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Market Chatter: Ping An Insurance, Other Insurers Bet on Bank Stocks for High Dividends
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%.
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%.
Express News | The China Trust Industry Association held an editorial meeting to formulate the "Guidelines for Insurance Money Trust Business."
Ping An Insurance (2318.HK) rose over 5% to above 50 Hong Kong dollars, reaching a new high since March 19.
On June 24, Glonghui reported that Hong Kong insurance stocks further surged in the last trading hours, with CHINA TAIPING rising by 6%, Ping An Insurance increasing by over 5% to 50.1 Hong Kong dollars, reaching a new high since March 19. SUNSHINE INS rose by 5%, while PICC P&C, CHINA RE, and New China Life Insurance increased by over 4%, and China Life Insurance rose by nearly 4%. Analysts pointed out that as Bank stocks continue to reach new highs, insurance stocks heavily invested in Bank stocks also have the opportunity to attract more funding attention.
