In the last 6 trading days, 4.204 million shares were net purchased, and the shareholding ratio increased from 10.91% to 11.03%.
The Zhitong Finance App learned that the Hong Kong Stock Connect shareholding ratio data shows that Southbound Capital continues to increase its holdings in Taiping, China (00966). In the last 6 trading days, 4.204 million shares were net purchased, and the shareholding ratio increased from 10.91% to 11.03%. Of these, a net purchase of 730,000 shares was made the day after the results were announced.
China Taiping achieved profit attributable to shareholders of HK$6.190 billion in 2023, an increase of 44.1% over the previous year. Total assets exceeded HK$1.5 trillion, up 14.2% from the end of 2022; the scale of investment assets under management was close to HK$2.5 trillion. The value of the new life insurance business reached RMB 8.515 billion, up 27.8% year on year; from January to February 2024, the value of the new insurance business increased by more than 300% year on year; the value of the new banking insurance channel increased by more than 400% year on year.
According to Wind data, since November 2023, Southbound Capital's shareholding share of China Taiping through the Hong Kong Stock Connect channel has been rising steadily, from 9.8% to 11.03%. The average holding cost of Hong Kong Stock Connect is around 6.60. Up to now, it is in a slightly inflated state. The continued increase in Hong Kong Stock Connect's shareholding share shows that mainland investors are optimistic about China Taiping's future performance.