On January 18, the latest information from the Hong Kong Stock Exchange showed that the National Council for Social Security Fund had reduced its holdings of more than 231 million H shares of Industrial and Commercial Bank of China at an average price of HK$4.0840 per share on January 12, cashing out more than 940 million shares. Hong Kong dollar, the shareholding ratio dropped from 9.17% to 8.91% after the reduction. Not long ago, insurance capital also reduced its holdings of ICBC H shares. On January 9, Ping An Life Insurance reduced its holdings of 27.131 million ICBC H shares at an average price of HK$4.1436 per share, involving approximately HK$112 million. After the reduction, Ping An Life’s shareholding ratio dropped from 14.02% to 13.99%. | Related reading (Financial Association)
Shi Jingshan Xin Zhilei
Recently, bank stocks have just come out of the New Year’s Eve market, and it is more of a restoration of the previous market. This time ICBC’s H shares were reduced by the social security fund. I don’t know if the social security is short of money, or if it is swapped for shares.
If you look back, the social security fund will sell and reduce its holdings every once in a while. In 2019, he reduced his holdings of Bank of Communications H shares, and he also reduced his holdings of Bank of China H shares in 2021 (twice) and 2022.
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