With the disclosure of the annual reports of Listed Companies in 2021, the heavy positions of circulating shares of insurance companies have gradually surfaced. From the current disclosure, the first new stocks of insurance capital in the fourth quarter mainly involve materials, semiconductors, auto parts, energy and other industries. Among them, the material industry is the most popular, but in terms of stock price performance, 70% of the stock price has fallen since this year.
In terms of attitude towards real estate stocks, China Life Insurance Company Limited(601628) and Xinhua Life Insurance showed differences. Xinhua life insurance increased its position by China Vanke Co.Ltd(000002) , while China Life Insurance Company Limited(601628) reduced its position by China Vanke Co.Ltd(000002) Real estate stocks including Financial Street Holdings Co.Ltd(000402) and China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) were also underweight by insurance capital. Bank stocks are still heavily held in insurance capital, and a few bank stocks are cashed in floating profits by reducing their holdings of insurance capital. People in the insurance industry said that they would allocate some of the core assets to pursue long-term benefits in time.
new material industry in the fourth quarter, but 70% of the share price fell
What industry stocks did venture capital enter in the fourth quarter? According to incomplete statistics by the financial Associated Press reporter, in the list of heavy positions of circulating shares disclosed at present, the first new industries of insurance capital in the fourth quarter of 2021 mainly include materials, semiconductor and semiconductor production equipment, technical hardware and equipment, automobile and auto parts, food and beverage, capital goods, energy and other industries.
In the fourth quarter of 2021, a number of insurance companies entered into relevant stocks in the material industry, including Fushun Special Steel Co.Ltd(600399) , Ningxia Building Materials Group Co.Ltd(600449) , Zhuzhou Times New Material Technology Co.Ltd(600458) , excellence energy, Gansu Qilianshan Cement Group Co.Ltd(600720) , Henan Liliang Diamond Co.Ltd(301071) , Kaili Catalyst & New Materials Co.Ltd(688269) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , etc.
However, from the perspective of stock price performance, 70% of the stocks have fallen to varying degrees since the beginning of this year. The year to date declines of Fushun Special Steel Co.Ltd(600399) , Zhuzhou Times New Material Technology Co.Ltd(600458) , shengmei Shanghai, Kaili Catalyst & New Materials Co.Ltd(688269) , Espressif Systems (Shanghai) Co.Ltd(688018) , Zhangjiagang Guangda Special Material Co.Ltd(688186) and other share prices were 42.87%, 29.46%, 32.73%, 24.32%, 36.98% and 44.43% respectively.
The share prices of some individual stocks were relatively resistant to decline. Yunhuatian, China Shenhua Energy Company Limited(601088) , Inner Mongoliayuan Xing Energy Company Limited(000683) and Inner Mongoliayuan Xing Energy Company Limited(000683) year to date rose by 47.66%, 35.75% and 36.3% respectively.
Some people in the insurance asset management industry pointed out that after the adjustment and release in the first quarter, the current market valuation has a high cost performance. In the short term, the market will still fluctuate repeatedly at the bottom, but after entering the second half of the year, it is expected that with the continuous development and implementation of the “steady growth” policy, the economic fundamentals and corporate profits are expected to bottom up, and the market environment is expected to be significantly improved.
Xinhua Life Insurance‘s position increase in the fourth quarter China Vanke Co.Ltd(000002) China Life Insurance Company Limited(601628) reduction
It is worth noting that according to the annual report of China Vanke Co.Ltd(000002) , Xinhua life insurance became the ninth largest shareholder of China Vanke Co.Ltd(000002) at the end of the fourth quarter of 2021, holding 81.62 million shares. In 2021, the rate of return on New China Life Insurance Company Ltd(601336) total investment reached 5.9%, ranking first among the five A-share listed insurance companies.
In contrast to Xinhua life insurance, China Life Insurance Company Limited(601628) reduced its holdings of China Vanke Co.Ltd(000002) , and withdrew from the top ten shareholders in the fourth quarter of 2021.
Zhang Di, chief investment officer of China Life Insurance Company Limited(601628) pointed out not long ago that China Life Insurance Company Limited(601628) investment in real estate accounts for less than 4% of total assets. In the future, in terms of real estate layout, China Life Insurance Company Limited(601628) will continue to adopt a prudent strategy, focusing on New infrastructure projects encouraged and supported by national policies, such as logistics industrial park, to meet the needs of long-term allocation.
In addition, a number of real estate stocks were also reduced Financial Street Holdings Co.Ltd(000402) was reduced for many times in 2021, including Financial Street Holdings Co.Ltd(000402) 2981 million shares and 89.5 million shares in the third quarter and fourth quarter of 2021 respectively; Harmonious health insurance reduced Financial Street Holdings Co.Ltd(000402) 5909600 shares in the first quarter of 2021. In addition, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) was also reduced by China Life Insurance Company Limited(601628) to 6.8553 million shares in the fourth quarter of 2021.
bank shares are still heavily held in insurance capital, and several bank shares are reduced
From the position situation, bank stocks are still the industry with heavy positions of insurance companies. Among them, ‘s 00000one 988 and China Construction Bank Corporation(601939) are heavily held stocks of insurance companies.
However, many banks were significantly reduced by insurance capital in the fourth quarter of last year. Among them, Agricultural Bank Of China Limited(601288) was reduced by China Life Insurance Company Limited(601628) by 362 million shares Postal Savings Bank Of China Co.Ltd(601658) was reduced by China Life Insurance Company Limited(601628) by 208 million shares Industrial And Commercial Bank Of China Limited(601398) was reduced by China Life Insurance Company Limited(601628) to 32311900 shares China Merchants Bank Co.Ltd(600036) was reduced by 161 million shares held by everyone life.
“Insurance funds are long-term funds. In the total asset allocation, some are core assets held for a long time, and some are efficiency assets that pursue time gains, so there will be a situation of changing positions in a quarter,” a person from the insurance asset management industry told the financial associated press.
