Bank stocks and other high dividend assets are favored by risk-averse investors.

The Hong Kong Stock Exchange disclosed that recently, Minsheng Life Insurance Co., Ltd. bought 1 million H shares of Zheshang Bank on the exchange at an average price of HK$2.77 per share, with a total investment of approximately HK$2.77 million, reaching 5% of the bank's H share capital. According to the rules of the Hong Kong stock market, this triggered a mandatory offer. According to statistics compiled by reporters, Zheshang Bank is the 7th listed bank this year to be subject to a mandatory offer by an insurance company. Prior to this, Minsheng Life Insurance held 295 million H shares of the bank, accounting for 4.98% of the bank's total issued H shares.