Insurance funds buy bank stocks in large amounts
Posted: Sun Feb 16, 2025 5:20 am
At the beginning of 2025, southbound funds rushed into Hong Kong stocks, with net purchases of up to HK60 billion in 6 trading days. In 2024, southbound funds had a net purchase of Hong Kong stocks totaling HK807.864 billion, 2.5 times the inflow scale in 2023 and the largest annual inflow scale since 2014.
Ping An Group has made several moves recently and significantly increased its holdings in the banking sector.
Agricultural Bank of China announced on January 8 that Ping An lebanon telegram data Asset Management increased its holdings of Agricultural Bank of China H shares on January 3. After the increase, Ping An Asset Management's shareholding ratio increased from 4.97% to 5.03%.
Wind data shows that in the past month, Ping An of China and its subsidiaries have made multiple moves to increase their holdings of H-shares of major state-owned banks such as Industrial and Commercial Bank of China, China Construction Bank, Postal Savings Bank of China, and Agricultural Bank of China.
Data shows that at the end of the third quarter of 2024, 11 of the top 20 stocks held by insurance funds were bank stocks, and the dividend yields of the vast majority of banks exceeded 5%.
The continued large-scale purchases by insurance funds are also one of the catalysts for the current surge in the banking sector.
Ping An Group has made several moves recently and significantly increased its holdings in the banking sector.
Agricultural Bank of China announced on January 8 that Ping An lebanon telegram data Asset Management increased its holdings of Agricultural Bank of China H shares on January 3. After the increase, Ping An Asset Management's shareholding ratio increased from 4.97% to 5.03%.
Wind data shows that in the past month, Ping An of China and its subsidiaries have made multiple moves to increase their holdings of H-shares of major state-owned banks such as Industrial and Commercial Bank of China, China Construction Bank, Postal Savings Bank of China, and Agricultural Bank of China.
Data shows that at the end of the third quarter of 2024, 11 of the top 20 stocks held by insurance funds were bank stocks, and the dividend yields of the vast majority of banks exceeded 5%.
The continued large-scale purchases by insurance funds are also one of the catalysts for the current surge in the banking sector.