The third wave of shareholding continues, insurance funds have raised their stakes 15 times this year, and bank stocks are favored.

According to statistics, as of May 31st, 7 insurance companies have implemented a total of 15 shareholding acquisitions, exceeding the total number of shareholdings in 2023, and approaching the total number of shareholdings in 2024. This wave of shareholding acquisitions, which started in 2024, has been going on for over a year and shows no sign of weakening. Insurance companies have already acquired shares over 30 times from last year to date. Since 2024, insurance companies have entered the third peak of shareholding acquisitions. Huatai Securities analysis indicates that the driving force behind this wave of shareholding acquisitions comes from the increasing investment pressure of insurance companies in the environment of declining interest rates. Insurance companies need to invest in high-yield stocks to generate stable cash income, and increasing long-term equity investments can help achieve stable investment returns. In general, in the recent two waves of shareholding acquisitions by insurance companies, bank stocks have been important investment targets. Of the 12 listed companies targeted by insurance shareholdings this year, 5 are banks. Among them, China Merchants Bank, Postal Savings Bank, Agricultural Bank and other bank H shares have been targeted for a second time.