With the disclosure of the first quarterly report of Listed Companies in 2022, the position of insurance capital surfaced.
According to the data, a total of 232 insurance institutions and their products appear in the list of the top ten circulating shareholders of 581 listed companies in the first quarter. From the perspective of shareholding changes, insurance capital has increased its holdings in real estate, civil engineering, construction and other industries, and financial stocks dominated by banking industry are still the heavy positions of insurance capital.
Many insiders said that the current equity market has medium and long-term allocation value, and short-term adjustment is a good opportunity to increase the long-term layout. With the full release of the selling pressure in the early market, it is expected that A-Shares will start the medium-term repair market for several months from May.
increase holdings in these industries
In terms of industry, insurance capital increased investment in the real estate industry in the first quarter. In the first quarter, among the top ten shares of increased shares held by insurance capital, China Vanke Co.Ltd(000002) and Jinke Property Group Co.Ltd(000656) were from the real estate industry. In addition, computer, communication and other electronic equipment manufacturing, chemical raw materials and chemical products manufacturing were also increased by insurance capital.
From the changes in the number of shares held by insurance capital, the largest increase in the number of shares held by insurance capital in the first quarter of 2022 was China National Chemical Engineering Co.Ltd(601117) , with a total increase of 92.57 million shares China Vanke Co.Ltd(000002) followed, with an additional 90.15 million shares held by New China Life Insurance Company Ltd(601336) – dividend – individual dividend Boe Technology Group Co.Ltd(000725) , Jinke Property Group Co.Ltd(000656) were increased by 89.77 million shares and 81.53 million shares respectively by insurance capital, ranking third and fourth respectively.
Rongye is still a “good heart”
From the situation of heavy positions of circulating shares of insurance companies, the financial industry is still the “heart” of insurance funds. Among the top 10 listed companies with heavy positions of single insurance capital, except China United Network Communications Limited(600050) one non-financial institution, all the rest are covered by banks and insurance institutions; If the list is expanded to the top 20, 17 listed companies are from the financial industry.
Among them, China Life Insurance Company Limited(601628) taking advantage of the group’s advantages, China Life Insurance Company Limited(601628) insurance group holds 19.3 billion shares, accounting for 92.8% of its outstanding shares, far exceeding other listed companies. Ping An Insurance Group currently holds Ping An Bank Co.Ltd(000001) 96 billion shares, accounting for 49.57% of its outstanding shares. In addition, Ping An Bank Co.Ltd(000001) is also held by Ping An Department insurance assets such as Ping An Life Insurance China Minsheng Banking Corp.Ltd(600016) is held by 4.5 billion shares and 1.4 billion shares respectively by universal products and traditional products under everyone life insurance China United Network Communications Limited(600050) obtained ” China Life Insurance Company Limited(601628) – traditional general insurance products” and held 3.19 billion shares, unchanged from the previous period.
From the change of the number of circulating shares held by insurance assets, Industrial And Commercial Bank Of China Limited(601398) shares were reduced by Ping An Insurance (Group) Company Of China Ltd(601318) Life Insurance Co., Ltd. – traditional general insurance products by 736 million shares at the end of December 2021 compared with the end of September. However, after the reduction, the number of Industrial And Commercial Bank Of China Limited(601398) shares held by this product still reached 2.95 billion.
From the industry of the circulating shares with heavy positions of insurance capital, in addition to the financial industry, telecommunications service industry, energy industry, real estate industry, non-ferrous metal smelting and calendering processing and other industries are also favored by insurance capital. In addition, among the newly increased shares of insurance capital, real estate industry, chemical raw materials and chemical products manufacturing industry, special equipment manufacturing industry, computer, communication and other electronic equipment manufacturing industry have become the new favorite of insurance capital.
A-Shares will start the medium-term repair market
Looking forward to the future, Citic Securities Company Limited(600030) said that the factors affecting the market in the early stage have taken a turn one after another. With the full release of market selling pressure, it is expected that A-Shares will start the medium-term repair market for several months from May China Industrial Securities Co.Ltd(601377) believes that on the whole, the current market is at the bottom.
Many insurance asset management companies believe that the investment of insurance funds is based on the long-term, and the low position increase often obtains a better return. At present, the equity market has medium and long-term allocation value, and short-term adjustment is a good opportunity to increase the long-term layout.
In combination with the first quarterly report and the prospect of future prosperity, China Industrial Securities Co.Ltd(601377) it is suggested to focus on the following three directions: first, consumption of core assets, such as alcohol, duty-free, aviation, scenic spots and hotels. Second, the “steady growth” sector, such as infrastructure, real estate, banking, etc. Third, new energy, semiconductors and military industries have strong immunity and maintain high prosperity, such as new military materials, photovoltaic modules, wind power machines, semiconductor materials, 5g optical fiber and cable, UHV
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