提升的。 "H股的估值较A股呈现出一定的折价,增值空间更大,且通过港股通投资还有一定的税收优惠,因此是 保险资金增配的关注点。"普华永道中国金融行业管理咨询合伙人周瑾在接受《金融时报》记者采访时 表示,保险资金之所以选择银行股是因为上市银行普遍经营稳健,股票流动性好,股息率较高,分红稳 定且还具有升值空间。 从保险资金举牌的交易方式来看,二级市场买入仍是主流,如平安人寿举牌港股银行股均通过旗下平安 资管用竞价交易的方式在港股二级市场买入。除此之外,还有股份转让协议、非公开发行认购、认购增 发股份等交易方式。如新华保险(601336)举牌杭州银行和中邮人寿举牌东航物流均是通过股份转让协 议完成。阳光人寿则通过参与非公开发行认购的方式举牌了中国儒意港股。 在金融管理部门主动为保险资金松绑鼓励入市的大背景下,保险资金举牌潮正在如火如荼进行中。《金 融时报》记者根据中国保险行业协会网站披露的数据以及公开信息整理发现,截至6月13日,今年以来 共有7家保险公 ...
险资,继续“扫货”银行股!
证券时报· 2025-06-12 04:04
中国平安扫货银行股仍在继续。 再度买入6353.4万股后,中国平安近日对农业银行H股的持股比例升至15.15%。 港交所披露易显示,6月6日,中国平安买入6353.4万股农业银行H股,每股均价5.3126港元,耗资约3.38亿港元,此次交易后,中国平安所持农业银行H股股份达到 约46.58亿股。 以农业银行H股6月11日收盘价5.55港元计算,目前中国平安持有农业银行H股的市值达到了258.5亿港元。 中国平安对于银行股的兴趣远不限于此。证券时报·券商中国记者梳理显示,除了农业银行H股,中国平安还重仓持有招商银行H股、邮储银行H股、工商银行H股和 建设银行H股。 平安重仓多家大行H股 披露信息显示,中国平安所持农业银行H股股份由多家子公司持有。其中平安人寿持股39.44亿股,平安财险持股约6.91亿股。这意味着平安人寿在5月12日达到10% 举牌线后,至今一直在持续增持农业银行H股。 梳理中国平安对农业银行H股的买入历程显示,从今年1月开始,中国平安旗下子公司便在持续买入农业银行H股。虽然每股买入均价从1月份的约4.22港元升至最近 一次投资时的5.31港元,但这丝毫没有影响中国平安的买入决心。短短5个月,中 ...
险资,继续“扫货”银行股!
证券时报· 2025-06-12 04:02
Core Viewpoint - China Ping An has significantly increased its stake in Agricultural Bank of China (ABC) H-shares, now holding 15.15% after purchasing 63.534 million shares at an average price of HKD 5.3126 per share, totaling approximately HKD 338 million [1][2]. Group 1: Investment in Agricultural Bank - After the recent purchase, China Ping An's total holdings in ABC H-shares reached approximately 4.658 billion shares [2]. - The shares are held through various subsidiaries, with Ping An Life owning 3.944 billion shares and Ping An Property & Casualty holding about 691 million shares [4]. - Since January, Ping An has consistently increased its holdings in ABC H-shares, adding 3.1 billion shares over five months, with an investment exceeding HKD 10 billion despite rising average purchase prices [4][5]. Group 2: Broader Investment Strategy - China Ping An's interest extends beyond ABC, as it also holds significant stakes in other major banks, including China Merchants Bank, Postal Savings Bank, Industrial and Commercial Bank of China, and China Construction Bank [6]. - Ping An Life's stake in China Merchants Bank exceeded 5% in January, triggering a mandatory disclosure, and has since risen to 14.08% after a recent purchase of 4.058 million shares at an average price of HKD 49.6294 [6]. - The current market value of Ping An's holdings in China Merchants Bank is approximately HKD 33.82 billion [6]. Group 3: Investment Rationale - Ping An's investments in bank stocks are driven by the stable operating fundamentals of state-owned banks, characterized by low volatility, high dividends, and low valuations, with an average dividend yield exceeding 5% [8]. - The insurance sector's investment strategy aligns with the stable performance of large banks, making them attractive targets for long-term investments [9]. Group 4: Insurance Capital Trends - The insurance sector has seen a surge in equity investments, with a notable increase in the number of stake acquisitions, indicating a strong preference for bank stocks due to their large size, relatively low valuations, and high dividend yields [9][12]. - As of May 31, 2023, seven insurance companies executed 15 stake acquisitions, surpassing the total for the entire year of 2023, reflecting a sustained trend in insurance capital seeking stable returns [15][17]. Group 5: Long-term Investment Initiatives - Insurance companies are actively exploring long-term investment reforms, including the establishment of private equity funds focused on the stock market, with Ping An Asset Management recently approved to set up a private fund with an initial scale of HKD 30 billion [18]. - These initiatives aim to enhance the stability of returns and align with the long-term investment strategies of insurance capital [18].
险资,继续“扫货”银行股!
券商中国· 2025-06-11 23:28
Core Viewpoint - China Ping An continues to aggressively acquire bank stocks, particularly increasing its stake in Agricultural Bank of China (ABC) H-shares to 15.15% after purchasing 63.534 million shares at an average price of HKD 5.3126 per share, totaling approximately HKD 338 million [2][3][4]. Group 1: Investment in Agricultural Bank of China - After the recent purchase, China Ping An's total holdings in ABC H-shares reached approximately 4.658 billion shares, with a market value of HKD 25.85 billion as of June 11 [5]. - The investment in ABC H-shares has been ongoing since January, with a total increase of 3.1 billion shares and a 10.1% rise in ownership percentage, costing over HKD 10 billion [4]. Group 2: Broader Bank Stock Investments - In addition to ABC, China Ping An has significant holdings in other major banks, including China Merchants Bank, Postal Savings Bank, Industrial and Commercial Bank of China, and China Construction Bank [6]. - The stake in China Merchants Bank has also increased, with Ping An Life surpassing 10% ownership and reaching 14.08% after purchasing 4.058 million shares at an average price of HKD 49.6294 per share [6]. - Ping An Life's investment in Postal Savings Bank has triggered a stake increase to 11.02%, with holdings valued at over HKD 10 billion as of May 26 [6]. Group 3: Investment Rationale - The management of China Ping An emphasizes the stability and low volatility of state-owned banks, which offer high dividend yields averaging over 5%, making them attractive compared to the 2%-2.5% guaranteed rates of insurance products [7]. - The insurance sector's interest in bank stocks is driven by their large size, relatively low valuations, and high dividend yields, aligning with the investment philosophy of insurance companies [8]. Group 4: Trends in Insurance Capital Investment - The insurance sector is experiencing a third wave of capital injection into bank stocks, with 15 instances of stake increases reported by seven insurance companies by May 31, surpassing the total for the entire year of 2023 [12][15]. - The trend of increasing equity investments is seen as a strategy to enhance investment returns, particularly in a low-interest-rate environment [10][15]. Group 5: Long-term Investment Strategies - Insurance companies are actively exploring long-term investment reforms, including the establishment of private equity funds focused on the stock market, with Ping An Asset Management recently launching a fund with a target size of HKD 30 billion [16].
中国保险业协会:截至5月末 险资举牌次数已接近去年全年
news flash· 2025-06-11 03:36
中国保险业协会:截至5月末 险资举牌次数已接近去年全年 订阅A股市场资讯 +订阅 金十数据6月11日讯,根据保险业协会公告统计,截至5月末,7家保险公司共实施15次举牌,接近2024 年全年举牌数量;其中,银行、公用事业等是重点投资方向。专家表示,举牌的原因,通常是投资者看 好该公司的长期发展前景,此外,也会出于战略投资考虑,比如,希望与被举牌公司达成业务合作、资 源整合等目标。同时,此次险资频频举牌,与国家鼓励中长期资金入市的政策密不可分。专家表示,在 一系列积极政策推动下,预计未来一段时间,险资举牌仍将持续。 (央视新闻) ...
截至5月末 险资举牌次数已接近去年全年
news flash· 2025-06-11 03:31
作为中长期资金的典型代表,保险资金入市步伐在今年持续加快。数据显示,截至5月末,保险资金举 牌次数已接近去年全年,其中,银行、公用事业等是重点投资方向。 根据保险业协会公告统计,截至5月末,7家保险公司共实施15次举牌,接近2024年全年举牌数量。"举 牌",通俗来说,就是当某一投资者购买上市公司股份的数量,每次达到已发行股份的5%时,就需要向 市场发出正式公告。举牌就意味着,已经是这家上市公司的重要股东。 专家表示,举牌的原因,通常是投资者看好该公司的长期发展前景,此外,也会出于战略投资考虑,比 如,希望与被举牌公司达成业务合作、资源整合等目标。 对保险资金举牌情况深入分析,记者发现,从行业分布上看,截至5月底,今年保险资金较为青睐银 行、公用事业、能源等行业。比如,5月19日,平安人寿发布举牌公告,已于日前持有农业银行H股股 本的10%。此外,煤炭、电力、物流等上市公司也受到关注。而且H股市场举牌次数占到了其中的 80%。 专家:本轮举牌高峰与国家政策支持密不可分 专家表示,此次险资频频举牌,与国家鼓励中长期资金入市的政策密不可分。 "持续稳定和活跃资本市场",是国家的重点工作之一。以保险资金为代表的中长 ...
43亿!又有险资举牌
Zhong Guo Ji Jin Bao· 2025-06-10 16:16
据悉,在2005年,澳洲联邦银行曾以每股2.5元的价格认购杭州银行2.5亿股新股,持股比例达到 19.91%,成为杭州银行重要的战略投资者,此后澳洲联邦银行曾多次参与杭州银行的增资扩股,在 2016年6月末,其持股比例接近20%,稳居杭州银行第一大股东。 对于此次"清仓"式减持杭州银行股份,澳洲联邦银行表示主要为专注于澳大利亚与新西兰核心银行业 务,因此相应剥离非核心业务与投资的战略。 同时,从股权结构来看,本次转让后,杭州银行的前三大股东分别为杭州市财开投资集团、红狮控股集 团、杭州市城市建设投资集团,持股比例分别为18.2%、11.1%和6.9%。同时,新华保险以5.09%的持股 比例成为杭州银行的第四大股东。 6月10日,杭州银行发布公告称,新华人寿保险股份有限公司(以下简称新华保险)以协议转让方式受 让澳洲联邦银行所持该行股份近3.3亿股,转让后,其不再持有该行股份。 大股东"清仓"式转让 杭州银行表示,该行于6月9日收到新华保险提供的《证券过户登记确认书》,新华保险以协议转让方式 受让澳洲联邦银行所持该公司近3.3亿股,并已于6月6日完成过户登记。 转让后,新华保险合计持有该行3.63亿股股份,占该 ...
险资年内举牌15次,半年不到举牌超过去全年意味着什么?
3 6 Ke· 2025-06-07 09:22
Group 1 - The core point of the article highlights the significant increase in insurance capital's stake acquisitions in listed companies, with 15 instances recorded in less than six months, surpassing the total for the entire previous year [3][4][7] - Insurance companies involved in these acquisitions include Ping An Life, China Life, Xinhua Insurance, Sunshine Life, Great Wall Life, Ruizhong Life, and China Post Life [4][5] - The current wave of acquisitions marks the third surge in the past decade, following similar trends in 2015 and 2020, indicating a sustained interest in equity investments by insurance capital [5][13] Group 2 - The rapid increase in stake acquisitions suggests a strategic shift in insurance capital's investment approach, moving from aggressive takeover attempts to a more financially motivated investment strategy [13] - Insurance capital typically seeks long-term stability and high dividend yields, favoring companies with strong financial health and sustainable profit generation [9][10] - The majority of the recent acquisitions target bank stocks, which align with insurance capital's preference for large-cap, low-valuation, and high-dividend yield investments [10][13]
港股概念追踪|看好银行长期投资价值 险资举牌潮进行时(附概念股)
智通财经网· 2025-06-04 00:50
Group 1 - Agricultural Bank of China was increased by China Ping An Life Insurance Company, acquiring 29.896 million shares at an average price of HKD 5.0291 per share, totaling approximately HKD 150 million, raising its stake from 11.93% to 12.03% [1] - In 2024, the insurance sector has initiated a third wave of shareholding increases, with 15 instances recorded by seven insurance companies, surpassing the total for the entire year of 2023 and the first nine months of 2024 [1] - The companies targeted for shareholding increases include Postal Savings Bank, China Merchants Bank, Agricultural Bank, and several others, with nine of these stocks being H-shares [1] Group 2 - The banking sector has been the most frequently targeted for shareholding increases, alongside public utilities, energy, and transportation sectors [2] - Research from Shenwan Hongyuan indicates that the banking sector has begun a valuation recovery in 2024, despite external economic pressures, suggesting a need to revise existing analytical frameworks [2] - Tianfeng Securities reports that the valuation recovery logic driven by dividend value is expected to continue, with limited downward pressure on net interest margins and a stable performance outlook for banks [2] Group 3 - Related Hong Kong stocks in the banking sector include Citic Bank, Minsheng Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Postal Savings Bank, China Construction Bank, and Bank of China [3]
银行股全线上涨,银行ETF优选涨超2%,银行ETF、银行ETF基金上涨
Ge Long Hui· 2025-06-03 09:21
Market Performance - The A-share market opened lower but closed higher, with the Shanghai Composite Index rising by 0.43%. The banking sector showed strength, with Hu'nong Commercial Bank hitting a three-year high and Hangzhou Bank and CITIC Bank reaching historical peaks [1] - The Hong Kong stock market saw the Hang Seng Index increase by 1.53% and the Hang Seng Tech Index by 1.08%. Major banks like ICBC, CCB, ABC, and CMB saw their stocks rise nearly 3% [2] ETF and Investment Trends - Year-to-date, the CMB ETF has increased by over 16%, while the banking ETF has risen by over 10%. Insurance capital has initiated a new wave of stock acquisitions in 2024, with banks being the most frequently targeted sector [3][4] - In May, the banking sector outperformed, with a cumulative increase of 6.05%, surpassing the CSI 300 Index by 4.2 percentage points. The valuation of state-owned banks remained resilient, while valuations of joint-stock and city commercial banks increased [3] Regional Bank Performance - The leading banks in the A-share market in May were primarily small and medium-sized banks from Shandong and Chongqing, with Qingdao Bank, Chongqing Rural Commercial Bank, and Chongqing Bank showing significant gains [4] - The strong performance of these banks is attributed to high growth in net profit and favorable regional development policies, leading to robust credit issuance [4] Insurance Capital Allocation - As of Q1 2025, the total scale of insurance fund utilization reached 34.93 trillion yuan, reflecting a 5.03% increase from the previous year. The allocation towards bonds has increased, while the share of stocks has also risen [5] - The banking sector is expected to attract more long-term capital, with a focus on dividend strategies and the potential for improved asset quality due to supportive policies [5]