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Hong Kong stock mid-review | All three major Indexes rose, with the Technology Index up 0.81%; technology network and Chinese brokerage stocks increased, with JD.com rising over 2%, and GUOTAI JUNAN I rising over 68%.
Network Technology stocks generally rose, JD-SW increased by 2.53%, Bilibili-W increased by 1.56%; casino and Macau Casino stocks all rose, SANDS CHINA LTD increased by 3.69%, GALAXY ENT increased by 2.79%; semiconductor stocks went up, CE HUADA TECH fell by 13.58%, and BEKE slightly dropped by 3.27%.
Express News | The Xiamen Jianyuan Jinchuan Rail Smart City Development Equity Investment Fund has been established.
Express News | Bank stocks rebounded from the bottom, with the four major banks: Bank Of China, Agricultural Bank Of China, Industrial And Commercial Bank Of China, and China Construction Bank Corporation, continuing to reach historical highs.
Most bank stocks in Hong Kong have risen, with Ping An Insurance "scooping up" bank H-shares, reaching a total Hold Positions scale of 180 billion Hong Kong dollars over 6 months.
This round of Buying has raised Ping An's shareholding ratio in Industrial And Commercial Bank Of China in Hong Kong to 18%, while the shareholding ratios in CM BANK and Agricultural Bank Of China have also risen to over 15%. Analysis indicates that insurance funds are attracted to the undervalued, high-dividend advantages of bank stocks, with the average dividend yield of Chinese banks in Hong Kong exceeding 4%. The buying by insurance funds has driven a significant rise in the banking Sector, with the Chinese bank Index in Hong Kong reaching a new seven-year high, while Agricultural Bank Of China and others have set historical new highs.
【Broker Focus】CITIC SEC: Current Bank Assets quality data is stable, but the quality of retail credit assets still needs to be closely monitored.
Jinwu Financial News | CITIC SEC stated that changes in the funding situation of 42 listed Banks in the A-share market indicate that in 2024, the overall allocation by Institutions is warming up. The scale of existing passive Funds has dramatically increased, with ongoing allocations to Bank stocks, while actively managed Funds are also steadily increasing their holdings in Bank stocks. There is significant potential and willingness for insurance capital to increase its allocation to Bank stocks, while Northbound capital holdings have shifted from volatility to stability and continue to be highly allocated. In the next phase, the positive impact of new public fund regulations, combined with the sustained demand for stable return equity assets from insurance capital, means there is still room for Institutions to increase allocations. Looking forward: 1) Passive Funds are expected to transition from rapid growth to steady growth; 2) The new public fund regulations are likely to positively impact the main...
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.
