Long-term funding "ballast stone" strategy highlighted, two insurance companies once again increased their holdings of bank H shares.

Long-term funds are seen as "ballast stones" for bank stocks and continue to be snapped up by insurance funds. The latest information disclosed by the Hong Kong Stock Exchange shows that Ping An Life recently increased its holdings of 26.515 million shares of Agricultural Bank of China H shares on the exchange. After the increase, Ping An Life's holdings of Agricultural Bank of China H shares have increased to 4.329 billion shares, exceeding 14% of the total H shares of the bank. On the same day, Hongkang Life increased its holdings of 47.215 million shares of Zhengzhou Bank H shares. Previously, Ping An Life had twice taken over Agricultural Bank of China H shares on February 17 and May 12, with the number of H shares held accounting for over 5% and 10% of the total H shares of the bank, respectively. According to statistics, from February 17 to August 13, Ping An Life has increased its holdings of approximately 2.84 billion shares of Agricultural Bank of China H shares, with a total investment of approximately HK$14 billion based on the interval trading average price. On August 13, Hongkang Life also increased its holdings of 47.215 million shares of Zhengzhou Bank H shares on the exchange, bringing its holdings to approximately 371 million shares. After the increase, the shares held by Hongkang Life accounted for over 18% of the total H shares of the bank, and accounted for 4.08% in the total share capital of the bank. Previously, Hongkang Life had taken over Zhengzhou Bank H shares consecutively on June 27, July 25, and August 8.