China Fund News Jiang You
Great Wall Life, which has total assets of more than 100 billion yuan, has raised 2 A-share listed companies at once.
After the close of trading on May 17, Jiangnan Water and Urban Development Environment successively disclosed that Great Wall Life's shareholding in the company reached a 5% "sign-up" line.
Great Wall Life said that the two companies are long-term investments based on the allocation needs of insurance companies and the allocation value of listed companies, and the funds come from their own funds. And it is not ruled out that it will continue to increase its holdings in the next 12 months.
Two A-shares have been bought for 5 consecutive months!
Jiangnan Water issued a simplified equity change report, stating that before the equity change, Great Wall Life Insurance Co., Ltd. held 46,425,700 RMB ordinary shares of Jiangnan Water, accounting for 4.9642% of Jiangnan Water's total share capital. After this equity change, Great Wall Life Insurance Co., Ltd. holds 46,761,700 shares of the listed company, accounting for 5.0001% of the total share capital of Jiangnan Water.
It is worth noting that the process of Great Wall Life Insurance's listing of Jiangnan Water has been buying for five consecutive months since January this year, until it reaches the "holding line" of 5%.
The same is true for the urban development environment, which has been buying for 5 consecutive months until it reaches the level of lifting.
For the two A-shares, Great Wall Life said that this equity change is a long-term investment based on the company's own allocation needs and the allocation value of listed companies, and the funds come from its own funds. After this change in equity, it is not excluded that 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 told the media that the raising of the two listed companies this time is an important embodiment of the company's practice of the long-term investment concept of insurance funds, the promotion of the long-term healthy development of listed companies, and the role of insurance funds in patient capital.
Jiangnan Water and Urban Development Environment are both low-valued public utility stocks, and the total market value is not large, less than 10 billion yuan, and they are all local state-owned enterprise backgrounds.
Jiangnan Water's main business is the production and sale of tap water; With the development of the company and the increase of drainage operation and maintenance services, the original sewage treatment business was adjusted to the drainage business.
As a listed company controlled by Henan Investment Group, Chengfa Environment's business involves key areas such as waste disposal, water investment, construction and operation, and highway investment and operation, and has become a national comprehensive environmental protection platform.
100 billion insurance funds have raised 6 A-shares
Great Wall Life Insurance Co., Ltd., formally established on September 20, 2005, is headquartered in Beijing, with a registered capital of 6.219 billion yuan and total assets of more than 100 billion yuan by the end of 2023.
And it's not just Jiangnan Water and Urban Development Environment. Great Wall Life Insurance also raised listed companies such as Financial Street, Wuxi Bank, Zhongyuan Expressway, and Zhejiang Jiaotong Technology.
In the latest speech, Bai Li, chairman of Great Wall Life Insurance, said that in 2023, the company's premium income will exceed 20 billion yuan, the total asset scale will cross the 100 billion platform, the comprehensive investment return rate will gradually increase, the two-wheel drive of assets and liabilities, the business structure will be continuously optimized, the quality indicators will perform well, the cost reduction and efficiency increase will be remarkable, the value of new business will continue to grow, the institutional layout will be extended to the west, and the health management company will be established. The company's various regulatory evaluations have been steadily improved.
Editor: Captain
Review: Muyu