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Hong Kong stocks movement | Domestic insurance stocks perform strongly as regulators curb the inwardly competitive practice of high dividends, and insurance capital accelerates its entry into the market.
Domestic insurance stocks performed strongly. As of the time of writing, China Pacific Insurance (02601) rose by 5.04%, priced at 28.15 Hong Kong dollars; New China Life Insurance (01336) increased by 3.77%, priced at 44.05 Hong Kong dollars; China Life Insurance (02628) grew by 3.22%, priced at 19.9 Hong Kong dollars; Ping An Insurance (02318) climbed by 2.8%, priced at 51.35 Hong Kong dollars.
It is rumored that Sheng Bella (02508.HK) has been oversubscribed by 180 times in its public offering.
The postnatal care and recovery group Saint Bella (02508.HK) will be listed tomorrow (26th). According to market news, the public offering portion of Saint Bella in Hong Kong has been oversubscribed by about 180 times, and the international placement has also recorded more than 15 times oversubscription, attracting participation from long-term Funds, Medical Funds, Chinese public Funds, hedge Funds, and others. Saint Bella has introduced 7 cornerstone investors for this IPO, including GIMM, an investment company holding shares of 58.com, Huaxia Fund (Hong Kong), JKKB, Wu Qinan, CEO of New Wind Tianyu Group, SSMorgan, a healthcare investment company, and Hong Kong investment company Minrui.
How much insurance was purchased from the Bank?
Changjiang Securities stated that as of June 20, among the 19 stake acquisitions by insurance companies for 2025, 9 involved Bank stocks, with 7 being Hong Kong Bank stocks. In terms of holding size, the reference market value held by insurance Institutions in A-share Bank stocks reached 265.78 billion yuan; among the 7 Hong Kong Bank stocks with a high weight in the Hang Seng Financial Index, the market value held by insurance Institutions exceeded 560 billion yuan, accounting for about 20% of the total insurance Stocks holdings, indicating a relatively high concentration.
Market Quick Look | All three major Indices rose, with the Tech Index up 2.14%; Apple Concept and Chinese brokerage stocks performed strongly, COWELL rose over 7%, and China Galaxy rose nearly 9%.
Network Technology stocks rose, XIAOMI-W increased by 3.74%, KUAISHOU-W rose by 3.12%; insurance stocks performed brilliantly, Ping An Insurance increased by 5.16%, PICC GROUP rose by 4.98%; Apple Concept stocks all increased, TONGDA GROUP rose by 13.10%, COWELL increased by 7.20%.
Insurance stocks have risen significantly, with a continuous wave of insurance capital being raised this year. Institutions indicate that the insurance Sector is expected to fluctuate upward in the future.
In terms of news, the wave of insurance shares acquisitions continues in 2025.
Research Reports Gold Digging | Huayuan Securities: Initiates a "Buy" rating for China Life Insurance, with the transition to dividend insurance being industry-leading.
On June 24, Glenview reported that China Life Insurance has a good asset-liability matching and is leading the industry in the transformation of dividend insurance. In the first quarter of 2025, the company's net income attributable to shareholders increased by 39.5% year-on-year to 28.8 billion yuan, and the net assets attributable to shareholders increased by 4.5% from the beginning of the year to 532.5 billion yuan, demonstrating stable performance. This is the first coverage, and a "Buy" rating is given. In the first quarter of 2025, China Life's new premium income decreased by 4.5% year-on-year. Excluding the high growth of short-term insurance, the year-on-year decline in new long-term insurance premiums was about 15.1%, indicating business pressure on new premiums. The new business value in the first quarter of 2025 grew by 4.8% year-on-year, and we believe that there are still opportunities.
