On November 18, the china Insurance Industry Association disclosed that Lianan Life Insurance increased its shareholding in shenzhen int'l by 0.5 million shares at an average price of HKD 6.4142 per share on November 15. After the increase, Lianan Life Insurance's shareholding ratio rose from 4.98% to 5%, reaching the 5% reporting threshold. Since the beginning of this year, insurance funds (hereinafter referred to as "insurer funds") have accumulated 17 reporting instances, involving 15 companies, marking a new high in reporting frequency since 2021. Industry insiders point out that as one of the "patient capitals," the active shareholding of insurer funds is mainly related to policy encouragement, market undervaluation, strong attractiveness of high-dividend assets, strategic investment layout, and changes in accounting standards. According to an analysis by Securities Times · Data Treasure, the sectors of the reported companies have always been a key focus for insurer fund layouts. Data disclosed in the quarterly reports of listed insurance companies show that many leading insurance companies had increased their tradable financial assets by the end of the third quarter compared to the end of June. The number of shares held by insurer funds has a positive correlation with the corresponding company's net income, dividend yield, institutional attention, and total market cap. Insurer funds prefer high-dividend, strong profitability, high institutional attention, and high market cap stocks.