On January 10th, the Hong Kong Stock Exchange disclosed that$PING AN (02318.HK)$on January 7th, Buy$ABC (01288.HK)$31,678,000 H-shares at an average price of 4.2216 HKD per share, estimating this$Ping An Insurance (601318.SH)$Buy, which operates the social media platform "Truth Social" created by Trump; $ABC (01288.HK)$ Involving nearly 0.134 billion Hong Kong dollars. After this purchase, Ping An Insurance has cumulatively held 1,553,477,126 shares of Agricultural Bank Of China listed in Hong Kong, with the shareholding ratio increasing from 4.95% to 5.05%.

Additionally, a company under Ping An Insurance, Ping An Asset Management, disclosed that on January 3, it bought 16,521,000 shares of Agricultural Bank Of China Listed in Hong Kong at an average price of 4.2257 Hong Kong dollars per share, estimating a purchase cost of nearly 69.77 million Hong Kong dollars. After this purchase, Ping An Asset Management's shareholding ratio in Agricultural Bank Of China Listed in Hong Kong increased from 4.97% to 5.03%.

Data from the Hong Kong Stock Exchange shows that both Ping An Insurance and Ping An Asset Management have disclosed for the first time a shareholding in Agricultural Bank Of China Listed in Hong Kong of over 5%.

Since last year, companies affiliated with Ping An Insurance, including Ping An Life Insurance and Ping An Asset Management, have purchased shares of several major state-owned Banks listed in Hong Kong, including Industrial And Commercial Bank Of China and China Construction Bank Corporation.$PSBC (01658.HK)$Since the beginning of the year, the "Ping An System" has included Agricultural Bank Of China Listed in Hong Kong in its "Buy Buy Buy" list and further increased its shareholding in Industrial And Commercial Bank Of China Listed in Hong Kong.

According to data from the Hong Kong Stock Exchange, on January 2, Ping An Insurance once again increased its holdings in Industrial And Commercial Bank Of China listed in Hong Kong by approximately 0.15 billion shares, raising the shareholding ratio to 16.02%. Previously, Ping An Life Insurance and Ping An Asset Management had disclosed an increase in their shareholding ratios in Industrial And Commercial Bank Of China listed in Hong Kong by 15% and 17.11% respectively. Ping An Life Insurance also announced its stake in Industrial And Commercial Bank Of China listed in Hong Kong.

In addition, on December 18, 2024, Ping An Insurance increased its holdings in China Construction Bank Corporation listed in Hong Kong by approximately 67.7 million shares, raising its shareholding ratio from 4.97% to 5%. On December 27 of the same year, Ping An Insurance further increased its holdings.$Postal Savings Bank Of China (601658.SH)$Approximately 15 million shares of H shares, increasing its shareholding ratio from 4.92% to 5%. The latest data from the Hong Kong Stock Exchange shows that as of January 10, Ping An Insurance has not further increased its shareholding in the aforementioned two banks.

Editor/danial