Lates News

According to information from the China Insurance Industry Association, as of May 9th, there have been 13 cases of insurance funds holding stakes this year, with 6 instances of holdings in bank stocks. These include Ping An Life Insurance holding stakes in Agricultural Bank of China, Postal Savings Bank of China, China Merchants Bank (2 times), Rui Zhong Insurance holding stakes in CITIC Bank, and New China Life Insurance holding stakes in Hangzhou Bank. According to WIND data, as of the end of the first quarter, insurance funds held a significant amount of shares in banks, ranking high in terms of both quantity and market value among insurance holding industries. Among various insurance institutions, China Ping An and the "Ping An Group" have shown a high frequency of holding stakes in bank stocks, with Ping An Life Insurance increasing its holdings multiple times and holding stakes in H-shares of China Merchants Bank.