Hedge funds have made 39 shareholding disclosures this year, with over 80% of their targets being H-share companies.

Since the beginning of this year, insurance funds have shown a strong enthusiasm for increasing their stakes in companies. According to statistics, as of now, insurance funds have collectively made 39 stake acquisitions, involving 14 insurance institutions and 28 listed companies. This data is only lower than the historical peak of 62 stake acquisitions in 2015. In terms of investment targets, insurance funds prefer high-dividend stocks in industries such as banks, infrastructure, and logistics, as well as H-shares of listed companies. Specifically, out of the 39 stake acquisitions made by insurance funds this year, 32 were in H-shares of listed companies, accounting for over 80% or 82%. There were a total of 13 stake acquisitions in banks, accounting for 33%. At the same time, the dividend yields of many stocks targeted by insurance funds, such as Datang New Energy, Beijing Holdings, and Sichuan Road and Bridge, are all above 4%. Some insurance companies have continued to increase their stake in a company after their initial stake acquisition, leading to multiple stake acquisitions in the same target.