Core Viewpoint - Insurance capital institutions are increasingly engaging in shareholding activities, with a notable rise in the frequency of stake acquisitions in banks, particularly in Postal Savings Bank and Agricultural Bank, reaching 10% ownership, which triggers regulatory notifications [1] Group 1: Shareholding Activities - Ping An Asset Management, as a trustee of Ping An Life, has acquired H-shares of Postal Savings Bank and Agricultural Bank, each reaching 10% of their respective share capital, triggering a stake disclosure [1] - Since 2025, insurance capital institutions have issued 15 stake acquisition announcements, indicating a more frequent pace compared to previous years [1] - Some insurance capital institutions are opting to exceed the minimum 5% stake threshold, choosing to increase their holdings beyond 10% after the initial acquisition [1] Group 2: Market Considerations - The frequent stake acquisitions by insurance capital are primarily driven by accounting treatment considerations, allowing these holdings to be classified under FVOCI (Fair Value Through Other Comprehensive Income), which mitigates the impact of profit volatility [1] - The decline in interest rates has pressured net investment yields, prompting insurance capital institutions to enhance their allocation towards high-dividend equity assets [1]