险资扫货不歇脚！ 港交所披露易最新信息显示，平安人寿于6月17日增持629.55万股招商银行H股股份之后，于当日达到该行H股 股本的15%，根据香港市场规则，触发举牌。 在此之前，平安人寿曾在1月10日、3月13日分别举牌招行H股，所持该行H股数量占其H股总数分别突破5%、 10%。而此番举牌，也是平安人寿半年内第三次举牌招行H股。 截至目前，2025年已有13家上市公司被险资举牌，包括5家银行，招行则是唯一一家被三度举牌的上市银行。 此外，平安人寿还分别两度举牌农业银行H股、邮储银行H股。 三度举牌招商银行 据披露易信息，早在1月10日，平安人寿就首次举牌招行H股，所持该行H股数量当时就达到该行H股股本的 5%。 3月13日，平安人寿又耗资近3亿港元，在场内增持606.75万股招行H股，持股占比突破该行H股总数的10%， 构成二度举牌。 而6月17日再度增持629.55万股招行H股股份之后，平人寿所持该行招行H股总数已达该行H股股本的15%，构 成第三次举牌。 以此计算，1月10日至6月17日，平安人寿合计增持近4.61亿股招行H股。以区间成交均价计，其间合计耗资近 215亿港元。 截至6月17日，平安人寿 ...

Group 1 - Insurance companies have increased their stake acquisitions, with 16 instances reported this year, a significant rise compared to 5 instances in the same period last year [1][2] - The recent acquisition by Great Wall Life Insurance involved purchasing 4.4 million shares of Qinhuangdao Port Co., bringing its total holdings to approximately 279 million shares, which is 5.0005% of the company's total equity [2] - The market value of Great Wall Life's holdings in Qinhuangdao Port is approximately 610 million RMB, representing 0.42% of the insurer's total assets as of the last quarter [2] Group 2 - The increase in stake acquisitions is attributed to new accounting standards that require insurance companies to reflect the market value of stock investments, leading to greater volatility in financial statements [3] - The insurance sector is facing pressure from declining long-term interest rates and the maturity of high-quality non-standard assets, which impacts investment returns [3] - The preference for high-dividend stocks is evident, with 8 out of 16 acquisitions targeting listed banks, which are known for their high dividend yields [4] Group 3 - Future trends indicate that insurance companies are likely to increase their stake acquisitions, focusing on specialized and strategic investments in sectors such as high technology, new energy, and healthcare [5] - The collaboration between banks and insurance companies is seen as beneficial for expanding insurance product sales due to banks' extensive networks [4]

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 ...

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].

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。 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，中国平安对农业银行H股的持股数增加了31亿股，持股比例增加了10.1%。仅这一项投资 便耗资超百亿港元。 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。券商中国记者梳理显示， ...

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） ...

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 ...

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 ...

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]

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]