Equity in Chinese banks and insurance companies held by senior executives has seen a sizeable increase since the start of 2019.
Data from East Money Information (东方财富) indicates that senior executives from at least 12 banks and 2 insurers have seen increases in their equity holdings in their employers this year by roughly 120 million (approx. $16.93 million) in total.
Ping An Group has taken the lead in raising the shareholdings of its senior executives, which have increased by 67.9822 million yuan since the start of the year.
Ping An Group chair Ma Mingzhe (马明哲) increased his equity holdings by 244,000 shares according to a public announcement made in May, worth approximately 7.939 million yuan.
In the banking sector China Merchants Bank has done the most to increase the equity stakes of executives, with a total increase of 39.5715 million yuan since the start of 2019.
Other banks that increased executive shareholdings included Ping An Bank, Bank of Shanghai, Bank of Jiangyin, Bank of Zhengzhou, Bank of Wuxi, Bank of Hangzhou, Bank of Chengdu, Bank of Zijin, Bank of Guiyang and Bank of Wujiang.