Lates News

On May 7th, China Post Life Insurance Co., Ltd. announced that it had acquired a stake in China Eastern Airlines Logistics Co., Ltd. through an agreement transfer. This means that the number of times insurance funds have acquired stakes in listed companies this year has reached at least 13. Insurance funds acquiring stakes in listed companies is a vivid manifestation of long-term capital and patient capital increasing their market presence. During a press conference held by the State Council Information Office on May 7th, a package of financial policies was released, including several policies related to insurance fund investments such as "further expanding the scope of pilot projects for long-term investment of insurance funds" and "reducing the risk factors of insurance companies' stock investments." Industry insiders believe that with the implementation of incremental policies, the enthusiasm of insurance funds and other patient capitals entering the market will further increase, expanding the market space and continuing to stabilize and activate the capital market (Securities Daily).