Guo Shou holds CCB shares without lock-up period can be sold at any time

Big Bulletin, the Chinese Life group from the Bank of America took over the CCB (00939) 2.768 billion shares in less than half a month, the parent company and China Life (02628) Chairman Chao yesterday attended the general meeting of the shareholders said that the shares are not lock-up period, the group as a financial investment,　　As long as the reduction is favourable to the group, consideration will be given to selling the shares. In fact, the Guo Shou Group and its national life on May 15, according to 4.2 yuan per share of the bank to buy 2.768 billion shares of CCB, the capital of 11.626 billion yuan. According to CCB yesterday, the closing price of 4.79 Yuan, in a short period of 10th, the increase has reached 14%, book earning 1.633 billion yuan, the return is very attractive.　　Analysis said that for Chou, the investment bank is a financial investment, access to absolute income is the main purpose, so the sale of equity is not surprising. Chao in Beijing to attend the general meeting of the national life, said that as long as the financial situation can be greatly improved, Chou to sell the stake in CCB open attitude. He stressed that there was no lock-up period for the shares, which the group regarded as financial investment.　　Chou and CCB shares yesterday reversed the city fell, the country's life fell 0.2 or 0.739%, reported 26.85 Yuan, while CCB fell 0.01 or 0.208%, reported 4.79 Yuan. The mainland stock market rebounded sharply from the end of last year, Chou revealed that the proportion of equity investment in the first quarter rose, but stressed that the overall investment direction would not change. Liu Jiade, vice president, said there had been a certain increase in the proportion of equity investment as at the end of the first quarter, although the proportion of fixed income investment was more than 80%, which still accounted for the largest proportion, including higher-yielding bonds and fixed-term deposits.　　Chao stressed that investment decisions will not change the direction of investment as a result of changes in the external environment. As for the growth of premium income in the mainland, President Wan Feng said that this year's insurance premium income will not grow as much as last year, and this year the industry's overall premium income will slow and even negative growth.　　He added that last year's 50% per cent increase in premium was an extraordinary development, and that the first quarter of this year's premium growth had started to slow and the second-quarter slowdown would be more pronounced. He explained that the draft new accounting standards of the Treasury would damage the growth in the mainland's premium income, as a result of the proposed investment-linked insurance