haitong sec (06837.HK) announced on the evening of the 4th that New China Life Insurance Asset Management Co., Ltd. increased its shareholding by buying 8,000,000 shares on December 3, 2024, at a price of 7.0674 Hong Kong dollars per share. After this equity change, it held 195,000,000 shares, increasing its stake in the H shares of the company to 5.7192%. On the same day, New China Life Insurance issued a statement on the acquisition of haitong sec H shares, stating that the company increased its shareholding in haitong sec H shares to 5.02% through centralized competitive trading on the secondary market on November 28, 2024. This is the first time in five years that an insurance company has acquired shares of a brokerage firm. New China Life Insurance continued to buy shares of haitong sec H shares after reaching the acquisition threshold on November 28.