本次交易后，瑞众人寿持有青岛啤酒H股3276.4万股，占其H股股本的5%，达成举牌。以12月5日青岛 啤酒H股收盘价52.75港元/股和汇率计算，瑞众人寿持有青岛啤酒H股的账面余额为15.71亿元。 从资金来源看，此次投资涵盖自有资金及万能账户、分红账户的保险责任准备金，其中万能账户与分红 账户的投资余额分别为1.64亿元和8535.62万元，平均持有期已达17个月，凸显险资长期持有的投资属 性。 记者留意到，这已是瑞众人寿2025年第三次举牌H股上市公司。回溯来看，该公司3月先后举牌中信银 行H股、中国神华H股，加上此次举牌青岛啤酒H股，全年举牌标的均锁定高股息、低估值的H股核心资 产，累计账面持仓规模超106亿元。 公开资料显示，瑞众人寿于2023年6月28日获批开业，是经国家金融监督管理总局批准设立的一家国有 制全国性人寿保险公司，注册资本565亿元，2024年总保费2368亿元，服务个人客户超4000万人。 年末险资入市热情不减。12月5日，瑞众人寿斥资1064.14万港元买入20万股青岛啤酒H股，完成举牌动 作。值得关注的是，此次举牌恰好发生在国家金融监管总局下调保险资金股票投资风险因子的同一日。 ...

在监管鼓励长线投资的背景下，保险资金入市步伐显著加快，市场"压舱石"作用持续凸显。 长江商报消息 ●长江商报记者 徐佳 12月12日，瑞众人寿保险有限责任公司（以下简称"瑞众人寿"）在其官网发布公告。12月5日瑞众人寿买入青岛啤 酒H股20万股，涉及资金1064.14万港元。增持后，瑞众人寿持有青岛啤酒H股3276.4万股，占其H股总股本的5%， 达成举牌。按汇率计算，瑞众人寿持有青岛啤酒H股的账面余额为15.71亿元。 长江商报记者注意到，作为资本市场重要的机构投资者，在政策引导下，保险资金正加大入市力度，助力资本市 场健康稳定发展。2025年以来瑞众人寿已3次举牌上市公司。包括本次在内，2025年险资已38次举牌上市公司（含 A股+H股），仅次于2015年，达到近十年来最高水平。 日前，国家金融监管总局下调了保险公司相关业务风险因子，意在继续引导长期资金入市，助力资本市场稳定运 行。 数据显示，截至2025年9月末，我国保险行业资金运用余额37.5万亿元。其中股票配置余额达3.6万亿元，同比大幅 增长55.1%，占比达到9.67%；证券投资基金配置余额1.97万亿元，二者合计达到5.57万亿元。 瑞众人寿 ...

本报记者 冷翠华 12月12日，瑞众人寿保险有限责任公司（以下简称"瑞众人寿"）发布公告称，该公司委托投资举牌青岛啤酒股份有限公司 （以下简称"青岛啤酒"）H股股票，最新持股比例占青岛啤酒H股股本的5%。 不过，燕梳资管创始人之一鲁晓岳对《证券日报》记者表示，多数险资举牌上市公司主要是为了获取高股息回报，以应对 低利率环境，而非谋求对被投资公司的控制权或重大影响。 2025年险资举牌最突出的特征，是对上市公司H股的青睐。在险资今年的38次举牌中，有32次的举牌标的是上市公司H 股，占比高达84%。 张令佳分析称，同标的H股与A股相比普遍存在折价，险资作为长期资本、耐心资本，不会追求上市公司股价短期波动来 赚钱，而是长期持有赚取股息，因此，"性价比更高"的H股自然成为险资的优选标的。 回顾2025年险资举牌行为，呈现出举牌热情高涨、对同一标的多次举牌、举牌对象集中于上市公司H股等特点。业内人士 认为，预计2026年这一趋势仍将延续。从举牌资产所属板块来看，传统板块仍具有压舱石地位，但科技板块的比重有望增加。 超八成举牌标的为H股 根据瑞众人寿的公告，12月5日，其买入青岛啤酒H股20万股，累计持有青岛啤酒H股3 ...

Core Viewpoint - 瑞众人寿保险增持青岛啤酒股份，显示出对该公司的信心和未来增长潜力 [1] Group 1: Shareholding Activity - 瑞众人寿保险于12月5日增持青岛啤酒股份20万股，每股作价53.2070港元，总金额为1064.14万港元 [1] - 增持后，瑞众人寿保险的最新持股数目约为3276.4万股，持股比例达到5.00% [1]

香港联交所最新资料显示，12月5日，瑞众人寿保险增持青岛啤酒（600600）股份(00168)20万股，每股 作价为53.2070港元，总金额为1064.14万港元。增持后最新持股数目约为3276.4万股，持股比例为 5.00%。 ...

Market Overview - The Hong Kong stock market is expected to consolidate as positive sentiment from the recent US-China summit fades, with the Hang Seng Index closing at 26,282.69, down 0.24% [2][3] - The trading volume for the day was 353.8 billion HKD, indicating a moderate level of market activity [3] Macro & Industry Dynamics - The Hong Kong Monetary Authority (HKMA) is set to announce a new financial technology development blueprint, aiming to keep Hong Kong at the forefront of fintech innovation [6] - The HKMA emphasizes the importance of a robust financial infrastructure, likening it to a highway for efficient capital flow, and plans to explore Central Bank Digital Currency (CBDC) and next-generation data infrastructure [6][7] - Recent adjustments in interest rates by major banks in Hong Kong, including HSBC and Standard Chartered, reflect the US Federal Reserve's rate cuts, with HSBC lowering its best lending rate by 0.125% to 5% [8] Company News - Standard Chartered reported a 2.56% year-on-year increase in pre-tax profit for Q3, amounting to 1.766 billion USD, with a focus on cross-border and wealth banking services driving growth [10] - The bank has raised its tangible shareholder equity return guidance for 2025 to approximately 13%, ahead of schedule, and expects revenue growth to approach the upper limit of 5% to 7% [11] - Budweiser APAC's Q3 net profit fell by 7.96% year-on-year to 185 million USD, with revenue declining by 8.8% to 1.555 billion USD, primarily due to challenges in the Chinese market [12]

Core Insights - The tourism market in Rudong is experiencing a surge driven by themed activities such as the "Su Super" events and summer family trips, showcasing its appeal as a key coastal cultural tourism destination in the Yangtze River Delta region [1][3]. Group 1: Tourism Development - Rudong is enhancing its cultural tourism offerings to meet the evolving demands of visitors, transitioning from "check-in" tourism to immersive "experiential" tourism [3]. - A new one-day tour from Shanghai to Rudong, focusing on seafood tasting, hot springs, and ancient town exploration, has been launched, attracting significant interest from families [10][12]. - The inaugural tour on August 22 was well-received, with 72 participants enjoying various activities along the scenic coastline [5][8]. Group 2: Event and Activity Engagement - The "Yanjing Beer Caravan" event, running from August 18 to 25, attracted over 10,000 visitors, featuring a combination of entertainment, food, and interactive games [15][17]. - The event successfully integrated local culture and nightlife, contributing to a vibrant atmosphere and enhancing the city's night economy [17][24]. - The "Su Super" football matches have also drawn significant attention, with local venues creating engaging viewing experiences, further promoting tourism and local consumption [22][24]. Group 3: Economic Impact - The combination of tourism and sporting events has led to increased consumer engagement, with local businesses reporting a 10% year-on-year sales growth due to the influx of visitors [17][24]. - The average attendance for each sporting event has exceeded 10,000, indicating a strong interest in the intersection of sports and tourism in Rudong [24].

Core Viewpoint - The Xinjiang Uygur Autonomous Region's Urumqi City is enhancing market regulation and safety measures in preparation for the 2025 Tachen Urumqi Beer Festival and the summer tourism season, focusing on food safety and price transparency [1][2] Group 1: Market Regulation and Safety Measures - The Urumqi Market Supervision Administration is implementing a tourism market rectification action to ensure compliance with food safety and pricing regulations at various tourist attractions [1] - The administration emphasizes the importance of fair pricing practices, requiring retailers to exercise their pricing rights legally and transparently, especially during the beer festival and summer tourism [1] - Hotels and accommodation providers are mandated to display pricing standards prominently and adhere to their pricing commitments without arbitrary increases after bookings [1] Group 2: Food Safety Initiatives - The Urumqi Market Supervision Administration has set up food safety information booths at tourist sites to promote food safety knowledge and conducted training for food service personnel [2] - This year, the administration has organized three promotional events at major scenic spots, distributing over 1,500 informational materials and training more than 100 industry personnel [2] - Future plans include comprehensive inspections of food safety risks in tourist areas, utilizing a problem list and accountability measures to ensure issues are addressed effectively [2]