At least 13 times of shareholding within the year, insurance funds "buying up" bank stocks.

According to information from the China Insurance Association, as of May 9th, there have been 13 instances of insurance funds acquiring stakes in companies this year. Among these, 6 instances involved acquiring stakes in bank stocks, including Ping An Life acquiring stakes in Agricultural Bank of China, Postal Savings Bank, and China Merchants Bank; Rui Zhong Insurance acquiring stakes in Zhongxin Bank; and Xinhua Insurance acquiring stakes in Hangzhou Bank. According to WIND data, as of the end of the first quarter, insurance funds held a significant amount of bank stocks both in terms of quantity and market value, ranking at the forefront among all industries held by insurance funds. Among various insurance institutions, Ping An and other companies under the "Ping An group" have a relatively high frequency of acquiring stakes in bank stocks, with Ping An Life even increasing its holdings and acquiring H shares of China Merchants Bank multiple times.