中国平安等中国险企正加速增持大型银行股，押注股息收益将抵消利差收窄与盈利承压的双重不利因素。
据Bloomberg基于交易所数据测算，自2023年底以来，平安对多家大型银行港股持仓总额已攀升至1800亿港元（约合230亿美元）。其增持行动使工商银行港股持股比例最高触及18%，招商银行与农业银行港股持仓均增至15%以上（若计入A股持仓，整体持股比例将显著降低）。
此番激进投资凸显出在有限投资渠道中，市场对高收益资产需求的激增。尽管监管部门曾引导国有险企将年度新增保费30%配置于A股，但港股银行股因估值低廉与高股息率更具吸引力。
其他险企亦积极布局：瑞众人寿3月将中信银行港股持股从4.98%增至5%；新华保险1月从澳洲联邦银行购入杭州银行5.45%的A股。
平安表示，其偏好银行股的类固收特性与国家背书，低波动性与高股息将贡献可观利差收益，同时配置非银股以分散风险。目前平安险资投资组合总规模达5.9万亿元（8220亿美元）。
险资涌入引发板块普涨，恒生中国银行指数创七年新高。年内领涨的中信银行股价刷新历史纪录，农行周二收盘价创2010年上市以来峰值。
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