The annual reports of Listed Companies in 2021 have been disclosed one after another, and the position of insurance capital has gradually surfaced. As of the press time of March 21, among the listed companies that have disclosed the annual report, 42 insurance institutions and products have appeared in the list of the top ten shareholders of listed companies.
A number of venture capital sources told the reporter of China Securities Journal that now is a good time to allocate stock assets. It is suggested to adopt the “I-centered” strategy, focusing on domestic substitution, domestic consumption, finance, real estate, national defense and military industry.
Zte Corporation(000063) popular
From the perspective of new institutional holdings, the data show that among the listed companies that have published their annual reports, Zte Corporation(000063) newly increased shares of insured capital are the most The Zte Corporation(000063) annual report shows that by the end of 2021, Xinhua Life Insurance – new traditional products held Zte Corporation(000063) 2803 million shares, ranking 10th in the list of Zte Corporation(000063) shareholders. In addition, Zhejiang Crystal-Optech Co.Ltd(002273) , Cecep Wind-Power Corporation(601016) , Zhejiang Windey Co.Ltd(300772) , Chongqing Fuling Zhacai Group Co.Ltd(002507) the number of newly increased shares held by insurance capital exceeded 5 million.
Among the newly held stocks of insurance capital, the largest proportion of insurance capital is Henan Liliang Diamond Co.Ltd(301071) , accounting for 8.27%; Shengmei Shanghai ranked second, with Xinhua Life Insurance – traditional – General insurance products accounting for 4.01% of its circulating a shares; In addition, the proportion of insurance capital in Zhejiang Windey Co.Ltd(300772) , Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040) , Zhangjiagang Guangda Special Material Co.Ltd(688186) circulating A-Shares has reached more than 3%.
new favorite of insurance capital
From the situation of heavy positions of circulating shares of insurance companies, among the listed companies that have disclosed their annual reports, Ping An Bank Co.Ltd(000001) is the most “valued”. Taking advantage of the group’s advantages, Ping An Bank Co.Ltd(000001) is held by Ping An insurance (Group), Ping An Life Insurance and Ping An Life Insurance – traditional – General insurance products with 9.62 billion shares, 1.19 billion shares and 440 million shares respectively, far exceeding other listed companies. Among them, Ping An insurance (Group) holds nearly half of Ping An Bank Co.Ltd(000001) circulating shares, accounting for 49.57%.
China United Network Communications Limited(600050) ranks second temporarily, holding 3.19 billion shares by China Life Insurance Company Limited(601628) insurance, accounting for 10.37% of its outstanding shares China Merchants Bank Co.Ltd(600036) respectively held 1.13 billion shares and 810 million shares by harmony health insurance and everyone life insurance, which was the same as the previous period.
From the perspective of the industry to which the heavily held circulating shares of insurance capital belong, the banking industry still ranks first, and half of the top ten heavily held shares of insurance capital come from the banking industry; In addition, satellite transmission and television are also heavily funded industries.
Among the newly increased shares of insurance capital, “computer, communication and other electronic equipment manufacturing industry” has become a new favorite of insurance capital, and listed companies in industries such as railway, ship, aerospace and other transportation equipment “,” electric power, thermal power production and supply industry “and” general equipment manufacturing industry “have been greatly increased by insurance capital.
risk appetite repair
Many insurance investors told reporters that now is a good time to allocate stocks. The current market valuation meets the stock selection requirements of insurance funds, and the market can gradually increase its position up and down 3000 points.
Guoshou assets believes that the risk appetite of the equity market has been significantly repaired. Position neutral insurance capital is expected to be based on the perspective of absolute return and gradually take advantage of the opportunity of bottom shock to increase positions on bargain hunting.
“The best time to increase positions in the first half of the year is from March to April.” Everbright Yongming asset related person in charge told reporters that now is a rare long window in the first half of the year. After the market oversold, there will be many opportunities to obtain excess returns when uncertain factors fall.
It is suggested that the assets of Guoshou should be allocated in a balanced manner, focusing on the two important main lines of steady growth and technological innovation. In the medium and long term, we still focus on the upgrading of technology industry. We are still optimistic about the allocation opportunities of new energy, semiconductors and other scientific and technological growth varieties. In the short term, we tend to be defensive and valuation repair. It is suggested to look for relevant sectors with undervalued value and expectation of boom reversal.
