Motorway concept
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Evergrande's "pitfall" in which Shenzhen Anju Group faced a debt recovery of 2 billion from Shandong Hi-speed.
① Due to the payment issues related to the equity transfer from Evergrande, a new round of tug-of-war has arisen over the debt disputes between influential state-owned enterprises in Shenzhen and shandong; ② Shandong hi-speed stated on the Shanghai Stock Exchange e-interaction platform that, as of now, the court has not yet made a ruling on the case. Meanwhile, Changying Jincheng has successively submitted the "Application for Restoration of Enforcement" to the court three times on June 14, September 19, and November 18, 2024.
Insurance capital is intensively increasing stakes in dividend stocks! What is the reason?
Currently, there are quite a few shareholders of insurance funds that hold more than 5% of the circulating shares of listed companies. In addition to some being unlocked restricted shares, there have also been many actions of shareholding and new stakes taken, with at least 14 instances of such actions this year.
Insurance funds are heating up again! China Post Insurance increased its shareholding in Anhui Expressway listed in Hong Kong to 5.0360%, with two insurance companies taking action this week, bringing the total number of investments this year to 13 times.
China Post Insurance has increased its shareholding in Anhui Expressway's listed in Hong Kong to 5.0360%, triggering a disclosure of shareholding. Recently, insurance funds' shareholding has once again heated up, with two instances of shareholding within a week, second only to August of this year in terms of frequency. As of November 6, there have been a total of 13 instances of shareholding by insurance companies this year, involving a total of 12 listed companies.
"Repurchase, shareholding, and re-lending" is quickly implemented! The scale has exceeded 10 billion yuan, with central enterprises leading the trend.
①Yesterday, the first batch of 23 listed companies have disclosed information on shareholding, repurchasing, and additional financing, with the total amount involved exceeding one billion yuan; ②Among central state-owned enterprises, two major shipping giants, China Merchants Group and cosco shp sg, have multiple companies involved, while private enterprises are represented by industries such as aquaculture, photovoltaics, and semiconductors; ③Market participants believe that the new policy on additional financing has received enthusiastic responses, which will help further activate the market and bring more liquidity.
Express News | This morning, the chairman of the board proposed a stock repurchase announcement for the listed companies in the China Merchants Group.
Unveil! With huge trading volume, which A-shares are institutions chasing after?
The heat of A shares is still continuing!
Hong Kong, Macao, and foreign tourist groups can enjoy a 144-hour visa-free entry to hainan, which can help boost consumer return and promote the recovery of related enterprises' performance.
The National Immigration Administration has announced the implementation of a 144-hour visa-free policy for foreign tourist groups entering Hainan from Hong Kong and Macao starting July 30, 2024. According to data from Ctrip's overseas platform, inbound tourism orders to Hainan Province have increased by 84% year-on-year, with hotel and airline orders increasing nearly 80%.
Insurance funds are using their advantage of "patient capital" to increase their shareholdings in the equity market. China Great Wall Life Insurance Co. has been increasing its shareholding in assets with high ROE and dividend payouts.
After triggering the disclosure requirements, such assets may be classified as equity securities or measured at fair value through other comprehensive income (FVOCI). It is expected that insurance funds will face certain difficulties in increasing their shareholding of equity assets within the framework of large asset allocation. The industry suggests paying attention to structured opportunities that are bullish on assets with high ROE and dividends.
Why do insurance companies buy shares in A-share companies frequently this year? China Great Wall Life Insurance Co., Ltd. holds 5 seats alone after 6 times of shareholding in A-share companies this year.
Among the six acquisitions in the insurance industry since the beginning of the year, only Changcheng Life Insurance won five positions; In the first quarter of 2024, Changcheng Life Insurance recorded a net loss of 355 million yuan; High cost liabilities may force the company to maintain a radical investment strategy on the asset side.
After 2 years of arbitration, the 2 billion yuan Evergrande equity dispute between Shandong Expressway and Shenzhen Anju Group was settled
① Due to the 2 billion yuan equity transfer, Anju Group and Shandong Expressway, two powerful local state-owned enterprises, have been in arbitration for more than 2 years. With the arbitration results released, the dispute between the two parties will soon come to an end. ② Two companies, Anju Group and Shandong Expressway, have a dispute involving matters relating to the transfer of Evergrande's shares.
The matter involved Evergrande's equity transfer, and the Shenzhen state-owned enterprise was ordered to pay 2 billion yuan in breach of contract with Shandong Expressway
Previously, Shandong Expressway Resources, Shandong Expressway Investment, and Changying Jincheng respectively transferred 2.1167%, 1.4111%, and 1.1759% of their shares in Evergrande Real Estate to Shenzhen Talent Housing Group, for a total amount of 20 billion yuan.
VNET Group Inks Strategic Partnership With Shandong Hi-Speed Holdings Group Limited
China and Vietnam join hands to build a common destiny, and rapid growth in bilateral trade is expected to drive related enterprises to take off
China and Vietnam announced the new position of relations between the two parties and the two countries. On the basis of deepening the comprehensive strategic partnership between China and Vietnam, China and Vietnam will join hands to build a strategically significant common destiny between China and Vietnam.
VNET Announces $299M Strategic Investment From Shandong Hi-Speed Holdings Group
Has the “buy buy buy” mode started again? Five months after listing, Great Wall Life once again increased its holdings in the Central Plains Expressway. It had just increased its holdings in Zhejiang Jiaotong Technology
① Zhongyuan Expressway recently received another increase in holdings from Great Wall Life, with a cumulative shareholding ratio of 6%. ② Previously, Zhejiang Jiaotong Technology also received another increase in holdings from Great Wall Life, with a cumulative shareholding ratio of 7.0289%. ③ Great Wall Life increased its holdings of the Central Plains Expressway and Zhejiang Jiaotong Technology several times during the year, and listed both in early June this year.
Jiangsu Expressway Company Limited Reports FY Results
Direct impact of changes | The Anhui Wantong Expressway rose more than 8%, and the company's dividend rate increased to 75%
According to the news, the company stated that under the conditions for cash dividends, the profit distributed by the company in the form of cash each year is not less than 75% of the net profit of the parent company owners in the consolidated statements realized in that year.
Featured Announcements | Taobo: The total sales volume of the retail and wholesale business in the past fiscal quarter recorded a low 20-30% year-on-year increase
Shiyao Group: The first domestic anti-GFRAL monoclonal antibody JMT203 was approved for clinical trials in China; L'Occitane: Group sales reached 2,135 billion euros in FY2023.
From “hard to find in a box” to “looking for goods by boat”! The crazy shipping scene is no longer there, many shipping companies are losing stock prices, and industry insiders say the outlook is bleak
Over the past six months, global shipping prices have continued to fall from a high level. Although they are still several times higher than before the pandemic, they have fallen by nearly half since the previous high.
Chengfa environment: the construction of municipal solid waste incineration power generation project in Xiping County has been completed and put into operation.
According to Chengfa Environmental notice, all units of the municipal solid waste incineration power generation project in Xiping County completed "72-24" hourly trial operation on December 19, with stable equipment operation, good economic indicators and environmental protection parameters up to the standard.