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Source: China Fund News
China Fund News Jiang Youyou
Great Wall Life Insurance, with total assets of more than 100 billion yuan, raised two A-share listed companies.
After the closing on May 17, Jiangnan Water Affairs 、 Urban development environment It was disclosed in succession that Great Wall Life Insurance increased its shareholding in the company by 5%.
Great Wall Life said that the two companies were long-term investments based on the allocation needs of insurance companies and the allocation value of listed companies, and the funds came from their own funds. And it does not rule out continued overweight in the next 12 months.
Two A-shares raised at one time
Buy continuously for 5 consecutive months!
Jiangnan Water issued a simple report on changes in equity, saying that before this change in equity, Great Wall Life Insurance Co., Ltd. held 46425700 ordinary shares in Jiangnan Water, accounting for 4.9642% of the total capital stock of Jiangnan Water. After the equity change, Great Wall Life Insurance Co., Ltd. held 46761700 shares of the listed company, accounting for 5.0001% of the total share capital of Jiangnan Water.
It is worth noting that since January this year, Great Wall Life has been buying for five consecutive months, until it reaches 5% of the "brand line".
The same is true for the Chengfa environment, which has been buying for five consecutive months until it reaches the level of raising cards.
For the two A-shares listed, Great Wall Life Insurance said that this equity change was a long-term investment based on the allocation needs of the insurance company itself and the allocation value of the listed company, and the capital was from its own funds. After this equity change, it does not exclude the possibility of continuing to increase the shares of the listed company in the next 12 months on the basis of complying with the current effective laws, regulations and normative documents.
The relevant person in charge of Great Wall Life said to the media that this listing of two listed companies is an important manifestation of the company's practice of the long-term investment concept of insurance funds, promoting the long-term healthy development of listed companies, and playing the role of patient capital of insurance funds.
Both Jiangnan Water and Chengfa Environment are undervalued public utility stocks, and their total market values are small, less than 10 billion yuan, and both are local state-owned enterprises.
The main business of Jiangnan Water Affairs is the production and sale of tap water; Tap water drainage and related water treatment business, as well as engineering business and drainage business, with the development of the company and the increase of drainage operation and maintenance services, the original sewage treatment business is adjusted to drainage business.
Chengfa Environment is a listed company held by Henan Investment Group. Its business involves waste treatment, water investment, construction and operation, highway investment and operation and other key areas. It has become a national comprehensive environmental protection platform.
Six A-shares have been listed with 100 billion insurance funds
Great Wall Life Insurance Co., Ltd., officially established on September 20, 2005, headquartered in Beijing, has a registered capital of 6.219 billion yuan, and its total assets will exceed 100 billion yuan by the end of 2023.
And it is not just Jiangnan water and urban development environment. Great Wall Life also raised a card Financial Street 、 Wuxi Bank 、 Zhongyuan Expressway 、 Zhejiang Jiaoke And other listed companies.
In the latest speech, Bai Li, Chairman of Great Wall Life, said that in 2023, the company's premium income will exceed 20 billion yuan, its total asset scale will cross the platform of 100 billion yuan, the level of comprehensive return on investment will gradually increase, assets and liabilities will be driven by two wheels, business structure will continue to optimize, quality indicators will show bright performance, significant cost reduction and efficiency increase results, and the value of new business will continue to grow, The organization layout extends to the west, and the health management company is established. The company's various regulatory evaluations have steadily improved.
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