HKEX Insider Activity — 2026-05-20

by hk-insider-activities-daily

🇭🇰 HKEX DI Report — 2026-05-20

🟢 ACCUMULATING — 2628 China Life Insurance (H) ← Ping An Insurance Group, 15.13% (increased by 0.76pp from prior filing); bought 56,750,000 shares @ HKD 29.60 for ~HK$1.68B Read: Ping An, already China Life's largest outside shareholder, swept up another HK$1.68B on-exchange in a single clip — the scale signals strategic conviction from a state-owned peer insurer, not routine rebalancing.

🔴 DISTRIBUTING — 914 Anhui Conch Cement (H) ← Invesco Asset Management Limited, 7.66% (decreased by 0.70pp from prior filing); 9,072,500 shares @ HKD 19.90 for ~HK$180.5M (non-standard reason 1213; direction inferred from negative delta) Read: Invesco trimmed roughly HK$180M of Conch Cement H-share exposure, cutting from ~8.36% to 7.66% — still a top institutional holder but clearly lightening into recent strength.

🆕 NEW ENTRY — 2423 KE Holdings / Beike (W) ← JPMorgan Chase & Co., first crossed 5% at 5.06% (increased by 0.14pp); 4,788,660 shares @ HKD 47.93 for ~HK$229.5M Read: JPMorgan's first disclosable Beike stake arrives at nearly HK$230M — meaningful institutional sizing in China's recovering property-services platform as the sector stabilises.

🆕 NEW ENTRY — 2621 Shouhui Group ← Asian Equity Special Opportunities Portfolio Master Fund, first crossed 5% at 5.07% (increased by 4.97pp); 11,220,200 shares @ HKD 2.87 for ~HK$32.2M Read: A specialist-opps fund built a 5% stake in one session — see also RAYS Capital's simultaneous entry directly below; two independent funds crossing the notifiable threshold in the same small-cap on the same day is a notable clustering signal.

🆕 NEW ENTRY — 2621 Shouhui Group ← RAYS Capital Partners Limited, first crossed 5% at 5.51% (increased by 5.41pp); 12,220,200 shares @ HKD 2.87 for ~HK$35.0M Read: RAYS Capital entered Shouhui alongside Asian Equity Special Opps on the same date — coordinated new entries in a thinly traded name often precede a catalyst or activist move.

🆕 NEW ENTRY — 2768 Qingdao Gon Technology (H) ← JPMorgan Chase & Co., first crossed 5% at 5.36% (increased by 0.57pp); 170,200 shares @ HKD 61.15 for ~HK$10.4M Read: A modest HK$10.4M clip just over the notifiable threshold; likely custodial or index-driven accumulation rather than a high-conviction directional bet.

🆕 NEW ENTRY — 2476 Victory Giant Technology (H) ← Morgan Stanley, first crossed 5% at 5.01% (increased by 0.02pp); 26,220 shares @ HKD 338.75 for ~HK$8.9M Read: Barely above the reporting line with a minimal parcel — prime-brokerage or index threshold crossing, no meaningful conviction signal.

🆕 NEW ENTRY — 2668 Pak Tak International ← Han Weining, 7.69% (increased by 7.69pp, first filing); 433,130,000 shares @ HKD 0.072 for ~HK$31.0M Read: An individual first registers a 7.69% stake in this penny-stock via a reason-1004 re-registration — massive share count at a near-zero unit price and a first-time filing suggest a block acquisition in a low-liquidity name worth watching for follow-through.

BlackRock internal reorganisation — five same-date reason-1004 filings, aggregate longs all grew: • 🆕 NEW ENTRY — 522 ASMPT ← BlackRock, Inc., 5.48% (increased by 0.54pp) • 🆕 NEW ENTRY — 6881 China Galaxy Securities (H) ← BlackRock, Inc., 5.11% (increased by 0.31pp) • 🆕 NEW ENTRY — 1 CK Hutchison Holdings ← BlackRock, Inc., 5.13% (increased by 0.34pp) • 🆕 NEW ENTRY — 1138 COSCO SHIPPING Energy Transportation (H) ← BlackRock, Inc., 5.45% (increased by 0.98pp) • 🆕 NEW ENTRY — 6 Power Assets Holdings ← BlackRock, Inc., 5.06% (increased by 0.08pp) Read: All five are same-date reason-1004 filings where a BlackRock sub-entity ceased while the aggregate long position grew in each stock — these reflect an internal vehicle re-allocation across BlackRock entities, not fresh open-market purchases.

🏢 BUYBACK — 1989 Delton Technology (H) ← The Bank of New York Mellon Corporation, 6.04% (decreased by 2.35pp from prior filing) Read: Delton's buyback programme altered the total share count; BNY Mellon's 2.35pp decline likely reflects H-shares tendered by its ADR-depositary clients, not a discretionary sale by BNY itself.

⚙️ OPTION/CONVERSION — 6681 BrainAurora Medical Technology (B) ← Wang Xiaoyi (beneficial owner) / Wispirits Limited (direct holder), 12.86% / 5.36% (both decreased by 2.67pp from prior filing); subscribed 36,220,000 new shares @ HKD 3.23 for ~HK$116.8M Read: Wang Xiaoyi subscribed ~HK$117M in new BrainAurora shares via his Wispirits vehicle, yet his combined interest still fell 2.67pp — the total placement exceeded his subscription, diluting his proportionate stake.

⚙️ OPTION/CONVERSION — 6090 BUTONG GROUP ← Vistra Trust (Singapore) Pte. Limited [trustee] / WANGBOYAN HOLDING INC [beneficial owner], 49.19% / 49.70% (both decreased by 3.31pp from prior filing); subscribed 3,000,000 new shares @ HKD 37.70 for ~HK$113.1M Read: The Wang Boyan family subscribed ~HK$113M in new BUTONG shares through Vistra Trust as trustee, yet the controlling stake still fell 3.31pp — the overall issuance outpaced their subscription, diluting the ~49–50% controlling block.

🔵 MAINTENANCE • 6090 BUTONG GROUP ← Boyan Holdings Limited, 49.70% (decreased by 3.31pp, reason 1213) • 6090 BUTONG GROUP ← WWANG HOLDING INC, 49.70% (decreased by 3.31pp, reason 1213) Read: Passive dilution notifications for two additional Wang Boyan holding vehicles — their percentage fell solely because new BUTONG shares were issued to other entities; neither entity sold any shares.