It has increased its holdings again. After increasing its holdings of 83 million H shares of ICBC on November 22nd, Taiping Life recently re-listed ICBC.

Taiping Life Insurance disclosed on November 28th that on November 25th, the company increased its holdings and listed H shares of ICBC in the secondary market through the account of Taiping Asset Management, the trustee, and bought 8 million shares, involving about HK$ 38 million.

After this transaction, Taiping Life Insurance holds 4.36 billion H shares of ICBC, accounting for about 5.2% of the H share capital of the listed company. Taiping Insurance Group holds a total of 4.636 billion H shares of ICBC, accounting for about 5.34% of the H share capital of the listed company.

Coincidentally, another insurance giant has also made moves in the capital market. According to the data of Hong Kong Stock Exchange, China Life continued to reduce its holdings of China Pacific Insurance H shares on November 25th, which is the fourth time since this year. The shareholding ratio of China Life Group decreased from 7.98% on February 9th to 4.98%.

Buying H shares of ICBC for over HK$ 1 billion in 4 days

Taiping Life Insurance is a life insurance company under China Taiping Group. As of September 3, Taiping Life's total assets were 922.582 billion yuan, net assets were 52.576 billion yuan, and its comprehensive solvency adequacy ratio was 26.25%.

On November 25th, Taiping Life Insurance bought 8 million H shares of ICBC in the secondary market through the account of Taiping Asset Management, the trustee, with a design capital of about 38 million yuan. Prior to this transaction, Taiping Life Insurance held 4.28 billion H shares of ICBC.

on November 22nd, Taiping Life Insurance increased its holdings of H shares of ICBC in the secondary market through the account of Taiping Asset Management, the trustee, and through the Hong Kong Stock Connect, with a total purchase of 83 million shares, involving about HK$ 31 million.

Before these two transactions, Taiping Life held 4.46 billion H shares of ICBC. After the transaction on November 25th, Taiping Life Insurance held 4.36 billion H shares of ICBC, accounting for about 5.2% of the H share capital of the listed company. Taiping Insurance Group holds a total of 4.636 billion H shares of ICBC, accounting for about 5.34% of the H shares of the listed company.

This means that in just four days, Taiping Life Insurance increased its holdings of H shares of ICBC by 314 million shares, with a total cost of over HK$ 1 billion.

based on the closing price of ICBC h shares of 3.85 yuan (hk $) on November 22, 222 and the exchange rate of hk $ against RMB at the end of the same day, the book balance of ICBC h shares held by Taiping life insurance was RMB 15.393 billion, accounting for 1.67% of the company's total assets at the end of last quarter.

as of October 3, 222, the book balance of equity assets of Taiping Life Insurance was 154.84 billion yuan, accounting for 17.1% of the total assets at the end of last quarter.

Taiping Life Insurance said that the source of funds for buying H shares of ICBC this time was the insurance liability reserve of dividend account, and the company included the H shares of ICBC in the equity investment management.

high dividend rate attracts insurance funds to hold placards

Taiping Life Insurance does not hold placards frequently. The previous placard was announced in July 22. However, due to changes in the market environment and regulatory policies, Zoomlion made corresponding adjustments to the original non-public offering of A shares. After research, Taiping Life Insurance terminated this subscription in October of that year.

The reporter combed the placard information since 216, and Taiping Life * * * successfully placarded three stocks, except for the H shares of ICBC, and the other two were the Joy City shares and the H shares of Agricultural Bank.

An insurance asset manager told reporters that insurance companies have always favored bank stocks, which is determined by the matching of the attributes of insurance funds and bank stocks. Moreover, stocks with high dividends have investment value in a low interest rate environment, and dividends can provide a good safety mat. The data shows that in 221, the dividend yield of H shares of ICBC reached 9.796%.

In addition, in recent days, the combination of financial stability and real estate policy has exerted its strength, which is beneficial to bank stocks, or one of the driving forces for Taiping Life's placard.

Insurance institutions frequently switch positions, and the trend of placarding is unclear

In fact, financial stocks such as banking stocks have always been the heavy positions of insurance companies. However, since the beginning of this year, with the stock prices of banking stocks and insurance stocks continuing to fall, the investment actions of insurance institutions have not converged, and the structural adjustment actions are obvious.

Taiping Life recently increased its holdings of industrial H shares, showing a strong interest in banking stocks. However, in the first three quarters of this year, banking stocks were repeatedly reduced by insurance companies, for example, China Life reduced its holdings of H shares of Agricultural Bank of China, Ping An Life Insurance Company of China reduced its holdings of ICBC shares, and Pacific Life reduced its holdings of Hangzhou Bank.

In terms of insurance stocks, while China Life reduced its holdings of H shares of CPIC, Shanghai State-owned Assets Management Co., Ltd. (and its concerted action), the state-owned shareholder of CPIC, increased its holdings. According to the disclosure, on October 17th, the proportion of shares held by Shanghai State-owned Assets and its concerted parties in Taibao Company increased from 1.32% to 1.53%.

At the same time, Ping An and AIA have launched buybacks. On November 28th, AIA repurchased 3.15 million shares at a cost of HK$ 225 million. According to public statistics, AIA has repurchased more than 1 times since March 21st, with a cumulative cost of over HK$ 2 billion.

generally speaking, in the past two years, due to the sharp fluctuations in the capital market, there are not many listed companies listed by insurance companies. According to the statistics of China, a brokerage firm, in 221, there were only one listed company with insurance capital, and only five times this year, including two passive placards.