上述文件显示，此次买入后，平安资管对工商银行H股的持股比例由16.99%升至17.11%，总持有股份数量增至148.59亿股。① Ping An Asset Management disclosed an increase in its shareholding ratio of Industrial and Commercial Bank Of China Listed in Hong Kong to 17.11%, up from 16.02% disclosed on December 13 of last year; ② Besides ICBC, Ping An Asset Management has also increased its shareholding in China Construction Bank Corporation, Postal Savings Bank, and HSBC Holdings in the Hong Kong stock market; ③ A person related to Insurance Asset Management indicated that it is expected that the enthusiasm of insurance funds for investing in the equity market will increase in 2025.
According to a report from the Financial Alliance on January 3 (Reporter Zou Juntao), after Ping An Life announced its stake in Industrial and Commercial Bank Of China Listed in Hong Kong, the shareholding ratio of its asset management partner Ping An Asset Management is still on the rise.
On January 3, documents disclosed by the Hong Kong Stock Exchange indicated that Ping An Asset Management Co., Ltd. (hereinafter referred to as "Ping An Asset Management") recently purchased approximately 0.11 billion shares of Industrial and Commercial Bank Of China Listed in Hong Kong on the market, with an average price of 5.2047 Hong Kong dollars per share, involving nearly 0.57 billion Hong Kong dollars. The documents indicate that these equity changes occurred on December 31, 2024, and Ping An Asset Management disclosed this as the investment manager.
The aforementioned documents show that, after this purchase, Ping An Asset Management's shareholding ratio in Industrial and Commercial Bank Of China Listed in Hong Kong increased from 16.99% to 17.11%, with the total number of shares held rising to 14.859 billion shares.
"Ping An System" continues to increase its stake in Industrial and Commercial Bank Of China.
It is understood that Ping An Insurance, Ping An Life, and other entities in the "Ping An System" have previously bought shares of Industrial and Commercial Bank Of China Listed in Hong Kong multiple times.
Documents from the Hong Kong Stock Exchange show that Ping An Life and Ping An Insurance recently purchased approximately 45 million and 107 million shares of Industrial and Commercial Bank Of China Listed in Hong Kong on December 20, 2024, respectively, raising their shareholding ratios to 15% and 15.11% sequentially. Subsequent related documents confirm that Ping An Life's purchases were conducted through Ping An Asset Management.
On December 31, 2024, Ping An Life published a disclosure announcement regarding its stake in Industrial and Commercial Bank Of China Listed in Hong Kong, stating, "Ping An Asset Management has entrusted our company's funds to invest in the shares of Industrial and Commercial Bank Of China Listed in Hong Kong, reaching 15% of the equity on December 20, 2024. According to Hong Kong market rules, this triggers our company's stake declaration." Ping An Life later responded that this declaration was a normal arrangement for equity investment portfolios.
It is understood that Ping An Asset Management is an important member of Ping An Group's investment sector, in which Ping An holds a 98.66% share. According to the company's official website, Ping An Asset Management is entrusted to manage the investment assets of the group's insurance funds. As of the end of June 2024, Ping An Asset Management's asset management scale is nearly 5.52 trillion yuan.
Before this equity change, documents from the Hong Kong Stock Exchange showed that Ping An Asset Management held 16.02% of the shares of Industrial And Commercial Bank Of China, which was disclosed on December 13, 2024.
Last year, there were increases in shareholding in several banks in the Hong Kong stock market.
In addition, according to documents disclosed by the Hong Kong Stock Exchange, Ping An Asset Management increased its shareholding in several banks in the Hong Kong stock market last year.
Among them, the increase in shareholding of Industrial And Commercial Bank Of China was the most frequent. Ping An Asset Management bought and increased its holdings of Industrial And Commercial Bank Of China H shares four times in May, July, and December 2024, raising its shareholding from 14% to 17.11%.
In addition, Ping An Asset Management also bought and increased its holdings of China Construction Bank Corporation H shares, Postal Savings Bank H shares in December 2024, and increased its holdings of HSBC Holdings in May of the same year, with the shareholding ratios of these three listed banks reaching 5.01%, 5.00%, and 7.98% respectively after the increases.
Market data shows that insurance funds have recently favored bank stocks overall. Industry insiders believe that the main reason is that in recent years, the insurance liability side has rapidly expanded due to the high growth of increasing amount life insurance, and to meet the asset-liability matching and investment income requirements, the demand for dividend-type equity assets has increased significantly, leading to a notable increase in buying undervalued, high-dividend assets.
Recently, an individual related to insurance asset management also stated to the reporters of Caixin that due to the likely deterioration of the bond market this year, it is expected that insurance funds' enthusiasm for investing in the equity market will increase in 2025, with a preference still likely for dividend stocks.
