Major financial players acquire more shares in the same industry again.
The Hong Kong Stock Exchange disclosed that on February 2nd, China Ping An increased its holdings of China Life's 10.895 million shares of H-shares, with the latest holding percentage after the increase being 10.12%. This triggered the related disclosure rules in the Hong Kong stock market. Since last year, China Ping An has made several attempts to increase its stake in its industry peers. In August of last year, China Ping An and its subsidiaries increased their holdings of China Taiping H-shares and China Life H-shares multiple times, with China Ping An's stake in China Taiping H-shares increasing from 5.04% to 11.28%, triggering two rounds of disclosure. In January of this year, China Ping An and China Ping An Life Insurance Co., Ltd. increased their holdings of China Life's H-shares by 14.2 million shares and 11.891 million shares, respectively.
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