010-84647718
Approved by the State Council and Ministry of Civil Affairs CICCPS is a comprehensive chamber of commerce specialized in facilitating overseas investment of Chinese private enterprises
NewsCurrent:Home > News > Member

The galaxy for the first time placards Xinhua Insurance continued to promote overseas mergers and acquisitions

Source:CICCPS Release time:2016/8/12 
Frequently holdings, Fosun Group in August 8th reached Xinhua Insurance placards line, up 5.01% stake. In fact, the galaxy has a special liking for the insurance industry can be described as love, founder Guo Guangchang as "Buffett apprentice" itself, said on many occasions to imitate Buffett's "insurance + investment" two wheel drive mode. Buy buy buy fuxingxi in overseas markets, but the Hong Kong stock market is still the base camp. In fact, the background of the asset shortage, as the valuation of the Hongkong market depression is the incremental funding market, this trend is expected to continue.
With a number of insurance companies for the first time the Xinhua Insurance placards fuxingxi
Xinhua equity has long coveted Fosun recently, Xinhua insurance placards. Last night, Xinhua Insurance announcement said, Shanghai Fosun high tech group in August 8th through the centralized trading way to buy 550 thousand shares of Xinhua Insurance shares, Xinhua Insurance accounted for about 0.02% of the total share capital. After the holdings, Guo Guangchang for the first time, Xinhua insurance placards.
In recent years, Fosun has been in the holdings of the Xinhua insurance, this year is more frequent holdings. According to the Hong Kong stock exchange information disclosure, as of December 19, 2014, the number of shares held by Fosun Xinhua Insurance 72 million 462 thousand shares, to November 12, 2015, this figure rose to 102 million 183 thousand and 700 shares.
Why buy Hong Kong stocks fuxingxi Xinhua insurance rather than A shares? From the price point of view, the current Xinhua insurance A/ H share premium of 63%, is the lowest value since October 2015. According to the insiders, Fosun Group bought A shares and H shares of Xinhua insurance premium, probably due to the larger two.
As of August 10th closing, Xinhua insurance A shares closed at 39.8 yuan / share, H shares closed at HK $28.45 / share. By 1 Hong Kong dollar to RMB 0.85770 yuan exchange rate calculation, H shares for 24.4 yuan / share, which means H shares than A shares discount as high as 38.69%, cheaper by nearly 40%.
In fact, the galaxy has a special liking for the insurance industry can be described as love, founder Guo Guangchang as "Buffett apprentice" itself, said on many occasions to imitate Buffett's "insurance + investment" two wheel drive mode.
In addition to the recent disclosure of the Xinhua insurance, Fosun's Department has been holding shares or the 7 insurance companies, including insurance, Yongan Fosun letter Baode life insurance company, Hongkong Ding Rui reinsurance company, through overseas acquisitions of the Portuguese insurance group Caixa Seguros, a U.S. insurance company Ironshore, specializing in labor insurance of American insurance company MIG, recently approved by the CIRC and the establishment of joint Fosun health insurance Limited by Share Ltd.
Complete the history of the largest pharmaceutical companies overseas mergers and acquisitions Fosun sea Amoy buy buy buy"
Brazil, India, Portugal and the United kingdom...... Once regarded the pace of mergers and acquisitions have slowed this year overseas Fosun Group during the end of July suddenly announced four transactions. However, followed one after another overseas mergers and acquisitions are rising together Fosun's debt.
Fosun in July last 7 days of intensive disclosure 4 cases of overseas acquisitions, including the acquisition of India Fosun Pharmaceutical Company Gland Pharma transaction is considered to be the largest in the history of Chinese pharmaceutical companies overseas mergers and acquisitions, involving a total amount of $1 billion 261 million. It also includes: Fosun international wholly acquired British wolves Football Club (July 25th); Fosun Group's acquisition of Brazil real estate investment company Rio Bravo (July 30th); Fosun international invested less than 240 million euros, the acquisition of Portugal's largest non state-owned bank Banco Comercial Portugues S.A. (BCP) 16.7% stake (July 31st).
In addition, the Hong Kong stock market, Fosun Group also in this year has shot holdings. According to the stock exchange data show that in April 14th, Fosun International Holdings intime business 1 million shares or 0.04%, price of 6.153 yuan per share, the total value of 6 million 150 thousand yuan, the latest shareholding increased to 5.01%.
Hong Kong stock market value of the land set off a wave of international capital holdings
Buy buy buy fuxingxi in overseas markets, but the Hong Kong stock market is still the base camp. In fact, the background of the asset shortage, as the valuation of the Hongkong market depression is the incremental funding, a number of fund managers expected, this trend is expected to continue.
Societe Generale Securities previously released a research report that the Shanghai and Hong Kong through South Trading in recent months large net inflow of funds to accelerate. At present, Hong Kong stocks through the total balance remaining less than 50 billion yuan. 6-7 month average daily 1 billion 700 million yuan to estimate the amount of net purchases, thirty trading days or so will run out of balance. Do not rule out the possibility of the introduction of Shanghai and Hong Kong through the recent expansion and Shenzhen Hong Kong through him.
According to Everbright Securities reports, overseas investors may be picking up enthusiasm for investment in Hong Kong stocks, in particular, optimistic about the defensive blue chips with significant valuation advantage. In fact, according to EPFR data, as of the week of July 20th, about $810 million net inflow of funds into the mainland and Hongkong stock market, is the net inflow since June 2015 the largest single week period of emerging market funds, the net inflow of $4 billion, is the third consecutive week of net capital inflows.
This year, Shanghai and Hong Kong through deep fund centralized expansion, as of August 8th, according to Choice statistics, is working on the market deep Shanghai and Hong Kong a total of 31 funds, of which 8 was founded in 2015, the remaining 23 are concentrated in this year was established. In addition, there are 2 in the state as well as 5 in the state of approval and approval.
It is worth noting that, is the issue of Qianhai open source Shanghai and Hong Kong Shenzhen New Opportunity Fund, a total of Qianhai open source fund layout 8 Shanghai and Hong Kong Shenzhen fund, which shows the company's high expectations for such funds.
Contact Us

010-84647718

info@ciccps.org