New China Life


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New China Life

 
30.05.07 14:56
Interessant was da auf dem Versicherungssektor so passiert....
gerade in dem Moment wo die Aktien ein bisschen "runter" sind.....CIRC kauft 22%

CIRC buys stake in New China Life
Source: CCTV.com
05-30-2007 14:25

China's insurance regulator has purchased over 22 percent of New China Life Insurance Corporation for 1.6 billion yuan, becoming the biggest shareholder of the insurance company.

The regulator used money from the insurance protection fund to buy 270 million shares in the country's fourth-biggest insurer. It is the first time the regulator has used the fund to buy a stake in an insurer.

The fund was set up to help policy holders when an insurer goes bankrupt or faces major problems.



Editor:Li Yang
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New China Life Insurance Seeks Listing
New China Life Insurance Co will continue carrying out its listing plan and further build up its capital strength.

Guan Guoliang, the company chairman, made the remarks at the inauguration ceremony of the company's Shanghai branch Wednesday in Shanghai.

It is learnt the company's new share offering to foreign investors in the last year made its capital rose from 500 million yuan to 1.2 billion yuan.

The company is now the fourth largest life insurer in China, in terms of market share.

With the inauguration of the Guangzhou branch Thursday and four other branches in Wuhan, Guangzhou, Hangzhou and Harbin in the near future, the insurer will have a total of 10 branches.

The company plans to increase its number of branches to 100 by 2005, Guan added.



Source: Panorama
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