A new wave of positive market developments is emerging.
Market support actions from listed companies and public funds are continuing.
On July 20th, two major insurance companies stated their commitment to being "patient capital." China Pacific Insurance (Group) Co., Ltd. (SHSE: 601601) announced at midday that it firmly believes in the long-term positive fundamentals of China's economy, is confident in the prospects of China's capital market, and adheres to an investment philosophy of "value investing, long-term investing, prudent investing, and responsible investing." It sees long-term allocation value in China's equity market. Since the beginning of this year, China Pacific Insurance has leveraged the long-term investment advantages of insurance funds to increase its equity allocation ratio. It will continue to invest in stocks and ETFs in sectors like technology growth, consumer goods, and new energy to support the cultivation and development of new quality productive forces, acting as true patient capital for the market.
That evening, Ping An Insurance (Group) Company of China, Ltd. (SHSE: 601318) announced that, as a large comprehensive financial group and a significant force in capital market development, it is confident in the development prospects of China's economy and firmly optimistic about the long-term value of China's capital market. It will further leverage the advantages of its substantial long-term funds, flexibly use various comprehensive financial instruments and investment strategies, and continue to increase investment in strategic emerging industries, advanced manufacturing, new infrastructure, and value-oriented assets, demonstrating the responsibility of patient capital through concrete actions.
Simultaneously, two listed securities firms announced share repurchase plans. Zhongtai Securities Co., Ltd. (SHSE: 600918) announced that, based on confidence in the company's future development prospects and to protect the interests of all shareholders, enhance investor confidence, and stabilize and enhance company value, its Chairman Wang Hong has proposed that the company repurchase a portion of its shares through centralized bidding, with a repurchase amount between RMB 100 million and 200 million.
Hongta Securities Co., Ltd. (SHSE: 601236) announced that its Chairman Jing Feng has proposed the company use its own funds to repurchase a portion of its shares through centralized bidding, with a repurchase amount not less than RMB 50 million and not exceeding RMB 100 million.
On the afternoon of July 20th, Bosera Asset Management Co., Ltd. announced that, based on confidence in the long-term healthy and stable development of China's capital market, it will invest a total of RMB 50 million of its own capital into its equity-oriented public funds in the near future.
Furthermore, several listed companies have announced interim dividend plans.
Tonghua Shun Co., Ltd. (SZSE: 300033) announced that its Chairman Yi Zheng has proposed implementing a 2026 interim profit distribution plan, suggesting a cash dividend of RMB 2 per 10 shares (tax inclusive) based on the total share capital as of June 30, 2026, totaling a cash distribution of approximately RMB 151 million (tax inclusive), with no bonus shares or capital reserve conversion.
Chint Electric Co., Ltd. (SHSE: 601877) announced that its controlling shareholder, Chint Group, has proposed an interim dividend for 2026, distributing a cash dividend of RMB 0.5 per 10 shares (tax inclusive) to all shareholders, with no bonus shares or capital reserve conversion.
Hangzhou Hikvision Digital Technology Co., Ltd. (SZSE: 002415) announced that its Chairman Hu Yangzhong has proposed a cash dividend of RMB 5.50 per 10 shares (tax inclusive) to all shareholders, based on the total share capital on the record date for the future implementation of the 2026 interim profit distribution, with no bonus shares or capital reserve conversion.
Zhejiang Juhua Co., Ltd. (SHSE: 600160) announced that its Chairman Zhou Liyang has proposed, in accordance with the 2025 annual shareholder meeting resolution and authorization, and subject to relevant laws and the company's articles of association, a cash dividend of RMB 2.20 per 10 shares (tax inclusive) to all shareholders, based on the total share capital on the record date for implementing the 2026 interim profit distribution.
Shanghai International Airport Co., Ltd. (SHSE: 600009) announced that, to further enhance the investment value of the listed company, share development achievements with investors, increase investor returns, and promote high-quality development, the airport group has proposed that the company consider raising the interim cash dividend payout ratio for 2026 to approximately 55% when formulating the 2026 interim profit distribution plan.
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