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What does the power giant CPIC think?

2024-08-10

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Economic Observer reporter Wang Qing After a year and a half of silence, the "Taibao Group" once again took action to acquire stakes in two Hong Kong-listed companies - China Huadian Power International Corporation Limited (hereinafter referred to as "Huadian International") and Huaneng Power International Corporation Limited (hereinafter referred to as "Huaneng International").

After holding Tianqi Lithium H shares and Everbright Environment H shares in 2022 and 2023 respectively, the "Taibao Group" has not made any new moves. It is worth mentioning that as a cornerstone investor in Tianqi Lithium's Hong Kong initial public offering, the "Taibao Group" has not only failed to obtain the expected generous returns, but also suffered a large floating loss in its holdings.

Regarding the holding of listed power companies, China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as "China Pacific") said in an interview with Economic Observer on August 8 that the shareholding ratio exceeded 5% of the listed companies' issued capital on the Hong Kong Stock Exchange because the issued capital of these companies was not large. China Pacific's investment in these companies accounted for a very low proportion of its overall equity assets.

"In terms of industry allocation and product selection, the company maintains appropriate diversification, reduces the volatility risk of the portfolio through diversified investment, improves the overall risk-return ratio, does not concentrate on a certain field, and does not bet on individual companies." China Taiping said that the performance of the overall investment portfolio depends on the long-term value growth of the company, rather than being determined by the short-term rise and fall of individual products.