After China Life Insurance Group held shares of Swhy H shares for 5 years, the capital markets once again witnessed an insurance capital holding a brokerage case.

On December 4, New China Life Insurance (601336.SH) disclosed that after increasing their holdings by 4 million shares on November 28, their holding of Haitong Securities (6837.HK) H shares reached 5.02% of the outstanding shares, triggering a holding disclosure.

Before the increase, New China Life Insurance held 3.29% and 1.61% of Haitong Securities H shares through New China Asset and New China Asset (Hong Kong) respectively. After the increase, the shareholding by New China Asset increased by 0.12%, and the shareholding ratio of New China Life Insurance and its concerted action parties reached 5.02%.

After surpassing the shareholding threshold, New China Life Insurance continued to purchase shares for three trading days, with the shareholding ratio reaching 5.72% as of December 3.

Looking at the overall actions throughout the year, New China Life Insurance has been quite high-profile in the capital markets this year.

At the beginning of the year, New China Life Insurance had already launched a 50 billion yuan Honghu private equity fund jointly initiated with China Life, and started investing.

Wind data shows that this fund has appeared in the top ten shareholders list of Yili Group and Shaanxi Coal Industry in the third quarter report, with shareholding ratios of 1.88% and 0.72% respectively.

After the market warmed up at the end of the third quarter, new china life insurance accelerated its frequency of shareholding, having previously acquired shares in china national medicines corporation and sh pharma.

In terms of stock performance, haitong sec has risen for 3 consecutive trading days after being acquired, closing at HK$7.1 per share on December 4.

However, in anticipation of the integration between gtja (2611.HK) and haitong sec in the future, new china life insurance's recent shareholding activities may aim to stabilize its position on the board of directors at gtja while also possibly considering long-term investments.

Since 2019, new china life insurance and its two subsidiaries have consistently increased their shareholding in gtja's listed in hong kong shares to a total of 8.7% of the total share capital, successfully securing a seat on the board of directors.

As of the end of the third quarter of 2024, Chen Yijiang, the general manager of new china life insurance's investment department, still serves as a director at gtja.

However, with the restructuring of gtja and haitong sec, it remains uncertain whether new china life insurance can retain its position on the board of directors.

Perhaps due to this uncertainty, new china life insurance has increased its holdings in haitong sec and gtja's listed in hong kong shares multiple times within the year.

According to data disclosed by the Hong Kong Stock Exchange, new china life insurance increased its holdings by 0.16 billion gtja's listed in hong kong shares on August 30; after the increase, it accounted for approximately 4.75% of the total share capital.