"Insurance capital appears in the list of the top ten largest circulating shareholders of 713 A-share companies"

As the curtain falls on the disclosure of the third quarter report of listed companies in 2025, the situation of heavy stock holdings by insurance institutions at the end of the third quarter and the situation of portfolio adjustments and stock replacements in the third quarter have also come to light. According to Wind information data, as of the end of the third quarter this year, insurance institutions appeared as the top ten largest shareholders of 713 A-share listed companies. In the third quarter, insurance institutions entered 203 new individual stocks, increased holdings in 185 individual stocks, and did not change holdings in 112 individual stocks. Specifically, excluding the holdings of China Life Group in China Life and the holdings of Ping An Group in Ping An Bank, as of the end of the third quarter, the top 10 A-share stocks held by insurance institutions included Minsheng Bank, Pudong Bank, Agricultural Bank, Postal Savings Bank, China Unicom, Beijing-Shanghai High Speed Railway, Zhejiang Commercial Bank, Huaxia Bank, Industrial Bank, and Golden Land Group. Insurance institutions continue to hold a large amount of stocks in the banking sector. In terms of changes in holdings, as of the end of the third quarter, the stocks that saw the largest increase in holdings by insurance funds compared to the end of the second quarter were Postal Savings Bank, Bank of Nanjing, Huali Steel and Iron, Changshu Bank, and Sinotrans. In addition, among the 203 new top-heavy stocks entered by insurance institutions in the third quarter of this year, the top five in terms of holding amounts are Agricultural Bank, Industrial and Commercial Bank, Dayue City, Zijin Mining, and Quzhou Development.