HK Stock Market Move | CHINA WATER (00855) rises more than 4% against the market trend, and Great Wall Life Insurance becomes the third largest shareholder by taking a stake. The second largest shareholder, Euler Hermes, holds a stake exceeding 20% for the first time.

CHINA WATER (00855) reversed the market at the end of the day, with a 3.26% increase to HK$6.01 as of the time of writing, with a turnover of HK$2.13 billion. On the news front, according to information disclosed by HKEX, on February 20th, CHINA WATER received an additional 2 million shares from China Life Insurance, increasing its stake to 5.02%. As a result, China Life Insurance has become the third largest shareholder of CHINA WATER, with a stake exceeding the 5% threshold for mandatory disclosure. Analysts point out that insurance funds need to maintain a prudent investment style, and insurance companies are expected to further increase their holdings of listed companies with high dividend yields, high potential for capital appreciation, and high ROE. It is worth noting that shortly after the above-mentioned increase in stake by the insurance funds, on February 26th, the second largest shareholder of CHINA WATER, Oerlikon, increased its stake in CHINA WATER by 8.636 million shares through its subsidiary Oerlikon (China) Industrial Holding Co., Ltd., surpassing a 20% stake for the first time. Public data shows that Oerlikon (China) Industrial Holding Co. Ltd.'s major shareholders include Oerlikon Group (an internationally renowned investment institution), a state-owned asset platform under the Qingdao government, Beijing Shougang Fund, and a joint venture between Beijing Fengtai District Government Development Investment Company.