又一家上市农商行获得险资增持 根据苏农银行半年报信息，"弘康人寿保险股份有限公司－自有"在今年上半年增持1亿余股，股份比例 已临近"5%"，次于机构股东亨通集团有限公司(持股比例6.81%)，江苏新恒通投资集团有限公司(持股比 例6.73%)。 | | | | | | | | 单位:服 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 前十名股东持股情况(不含通过转融通出借股份) | | | | | | | 股东名称 | | | | 持有有限 | | 质押、标记或冻结情况 | 殷东 | | (全席) | 报告期内增减 | 期末持股数量 | 比例(%) | 售条件股 份数量 | 股份 状态 | 数量 | 做题 | | 亨通集团有限公司 | 12. 495. 905 | 137,454,953 | 6.81 | 0 | 质押 | 105,420,000 | 境内非因有法人 | | 江苏新恒通投资集团有限公司 | 12. 353. 312 | 135,886,428 | 6.73 | 0 | 无 | 0 | 境内非因有法人 | | 香港中央结算有限公 ...

港交所披露易信息显示，近期弘康人寿保险股份有限公司（下称"弘康人寿"）连续两个交易日增持郑州银行H股，其中首 次增持后持股比例达到了5.55%，根据香港市场规则，触发举牌。 券商中国记者注意到，过去半年多的时间，以平安系为代表的险资在港股密集举牌中资银行H股，频次高达13次，是自2015 年、2020年之后的第三次举牌潮。 且举牌后，上述险资继续高频增持中资银行H股，尤其对国有大行和头部股份行的单家持股比例上升至15%上下。券商中国记 者粗略统计，上述增持行动合计耗资超1500亿港元。 值得关注的是，郑州银行是近期险资首次关注的区域银行。 弘康人寿增持郑州银行 港交所披露易信息显示，6月27日，弘康人寿以每股1.2068港元增持郑州银行H股1600万股，总金额为1930.88万港元。增持 后，持股比例占据其H股的5.55%，触发举牌。 截至6月27日收盘，郑州银行A股当日收盘价为每股人民币2.09元，跌幅1.42%；H股当日收盘价为每股1.187港元，涨幅 0.83%。 举牌后，弘康人寿于下一个交易日继续"进货"。6月30日，弘康人寿继续增持郑州银行H股2300万股，每股作价1.1804港元， 总金额为271 ...

Core Viewpoint - Xinhua Insurance has acquired 329.6 million shares of Hangzhou Bank from the Commonwealth Bank of Australia for a total price of 4.32 billion yuan, making it the fourth largest shareholder with a 5.09% stake [2][3]. Group 1: Transaction Details - The share acquisition was completed at a price of 13.095 yuan per share, totaling 4.32 billion yuan [3]. - Following the transaction, the Commonwealth Bank no longer holds shares in Hangzhou Bank, which maintains no controlling shareholder or actual controller [3]. - The top three shareholders of Hangzhou Bank as of Q1 2025 are Hangzhou Financial Investment Group (18.2%), Red Lion Holdings Group (11.1%), and Hangzhou Urban Construction Investment Group (6.9%) [3]. Group 2: Investment Rationale - Analysts believe Xinhua Insurance's investment reflects confidence in Hangzhou Bank's long-term development prospects, given its strong performance and strategic location in the economically vibrant Yangtze River Delta [3]. - Hangzhou Bank reported a revenue of 38.38 billion yuan in 2024, a year-on-year increase of 9.6%, and a net profit of 16.98 billion yuan, up 18.1%, maintaining a leading growth rate in the industry [3]. Group 3: Broader Industry Trends - Since 2025, several insurance companies, including China Life and Ping An, have increased their holdings in bank stocks, indicating a positive outlook for the banking sector [5]. - The banking sector index has risen over 12% year-to-date, with several bank stocks reaching historical highs [5]. - The trend of insurance capital investing in bank stocks is driven by the need for asset allocation optimization and recognition of the long-term value of bank stocks [6]. Group 4: Future Outlook - High-quality banks are expected to become a priority for insurance capital in equity investments, providing a continuous source of incremental capital for the sector [7].

Core Viewpoint - Insurance companies, particularly Ping An Life, are increasingly favoring bank stocks, as evidenced by significant share acquisitions in Agricultural Bank of China and other banks, driven by stable performance and high dividend yields in a declining interest rate environment [1][2][4]. Group 1: Shareholding Activities - Ping An Life has acquired approximately 635.34 million shares of Agricultural Bank of China H-shares, raising its total holdings to about 4.658 billion shares, which constitutes 15.15% of the total H-shares [1]. - Ping An Life has executed multiple share acquisitions in Agricultural Bank of China, with initial holdings of approximately 1.539 billion shares (5% stake) on February 17, and increasing to about 3.191 billion shares (10.38% stake) by May 12, followed by further increases to approximately 3.944 billion shares by June 6 [2]. - Similar activities were observed with China Merchants Bank, where Ping An Life increased its holdings from about 230 million shares (5.01% stake) on January 10 to approximately 647 million shares (14.08% stake) by June 4 [2]. Group 2: Industry Trends - The trend of insurance companies acquiring bank stocks is reflected in actions by other firms such as Xinhua Insurance, which has also engaged in share acquisitions of banks, including a significant stake in Hangzhou Bank [3]. - Factors driving this trend include the stable performance and high dividend yields of bank stocks, which are attractive in the current investment environment characterized by declining interest rates [4][5]. - The collaboration between banking and insurance sectors is seen as strategically beneficial, enhancing competitive advantages and risk management capabilities for insurance companies [4][6]. Group 3: Future Outlook - The banking sector is expected to remain a key focus for insurance capital, with the potential for increased equity investments as regulatory policies encourage long-term capital market participation [6]. - The high dividend yield of the banking sector positions it favorably compared to other industries, making it an attractive investment option for insurance companies [5][6].