Insurance week personnel changes (4.11

Name current duties Xu Zhihong peace endowment insurance company General Manager Assistant Ni Rongqing peace endowment insurance company General Manager Assistant liangxiuqiongyingdatai and life insurance company General Manager Assistant Sun Baoquan Huaxia life insurance company directors Qin Sheng three well live friends sea fire insurance company legal responsibility people lifushenanhua agricultural insurance company legal responsibility people Cai Tingqian UNITA insurance company fine is responsibility people Luo Yuxing Hyder property insurance company General Manager Li Deping in the coal property insurance company Board Secretary Huang Yushan love and Yi day health with and property insurance (China) fine is responsibility people Wang, Yun of letter Lee insurance (China) company fine is responsibility people Chen Wenzhi balance car insurance company General Manager Assistant Zhao Mo service insurance (China) company directors and Deputy General Manager Wang Leshu Chinese people property insurance company audit responsibility people Zhang Huanke in the silver insurance company audit responsibility people Wang Wei Sun property insurance company General Manager Assistant Fei Yifei Sun property insurance company Deputy General Manager songjianghuahua agricultural property insurance company Deputy General Manager tanrenxiaoanbang property insurance company General Manager Assistant zhouanchunyingdatai and property insurance company directors wenjuan Zhang credit agricultural insurance company legal heads Zhang Yuguang Taiping property insurance company legal responsibility people Hui Guojin harmonious health insurance company Board Secretary Zhang Bojiang huatai insurance company Board Secretary Gong Jingrong Italy life Beijing Branch Deputy General Manager Note: above information from insurance regulatory Commission website and related media reported, as has does not real, welcomes you corrected. &Amp;nbsp;   for more information see: dynamic   personnel;

Pacific Aetna history

Wen Hu Jinhua Shanghai cover in the wait for a whole year and four months later, by the China Construction Bank (601,939, unit) combined with Turbo group and led by Netherlands International Group equity transfer transaction on Palic, finally settled. "Compared other several has completed shareholders change of Bank Department company, Pacific (601,099, unit 's) antairenshou is shareholders changes maximum of a, regardless of is cross line holding of cross silver Kang joint, also is ICBC holding of workers yinansheng, or Beijing Bank (601,169, unit 's) holding of first Antai, original of foreign shareholders also retained part equity, but Pacific Antai of two large shareholders full will equity transfer, in 13 years in completed has a wheel large Exchange transfusion. "Shanghai insurance market, a senior person told reporters. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture however in completed has equity change zhihou, jianxinrenshou by to face of is is build new of management layer and in national of dot layout. 1.5 billion won half equity on April 11, this understanding to, China insurance regulatory Commission official reply Pacific Antai change shareholders of application, agreed Netherlands International will holds the company 50% of equity transfer to CCB; while Turbo by holds also 50% of equity also transfer to has CCB led of joint by let body, which CCB by let too keep has 1% of equity, CCB its of built silver investment by let 19.35% of equity, Chinese life (Taiwan) insurance company by let 19.9%, Shanghai Jinjiang international and Shanghai China Asahi investment by let has other 9.75% of equity. At this point, the Group Turbo and Netherlands International full exit from the Palic, Palic's name has also become history in the market, is a bank named jianxinrenshou appears on the market of insurance companies. On November 26 last year, Turbo in Shanghai United assets and equity exchange hang up the Pacific Antai stock price is $ 50% to $, China life insurance (Taiwan) also publish news that the company to RMB $ 379 million, approximately NT $ 1.78 billion, equity participation in Palic, the stock is 19.9%. An insurance analyst in Shanghai said to this speculation, construction Bank, China Construction Bank and its investment company funded a total of about $ 1.5 billion, won the Pacific-Antai life insurance more than 70% per cent. "Although China Construction Bank in Netherlands 50% stake held by the international group, did not disclose the details of transaction prices, refer to the wide boy hanging out of the sale price, then Pacific-Antai 100% equity prices will reach $ Bank and several small shareholders accepted overall Bank itself will reach approximately $ 1.5 billion bid. "The insurance analyst believes. And reporters access to Palic's information about display, the company was founded in 1998, the registered capital of 800 million Yuan and net assets of $ 898 million, in the first three quarters of 2010 year operating profit is 41.606 million Yuan, but national business network in Shanghai, Jiangsu and Guangdong only three districts, as well as all foreign companies network at least one of the company. On April 12, guotai Junan securities, an insurance analyst also pointed out that, in Pacific Antai 50% shares at $ 940 million terms, PB (net average rate) about twice times, such valuation than listed insurance companies such as Turbo, peace, protection of less PB, shortly before the Taikang life, Xinhua life insurance upon the sale of a stake in, PB is more than 3 times. "This equity valuations more reasonable, as Pacific Antai only three branches, so relative maturity life insurance company equity, lower valuation within a reasonable range. "The analysts said. Change of management reporter learned that, in regulatory official approval after shareholding modification of Pacific-Antai, for the new Department of Bank life insurance company, is going to have to face the changes in the management and the laying of new outlets. Last December, 50% buy the Turbo group to sell stake in CCB said when buying life insurance company is a platform for further expansion of services customers, using their individual customers and customer resources and a robust risk management techniques and experience, cross-selling life insurance products to customers and bank products and services, so as to achieve maximum synergies, while also promoting rapid development of robust investment life insurance company. Although China made it clear that in channel banks and insurance companies to maximize synergies, however, confined to the parties on the network gap was too large, controlled by China Construction Bank in realization of Pacific-Antai, on the basis laid must speed up the network. According to the China Construction Bank by the end of last year its total assets of more than 10 trillion yuan, fixed assets of over $ 700 billion, outlets more than 14,000; looking back at Pacific-Antai, up to now have the customer number approximately 300,000, the cumulative total premium of over $ 6 billion and total assets of $ 3.7 billion, in 28 foreign and joint-venture insurance company ranked in the bottom. However, reporters learned that Pacific Antai largest adjustment of change management. Existing in the management of the company, executives are Turbo group and Netherlands members of the international presence. Company Chairman Shi Jierong is Vice President and head of the production Turbo the Turbo group life insurance supervisors long; Vice Chairman Chao Guo and is Netherlands international legal Director of the Asia-Pacific region, the company's General Manager Tao Menghua was Netherlands International Taiwan branch in charge of; others include company director Ying Wang, Yu Hua, Kathy Yang, Shi Huanjia, chixiaolei etc are the original two Turbo groups of shareholders and Netherlands international management. "As two large shareholders of exit, these management layer should will from Pacific Antai company left, therefore for Pacific Antai,, this is established 13 years to maximum of once management layer changes, may to than other several Bank Department insurance company executives changes of to more, and is equity transfer will experience over a years of time, may also and three large shareholders Zhijian on management layer of exit and entered has great of relationship. "On April 13, a person familiar with the sources. However journalists call the Pacific-Antai persons, ask the management change, has not received a clear reply, but was told to wait until everything is indeedAfter will give a unified response. However, in the view of the industry, has as a controlling shareholder of the China Construction Bank, will certainly new high-rise in new life insurance company, China life insurance (Taiwan) company may also be related persons as the post of General Manager, responsible for managing the company's strategic business.

Three basic elements of insurance marketing career building

Concerned about the construction of the harmony of the workplace is a systematic project, it involves the multiple aspects of marketing. In view of the current problems existing in the operation of the workplace, workplace managers in attendance management approaches, management capacity, affinity cultural efforts, efforts to create a harmonious workplace culture. Wang Keqi Insurance Conference on building the most basic rule is the workplace management, Conference Management is to enhance the professional qualities of marketers, enhance business skills, building a harmonious team, customer service development, promote the rejuvenation of business firm cornerstone. Based on the current construction and meeting management companies working in the prevalence of problems and deficiencies, author in-depth survey, a comprehensive understanding, fully grasp the crux of the matter on the basis of the summarized basic means of strengthening the construction of harmonious workplace. Recommended reading insurance weekly: variable annuity pilot started five first elected to the insurance enterprises in violation of Beijing-Shanghai promotions fined 500,000 insurance circles "Wang yawei" surfaced exaggerating the gains did not mention the risk of banking and insurance disputes should continuously give families "pillar" feet on joint insurance regardless of non-indemnity insurance is zehui Shi Qiming Immortals watch lectures on disk to create the superior job market operate four sticking points in the first, low attendance. Author on a number of insurance marketing career early attendance survey found that marketing workplace attendance number of attendance in urban area and the actual attendance number gap considerably, some workplace attendance does not meet the 56%; rural Marketing Services Department held most cannot uphold every day morning, and some will open three days a week, attendance at 40%. In particular the early recruitment of marketers, they are officers of the reemployment of laid-off workers back, some are back again in induction of personnel. Most of them thinking and a degradation of knowledge, outreach initiative is not high, resulting in low attendance, company the call cannot be smooth communication, superior company is unable fully to implement the spirit of the new, new knowledge cannot be absorbed by team members, team cohesion and combat strength of decline, which seriously restricted the development of the company's business. Second, the morning meeting content lacks innovation. Current workplace morning of most companies is the lack of innovation, day after day, year after year, has been in use for many years traditional organization, will also not be much of an update this morning. Some marketing partners find boring, thus, you on stage to speak, I speak in Taiwan, making mess hall order. Thus, the morning is like chicken, tasteless, be unwilling to cast away. The morning play to their effect, fall short of desired results. Thirdly, weak morning meeting planners. Plan a beautiful war need a high IQ for a period of business development, who need powerful impetus. Well workplace management, you need a capable and have the skills to work planners. According to the survey, the original has rich experience working farm managers, most new jobs, becoming more senior managers of insurance marketing. Workplace most operators are currently recruiting new people in recent years, a significant portion of the lack of work experience, and some become one can't really integrate into the workplace, and partners. Job market operators cannot become the wizard of the dissemination of knowledge teachers, business development, but a pure premium resources for developers, the whole business is all in the presentation of the workplace atmosphere and premium, drain the pond to get all the fish kill the goose that lays the golden eggs to marketing partners on the company feel, make the workplace less attractive. Four, weaker workplace culture. Enterprise development, short-term, medium-term education, long-term culture. Culture is to promote the sustainable, stable and healthy development of a strong foundation. Insurance marketing is even more so, is currently weak construction of culture in the workplace, most of the layout of the workplace is performance on the wall, top star, incentive number used as an engine of business forward, some slogans across a few sales campaign, lack of originality, effectiveness. Those with strong strong atmosphere of learning, progressive-, incentive type, with a distinctive atmosphere, with unique insurance culture no highlighting, catalyst of culture does not really become a team incentive, business booster, has no proper role and effect of insurance culture. Three basic elements for the construction of the workplace problems and deficiencies of the current management in the workplace, I propose, in the future of the workplace must conscientiously grasp the three basic elements in the operation. First, innovative marketing attendance management approach. A cultural performance, a sports match, organizer and without great fanfare of publicity, but audience full, packed, the main reason is the active content has strong appeal. Attendance of workplace management development, if you want to have great improvement, depend on ideological education. Only ideological understanding in place, to action in place. For partners to further recognize the importance and necessity of strengthening the attendance of the company, clearly only attendance promotion, to ensure implementation of new policies in order to upgrade the quality of its business, outreach skills, ability to improve customer service, meet the needs of market competition; second, we must rely on the system constraints. Nothing can be accomplished without, no system management, marketing career as disunity, causing team members are not binding, the team supervisor did not appeal, the whole team lack combat effectiveness. To maintain strong team dynamic, institutional constraints is essential. Under the current status of the marketing team, companies can introduce stringent workplace the workplace management, consciously attendance marketing partner to gang; three depend on reward incentive. Companies within the workplace team attendance management appraisal system, the attendance higher, better management team should be informed of recognition, there are conditions of the workplace to the establishment of full attendance award. Month, quarter of attendance counts partners give the necessary economic incentives, for attendance to the upgrading of the role. Second, improve the management capacity. Hangaozuliubang once said "map out a strategy, winning in the miles I than Zhang Liang. Dingguo able, to appease people, supplying military supplies, ensure smooth grain Street, I not as good as Xiao He. Leading the army of millions, win the battle, attacking will g, I better Han Xin. These three people are among the elite, but I make good use of them, this is what I seize the capital of the world. In today's market on the workplace, who lead the marketing team, to easily manage marketing team, you must have the ability to lead and level, under the new situation, marketing job market operators to four skills: a profound knowledge of the capability. Operators of the workplace, not only to master the geography, history, law, regulation, humanities, social sciences, but also to learn about the international situation, China modern economic, using economic theory to guide the operation of the economy, bankingLearning, insurance, securities, funds, stocks can have a deep understanding and awareness, thus according to the team members to be targeted to helping develop the management development plan, implementation of the members of the team and development goals, protruding the characteristics of personality and development; second, strong communication skills. Said in the philosophy, contradiction exists in all things in the process of change, that is, everywhere, not without. Marketing teams also exist in complicated contradictions, such as among members of the marketing team framework adjustments, disputes between the team of interest, most contradictions. Therefore, the main Manager of the workplace, should be good at finding contradictions, used in the construction of effective methods and techniques to resolve team conflict; third, strong presentation and organization skills. United States President Barack Obama presidential campaign, its just a few minutes speech, caused a stir, shocked the world. Because he has strong organizational and presentation skills, can grasp the audience were most concerned about the content of his speech, the most direct and practical question, can seize the center point to cater to the needs of the audience. Operators of the workplace, to make efforts in this area, and use your head, in the Conference on every day of the workplace, there are colorful, intriguing new knowledge emerges, to unique forms and styles, content printing into the marketing partner's mind, allow partners to participate in the morning will be fruitful, one day a day of progress, improvement of day one day, this morning will be more attractive. Third, creating a strong affinity of culture. We often hear "company is my home, developed by everyone" slogan. Marketing job market operator, Manager of the team, to enhance team cohesion and fighting strength, always maintain the development vitality, affinity cultural effects must be used. In the specific work to be used in four movements: a typical led. Marketing in the workplace, in attendance management, outreach development, integrity management, compliance, and so set a good example. At the same time, employees good deeds publicized their photos posted in the workplace, mobilization called on partners to follow their example, with their advanced thinking, noble character, spirit of dedication, impact partners, driving everyone; second, sincerely touched. Operator, team manager of the workplace, be sure to put "our staff was no small matter" as a fundamental principle of management staff, do care about is in place, the satisfaction of our staff in place, insurance fully reflected a strong emotion; three is planning and pulling. Marketing and business development, planning and pulling played a huge role. Working in construction, scientific and rational development and use of good business planning, to mobilize the enthusiasm of marketing partners have a greater impact in business planning and development of the workplace to be closer to marketing partners on demand features, focus targets on nothingness have planning and working with the driving force, influence, and the service surge. Development of the insurance industry, the key is promotion of services, working in construction, to increase the service to a new State company to do a good service for operators of the workplace, team managers, staff to do a good service to customers, so that no gaps in service throughout the workplace, zero distance. Construction of the harmony of the workplace is a systematic project, it involves the multiple aspects of marketing, requires joint efforts of the system from top to bottom. The workplace according to their own reality, suit measures to local conditions, classified, targeted work, constantly summing up perfect, gradually improving. We believe that our construction can certainly create new achievements in the workplace, play a new movement.

Risk capital show up 325 listed companies

Shenzhen evening news according to statistics, has released the annual report of listed in the top ten shares of the company shareholders, 325 figure appeared in the insurance funds. , There were 22 listed companies's largest circulating stock shareholders are insurance funds. Judging from the distribution industry, iron and steel, chemical, real estate, banking, pharmaceutical, biotechnology, and so on. Huaan casualty as controlling shareholder, whether they are holding only amount of shares of listed companies, is holding a proportion of shares, huaan casualty jingda shares (600,577 shares) to the cartridge case was the first of and huaan casualty jingda share holdings of shareholders. March 24 insurance securities daily published the small risk of enterprise stock market get out: the 10 coming out top flow 11 only a share of the company shareholders report huaan property let jingda shares, "the left hand right hand" of the two birds with one stone. Recommended reading insurance weekly: variable annuity pilot started five first elected to the insurance enterprises in violation of Beijing-Shanghai promotions fined 500,000 insurance circles "Wang yawei" surfaced exaggerating the gains did not mention the risk of banking and insurance disputes should continuously give families "pillar" feet on joint insurance regardless of non-indemnity insurance is zehui Shi Qiming immortal report shows disc to create the superior lecture, jingda shares new controlling shareholder change date of August 16, 2010. Notice displayed at the time, due to causes of debt, the company's largest shareholder Guangzhou-China will hold 54 million shares at $ 10/share ownership to us casualty. Jingda share price only $ 9.62/unit at that time, as at the close yesterday, jingda shares traded $ 11.68, Hua an property holdings have been floating the Pacific century. Huaan casualty and actual control of China in Guangzhou who was Li Kuang-jung. That is, through the transfer of Guangzhou-China jingda shares on the stock of debt, huaan casualty from jingda shares the book achieve floating profits. For the actual control of Li Kuang-jung, is the good thing of two birds with one stone. 8 companies are risk capital holding Super 5%, ping (601,318, unit) insurance (Group) company limited-group level-deep development of own capital held (000001, stock) A52147.09 shares, accounting for shares 16.79%, is the largest circulating stock shareholders. Ping an life insurance A14096.35 a traditional insurance account held deep development unit, ranked second. Annual report that, as at the end, deep development of a non-controlling shareholders, had no actual control. As at the end, over stake in Shenzhen development A5% shareholder for ping an life insurance and its holding company ping an insurance (Group) company limited ("ping"), both holds 1,045,322,687 shares in aggregate, per cent of the total equity of Shenzhen development 29.99%. But ping more dispersed ownership structure, there is no controlling shareholders, there is no actual control. Other circulation of 20 listed companies equity has not been completely, although the circulation first shareholders, but smaller stake, is not holding. Risk capital holding shares above 5% the company has 6. China life reduction first open shares (600,376, unit 's) 150,000 unit Hou, still positions 51.85 million unit, accounted for first open circulation Unit 9.97%; peace life a traditional insurance account holdings young Eagle agricultural Shepherd (002477, unit 's) 2.2758 million unit, total holds 2.8144 million unit, accounted for circulation unit of 8.04%; people Hoju a dividends insurance account new into Kang force elevator (002367, unit 's), holding 2.4 million. In addition, there are natural infrastructure (000965, unit), mountains of coal International (600,546, unit) and China Everbright Bank (601,818, unit). Insurance funded holds circulation unit proportion insufficient 5% but still ranked first large circulation unit shareholders of company stock also has: double as shares (002395, unit 's), and navinfo (002405, unit 's), and Guilin three gold (002275, unit 's), and country star electric (002449, unit 's), and yanjing beer (000729, unit 's), and CR 39 (000999, unit 's), and blue sail shares (002382, unit 's), and pass of shares (002010, unit 's), and Hao China energy (601,101, unit 's), and Ling steel shares (600,231, unit 's) and Zhuo Yi technology (002369, unit 's). (Kong Ruimin)

Quick return to overdraft protection dividend risk lagging behind inflation 10 products carefully selected

Rapid return "hen", collect the cash value of future earnings on insurance policies prematurely and protection will adversely affect the financial weekly reporter Zhu Changbin/text May 2011, the consumer price index to create a new high over the years, rose 5.5%. Although the bank deposit interest rates several times to improve, but still miss the CPI's footsteps. The money in the Bank, only watched the currency depreciation. Xiong Tao usually focus on family finance, apparently not ready to put money in the Bank. She recently saw the community banks in sales next to several financial-insurance products, bank manager told her, "This compared to several other insurance products for premium short lock time, will soon be able to see investment income, inflation so high against inflation situation very well. "Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Deciphering the trader password grasp trends in the main fact is that this is not the case, rapid return of principal can give policyholders are well protected from inflation? China life insurance product development actuary tell Money Week reporter Chen Jin-song, "fast return means that policyholders can quickly get back to their capital, but the product itself does not protect against inflation. Inflation to relying on dividends or insurance insurance products and investment income to fight. "Sources of quick return to policyholders pay premiums, and collect the cash value of future benefits for insurance policies prematurely and guarantee functions will have a negative impact. Insured can lead to survive 3 months gold, rapid return "hen" "Bank staff recommended insurance product before most of them receive a long time, is also to receive money from the insurance company after five years at least, very much in the recent recommended products can quickly receive live gold. "Xiong Tao noted that changes in Bank outlets selling insurance products. Insurance products the guarantee period is relatively long, premiums for policyholders have certain "lockout period" If the early redemption will lose part of the premium. Traditional dividend coverage is "one to three years", but in order to meet policy holders want to quickly see the benefits of psychological, shrinking product life insurance company introduced recipients experience. Happy people Shou Xiangli endowment insurance (participating) survival gold payments once every two years, one year after the entry into force and provides policy basic insurance amount is able to get insurance policy 8% for the existence of gold. Survival gold returned more quickly by contrast China life insurance, endowment insurance, China life insurance product "Tong Xin lock endowment insurance (participating)" provides the insured in the policy the date 90 days to get your return the amount of insurance 3% survival of gold. And some of the old-age pension insurance is returning gold survival period down to the extreme, Taikang "happy life a life annuity insurance (participating)" show insurance interests, policyholders hesitated for survival first payment after the expiration. A small insurance company banking and Insurance Department official told reporters in Beijing, "channels of banks and insurance companies since the end of last year was a heavy blow, the insurance company to maintain the scale of premiums would like to a lot of ways, shortening some bonus return life is one of the risks. Although only returning for a moment, but it is very attractive to some customers. "Survival gold quick return to a certain extent to ensure that the customer's funds liquidity, but to the applicant, this is not necessarily a good thing. Overdraft in the future: the future payment of insurance premiums is reduced by the policy, basic insured amount is lowered life insurance life insurance Feng Yingying considered too eager fast return insurance product, is not able to do to maximize the benefits for policyholders: "Although some types of customers will find this product more attractive, but I'm not usually very recommended that they purchase. "She believes that the customer if necessary to ensure cash flow, there are many other financial products to choose from," I will explain them, but is soon to be attracted to this part of the cash, can choose a different financing tools. "The so-called wool from the sheep, quickly returned to the return of products survival gold have come from the premiums paid. China life insurance actuary tell Money Week reporter Chen Jin-song, "fast return means that policyholders can quickly get back to his capital. "But he felt that the insurance products protect against inflation was achieved through stability and better investment returns, not through the rapid return of principal. Another quick return will reduce the amount of funds available for investment of insurance companies, increases the difficulty of insurance companies ' profits, forcing the country to reduce the policy paying insurance premiums or reduce the basic amount of the future. Quick-return product push more might already not very mature insurance markets more to ignore nature of insurance products to safeguard. In response to this phenomenon following media Biological Aerated, regulators to limit fast return insurance product. China life insurance finance manager Zhang Jie told reporters, "we usually want to take a customer-oriented insurance products cover features, weakening insurance investment income as possible, because on the advantage benefits insurance products may not be too large. Quick-return insurance return of shorter duration, or more strict focus on the killing. ”

Protection group listed as a whole countdown

Wen Ding Bing protection group of the recent introduction of a $ 10 billion investment of Social Security Fund, marks its success in introducing strategic investors work is complete. Analysts pointed out that, in overall reform, introduced after the war vote, now listed all obstacles have been cleared of all protection group, listed as a whole into the Sprint period. It is understood that there are already a number of investment banks involved are preparing full swing was listed as a whole. Multiple value late last year earnings upgrade, protection group-related sources, introducing strategic investors will be completed at the end, but the matter is settled in mid-June this year. "Social Security Fund has done adequate due diligence investigations, based on the life insurance group diversified revenue model of prospect and the scarcity of financial group shares before they finalize decided to initially raise $ 5 billion in investment to $ 10 billion. "A source close to sources of related transactions. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Decipher the trader password, grasp the main trends after leaping development in recent years, protection groups had built the property insurance, life insurance, health insurance, and investment multiple profitable new plate patterns, SSF value precisely the point. The protection group was founded in 1949, "new founders of China's insurance industry," said. In 1997 in the reform of production, separation of the life insurance, life insurance group's life insurance operations were stripped out, its main source of profits to a single property. Due to the relative casualty market saturation, to the end of 2006, calculated according to asset size, protection group far behind China, ping an of China (601,318, unit) and Turbo in China (601,601, unit). Business single, insufficient solvency of casualty, life and health insurance lack of development capital, limited size of the investment funds, which severely restricted the development of the protection group. In early 2007, Wu Yan served as President of a protection group, he decisively proposed "business sector collaborative development" strategy. Since then, the protection group in the absence of external direct investment conditions, short Board was quickly up on life insurance business. Life insurance life insurance took less than 5 years to achieve operating profit, becoming one of the fastest growing life insurance market "dark horse", covered 7-9 life insurance company in the past years to go the distance. PICC health insurance also spent less than 5 years has made profits, breaking the major health insurance companies profit cycle of 8-10. These two business profitability, the assets accumulated speed ranks first in the domestic market. Under the pull of the life insurance sector, multi-profit model maturity of the protection group. In 2009, the first casualty in the protection group, life insurance, health insurance and investment business segments a comprehensive profit of a historic breakthrough. In 2010, the life insurance group's overall profitability and underwriting profits hit a best, overall earnings $ 7.33 billion, is a 2006 $ 4.5 times times net asset yield near 17%, successful realization from diversified investment shift to the profit of the period. In 2011, the overall profit is expected to exceed $ 10 billion. "Multiple profit pattern of investment value and enhance the protection of mature group, some of the key index has reached or exceeded the relevant listing standards. "Wu Yan said," protection group has fully equipped with the a-share and h share listing criteria. "Strengthening overall control of the Group at present, CITIC groups, the Everbright group listed target financial, such as aircraft carriers are presented as a whole, but judging from stock listing process, preparation, protection group could go ahead. Protection group now has over more than 10 major subsidiaries, scope of business covers casualty and life insurance, asset management, insurance brokerage, trust, Fund, and other fields. Market participants pointed out that, if the protection group successfully listed, create a new model in China's financial holding group listed as a whole, as China life insurance, reinsurance and other insurance group of China next listed provide reference as a whole. Analysts pointed out that, through overall reform, the protection group for its subsidiaries control ability greatly enhanced. Nearly three years, the protection group has been consciously improve the Group's controlling stake in subsidiary. Through a series of replenishment of the activity, the protection group for PICC asset management company's share rose from 41% per cent, on the protection of life insurance rose from 51% per cent of the stake, on the protection of Health's share rose from 51% per cent. Under the overall control of the group, synergy has been reflected in various business segments. "Mode of quality assets to be listed is the passage of large State-owned enterprises, and protection group listed as a whole without leaving acquired assets and personnel, no sequels, and require that all assets and business segments of the group to have very strong profitability, meet the criteria listed, which established for the large State-owned enterprises is a very easy thing. "Analysts say. Wu Yan believes that by strengthening internal control of the group, in collaboration with benign interaction between the business sector, help to improve the ability of profits retained, for core capital growth, helps to achieve from dependence on foreign sources of capital support to rely primarily on internal sources of capital accumulation of benign changes, provide capital for sustainable development support. The "national" prefix advantage appeared "I emphasized many times in internal meeting, to concentrate the time, had missed the opportunity to Rob back protection. "Wu Yan said," the protection of people, brands, networks and " " background of the prefix itself is the greatest asset of the group, as long as the full advantage of these advantages, you can create value. "The protection of groups by taking various policy insurance business, built up in-depth coverage of rural grass-roots networks. By the end of March, the protection of personal customer service for more than 110 million people, corporate customers in more than 14 million households. Market participants pointed out that the protection relies on a full range of insurance services has established a hyper-trillion customer base, if the spade husbandry, cross-selling in the future, assets under management, trust, Fund will benefit. The "national" prefix the background also provides protection and innovative business models, which appear even more obvious on the protection of health. Specialty health insurance products in China at present is small, general medical risks facing white-hot competition makes health insurance from life insurance companies are squeezed. "Why not grasping the opportunities of the new health reform push, builtState and national policy of health insurance, and commissioned by the Government health insurance business model to achieve breakthrough health insurance? "Senior protection group the idea of eventually forming a" Zhanjiang mode. " Since 2007, the protection of health are fully involved in construction of social medical insurance system for urban and rural residents in Zhanjiang and Manpower, in the case of payment and financial pressure does not increase the residents to protect from the original $ 15,000 a year that the maximum number referred to the $ 80,000, while medical resources were fully utilized, insured hospital fees drop by up to 10% per capita of the masses. "Zhanjiang mode" in 2010, the State Council approval. Insured protection of health at present has the cumulative social security supplement Government delegate business 572, cover 22 provinces, autonomous regions, municipalities, 86, service population of nearly 90 million passengers. Enter "35", the protection group, aiming to 2015, Group revenues more than doubled, annual compound growth rate of more than 15%, exceeded $ 1.5 trillion in total assets, return on equity reached the leading level. According to previously published data, the first 4 months of this year, the protection group net profit of about $ 4.4 billion of the $ 4.5 billion, profit record. For protection, and this is a good place to start.

13 single Libya investment insurance coverage only 5.68%

Funded insurance "go" still weak economic Herald reporter Yu Chuan Jinan reported Libya since the war broke out for several months, China overseas investment projects caused hundreds of millions of dollars in economic losses. Economic review reporter was informed that China export credit insurance corporation as part of the enterprise the Libya investment project risk protection. However, statistics show that in 13 single Libya investment project, insurance coverage only for 5.68%. In addition, there are many private enterprises in the Libya investment losses have not yet surfaced. Overseas investment of Chinese enterprises face the risks become apparent. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Decipher the trader password, grasp the main trends of zhongyangcaijingdaxue insurance, Dean said in an interview with Herald reporters Hao Yansu, a long time, China's insurance industry just content to occupy the domestic market, baiyujia Chinese-funded insurance companies in the "go" on the issue of slowness, and compared to the banking sector, weak domestic insurance industry as a whole have seen overseas expansion. $ 1.5 billion in direct economic losses Herald reporter was informed that Libya political turmoil, major overseas investment losses, stranded, including contract project stopped, resident Chinese attacks, massive withdrawal, loss no less than hundreds of millions of dollars. Published by the Ministry of commerce statistics show, before ending this unrest, Libya has 75 50 engineering contract project contractors of Chinese enterprises, involving an amount of us $ 18.8 billion. According to the current exchange rate conversion, equivalent to more than 120 billion yuan. According to statistics, as of now, in Libya in internal conflicts, owned enterprises in more than 10 people were injured, corporate site, camp attacked robbery, up to 1.5 billion yuan in direct economic losses. Subsequently, my Government to ensure that Libya lives and property of ethnic Chinese, sent land, sea and air forces, withdrew over more than 30,000 Chinese staff, at a cost of about $ 300 million RMB. Herald reporters learned, these statistics have not been many private enterprises in Libya, investment loss statistics, coupled with the withdrawal of more than 30,000 employees of domestic Chinese staff problems, loss of salary problem of rehousing and compensation issues arising therefrom, loss amounts would be far greater than the above statistics. Overseas expansion slow Hao Yansu Wizard newspaper reporters, dependence on international trade in our country at present is close to 70%, with the degree of opening up to the rising face of the real economy "going", China's insurance industry should adopt "go" support our capital investment and overseas development. However, the domestic insurance industry but hesitate, only a very small number of insurance companies were established in some countries and regions overseas branches. "Overseas investment in order to protect domestic companies and the lives and property of citizens, many large international insurance group investment insurance agency was established around the world, engaged in overseas insurance business. 200 years ago the British insurance brought this model of service to our country, is to protect the needs of its capital to China. "Hao Yansu says. Herald reporter learned that large insurance groups currently overseas investments in the Mainland to set up a total of 20 and 26 home property insurance company life insurance company, insurance institutions in the country, however, only very few companies such as protection, Turbo and peace were established in some countries and regions overseas branches. In August 2008, Taiwan Cathay Financial Group subsidiary Cathay life insurance, and Cathay Pacific Century Insurance jointly invested 400 million dollars, Cathay Pacific property insurance was established in Shanghai, the company set up specifically stated at the beginning when "mainly to serve Taiwan businessmen", currently in Jiangsu, Zhejiang, Fujian, Guangdong, and Shandong, has set up a branch of the Taiwan capital intensive. Hao Yansu thinks, and banking, compared to China's insurance industry in the "go" on the issue of slowness. At present, China's banking industry was established in more than 50 countries and regions in the world has nearly 2000 branches and overseas development of enterprises in China as the main customers.

Insurance industry casualty rates this year at about 20%

Recent industry recently, several companies announced a premium notice May 2011: casualty, ping an property, Turbo PICC, PICC property casualty in January-May the cumulative premiums income up, 36.2% and 10.9% respectively. Life insurance, under the new accounting standard Turbo cumulative January-May of life insurance premium income increased by 11.5% over, Taiping life under the old accounting standards the cumulative premiums reduced by 8.4% over, and according to our estimates, cumulative size premium income growth of 22.8% of ping an life insurance in January-May this year. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Decipher the trader password, grasp the main trends of property insurance business strong growth momentum of industry analysis. Rapid growth of the first half of 2011 property insurance business, expected annual property insurance premiums low middle high growth first and last. Made this judgment of logic is: a is new car acquisition tax offers policy in last year end due, this led planned this year early (Qian February) car who ahead of to last year end (Hou February) purchase, thus last year last February of production insurance premium high growth overdraft has this year Qian February of growth; II is data authenticity supervision strengthening led part production insurance company end human reserved premium of habits was change. These two factors are leading to higher premium rates by the end of last year, while slowing premium growth in early, but came to see the effect for the whole year will gradually become smaller, growth is expected in 2011 the annual property insurance premiums will remain at about 20% of a high level. Valuation and recommendation China Turbo (601,601, unit) and ping an of China (601,318, unit) implied a new multiplier has only 6 times in the business times, continued down a very small space, and because new business value growth rate higher than the market expected, is expected in August six months results disclosure will have on the valuation of repair as a catalyst. Taking into account the China Pacific property insurance contribution to profit ratio, and the value of new business for the first half of 2011 is expected to grow higher than peace and life, we recommend a short-term strategy. (CICC)

Insurance Bureau of Jiangsu Province sternly refused insurance and Enterprise behavior

Every reporter Huang Junling sent from Beijing, June 7, the economic daily news report on the China and the casualty Ruth Rosen door of dispute: strong insurance with "trick" highlighting the dilemma of who? , Some areas of this insurance company is not willing to make strong underwriting tractor across regions resulting from the insurance "trick" after reports published, triggering a strong concern, this newspaper recently received related feedback from the insurance company and the local insurance office. The reality is that difficult to achieve strong profitable tractor insurance business has shaped with the chicken. Many years of losses on strong side tractor insurance, one side is bound by the existing regulations, insurance companies are caught in the middle of the day is not better. News playback: strong farmers buy insurance against the defendant insurance weekly recommended reading: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Deciphering the trader password, grasp the main trends of Shi Suorong, Jiangsu liyang an ordinary farmer. In September 2010, Shi Suorong to spend $ 1500 to find a local salesman and ginger to a strong insurance do the tractor. 3 months later, on January 10, 2011, Shi Suorong car in town, liyang city, Jiangsu Province on town of chuxian, insurance on his life casualty insurance company--country of liyang loss amount after the company reported $ 839. He makes claims information, liyang Branch staff told him that he is not the policy of liyang, but China PICC Qiqihar branch of the Centre, would he send the claims information to Heilongjiang to sth Just three months after the submission of information, he did not wait for the ping casualty claims, but a court summons. China PICC Qiqihar branch of the Centre in the civil complaint said Shi Suorong through temporary residence permits and certificates for motor vehicles, down on tractor strong policies, request imposed strong insurance contract invalid. Afterwards, by the daily economic news reporter found that was originally the insurance intermediary to contract this insurance business through fake documents in Heilongjiang insurance against a strong policy. On, insurance related persons said, Shi Suorong was litigation this a case, reflect has current cross strong insurance bearing insurance in the exists of embarrassing: while, cross strong insurance belonging to forced insurance, tractor to road, and years trial, on must insured, and insurance company also shall not refused insurance; but on the, because losses serious, 2009 yilai, part area appears refused insurance motorcycle, and tractor cross strong insurance of phenomenon. Such insurance-related person told the economic daily news reporter, tractor strong insured risks still exist in some areas under difficult circumstances, believed Shi Suorong experiences are by no means the case, by Shi Suorong complained that atypical cases, related sector concern about hope, for branches of the insurance company refused, delays make strong underwriting tractor insurance problems, strengthen supervision and management. Progress events: Insurance Bureau: investigation of rejection of insurance companies recently, China head of casualty-related content of the reports to the economic daily news reporter that China PICC does not refuse top tractor insurance, if China property casualty agencies refused top tractor insurance customers can complain to regulators. On June 16, Jiangsu Insurance Office shall also reply by fax the daily economic news reporter: If the insurance company has refused a tractor cross-strong force tying or other types of insurance-Insurance Act will be severely punished according to the law. Under promoting by regulators, it is difficult to cover up the tractor strong risk embarrassment of many years of losses. According to data from the Insurance Bureau of Jiangsu since 2007, Jiangsu tractor strong risk continued losses, 2007-2010 years underwriting loss of $. The Council believes that tractor strong risk of loss, reason for not improving the existing system, also have a high rate of tractor accident in Jiangsu Province, areas of high personal payment reason, because there are a large number superstandard tractor, resulting in industry-wide tractor strong risk serious losses, insurance occurred in some regions strong enthusiasm is not high risk issues. It is reported that strong risk heavy losses for tractor problems, Insurance Bureau of Jiangsu Province in the December 2009 United financial Office and the agricultural machinery sector, rates have been adjusted on tractor, parts to improve the plight of insurance losses, but the problem has not been fundamentally resolved, element of the offence tractor strong insurance intermediary or "yellow cattle" relatively low flow rates outside the province. Jiangsu insurance prison Council said, for do tractor cross strong insurance bearing insurance work, the Council will from four aspects for specification: a is clear supervision policy, requirements insurance company not to missing policy, and superior nuclear insurance policy not allows, and non-local licence, reasons refused or delay bearing insurance cross strong insurance; II is strengthening patrol check check intensity, serious investigated cross strong insurance refused insurance problem; three is properly processing petition complaints, for petition complaints reflect of cross strong insurance refused insurance or forced tying other commercial insurance species of problem, requirements insurance company actively rectification, makes complaints people of cross strong insurance are get timely insured; four is guidance around industry association take effective measures solution cross strong insurance insured difficult problem. "Manuscript statement" without the daily economic news, authorized use, offenders. If need to reprint or learn more about the exciting content, log's official website:

Ping an a55et by the Securities Co04i55ion investigation proof as the focus

After xiaojunxiu this newspaper confirmed that ping (601,318, unit) subsidiary of ping an asset management company (hereinafter "the peace funding tube") is receiving Shenzhen securities Bureau of investigation, the cause is the different accounts of the management of the company shares in early January at the haixin (600,851, unit) reverse transactions on the same day. Ping an Chinese pipe on June 17 to the present report and a written reply that "we are now actively to meet the relevant departments, no disclosure of information. "Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Deciphering the trader password, grasp the main trends under the regulatory, reverse operation has not been banned on the same day, but require different portfolio out of the decision-making basis and reasonable explanation; if only different accounts to lift share prices, and absence of evidence will be classified as illegal operation of the decision. Therefore, peace funding tube can have the "decision based on" become a focus of the illegal transactions. Origin haixin shares in January, ping an Chinese pipe in haixin shares three days on the same day the reverse operation of Shenzhen Bureau of securities "great concern". Three consecutive days on January 4, 5th, 6th, peace funding tubes coming out of different accounts shangzhengsuo commodities trading platform, to sell the haixin shares since buying behavior. On January 4, the price to $ 6.67 12 million shares on January 5, to $ 7.24 per share price of 17 million shares on January 6, price per share of $ 8.13 sold 1.5 million units. The three-day sale of seats are on the same day "safe asset management limited liability company". Informed sources said: "because the trading seat in Shenzhen, later found to be safe asset management company. "The market had on January 7 on ping an Chinese pipe haixin shares trading above questioning, ping an Chinese pipe external explanation is due to the configuration of the equities portfolio adjustment, need to be in accordance with fair prices for commodities trading, stocks transferred from one portfolio to another part of portfolio, so basic to close deal on the day. For above January on sea Yan shares of Clearance sacrifice zhihou, peace funded tube in sea Yan shares in the of Qian ten flow unit of account occurred changes, by original last year four quarter two a account ("China peace insurance group company limited-group this level-owned funds" and "China peace life insurance company limited-universal-a insurance universal") replace into this year a quarter of another three a account ("China peace life insurance company limited-traditional-general insurance products", and "China peace life insurance company limited-dividends-mission insurance dividends", and "China peace life insurance company limited-cast even-a insurance cast even"). After "turn upside down", the peace funding tube holding haixin shares dropped from 4.74% to 3.99% in the first quarter. "If is high on the ship, should be proportional reduction of the cash, less is safe to take on the secondary market deals, and used from the same company's accounts to easily check, so from that point of view is less likely to pull down high shipments. "Analysis of a Fund Manager said. In addition, ping an Chinese pipe in January a massive internal account "adjustment bin", the reporter found, January 4, ping an Chinese pipe for a total of 25 acts of internal adjustment bin, haixin shares also are in the safe these days owned pipe "reducing warehouse" period. Key peace capital of proof tubes at the haixin shares for three days on the same day the reverse operation, according to the regulation, reverse operation has not been banned on the same day, but for this manual regulation increasingly strict. 2008 the Commission published the fair trade of securities investment fund management system guidance, 19th article, relevant portfolio manager exception transactions should be rational explanation. In order to prevent illegal transactions, regulators to reverse operations provides more detail on the same day, SFC published late May this year the fair trade of securities investment fund management system of the revised draft guidance, which provides that "between different combinations of the same day if exist a reverse on a particular securities transaction, regulatory requirements on its policy objective requires reverse transactions, decisions should be based on the retention of the company to be checked." From the above regulations, different accounts at the same company the same day in a reverse operation has not been banned, but the new requirements more stringent. These people said, the key now is to see if the Fund Manager of the Green owned tube to close the haixin shares research, different accounts safely change authorization decision, trade execution, evaluation, research, and so on are well documented, in accordance with strict management to perform the operation, "take that evidence is the key. "Reporter learned that ping an Chinese company established a covered pool management, investment research, stock investment approval, wind control, firewall, and a series of investment stock investment wind control system, and curing a critical investment in the investments IT system business process, but on the haixin shares followed the wind regime is unknown. Also in January 4, ping an securities haixin shares "recommendations" report, entitled the rectal cancer therapeutic vaccine (APDC) prominence value, 50% shares at least underestimated, release time points are consistent with ping an Chinese pipe reverse operation time on the same day, hence the peace in haixin shares if there "after the first push" suspect? People familiar with the above said: "this is not the focus of regulatory investigations, ping an securities and ping an Chinese pipe such as order haixin shares for rigorous research, has a set of decision-making procedures and the reporting procedure, it is difficult to conclude that the two join forces on this stock. "This year, the securities sector on public placement Fund, securities firms, listed companies and other institutions for a series of acts of a serious investigation, but for insurance asset management and private equity funds did not address. And now, ping an Chinese tube as insurance asset management is also included in the scope of investigation, "regulatory approach is more stringent, regulation is also increasingly widespread, green it is bumped this investigation points in time. "So one person market evaluation.

5 billion ya, Bao CSR on the history of social security's biggest a share investment

CSR CSR 2010 income constituted $ 300 billion of social security fund enter the market, which listed company will be lucky? Speculation at the social security fund has made a surprising move. On June 15, China railway and urban rail transport equipment market share leader in CSR (601,766, unit) (601,766) announced that the social security fund will invest $ 5 billion in cash, and participate in non-public offering. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Deciphering the trader password, grasp the main trends "in my impression, SSF has never invested so much money involved in the a-share listed companies, is perhaps one of the biggest in the history of social security fund investment in shares. "Hai Tong securities (600,837, unit) mechanical longhua reporters, industry analysts said. Invest billions to build a complete industrial chain based on CSR's non-public offering plan, this private placement offering price of RMB $ 6.06/unit. Upon completion of the 2010 annual profit distribution, private placement offering price will be adjusted to $ 6.02/unit. China Merchants securities (600,999, unit) Liu Rong machinery industry analysts believe that this fundraising plan for industrialization of high speed heavy rail transportation equipment, and extended services, InterCity transit network construction of Metro vehicle maintenance base and service projects, extending industrial chain of services and additional liquidity. This private placement is conducive to further increase manufacturing capacity and research and development capabilities, consolidating technology advantage, and further optimize the structure of an existing product, improve international competitiveness. Longhua believes that this raised investment capital from the 18 projects from the IPO to increase production capacity for new products, changes to increase the high-end product maintenance and core parts and components manufacturing, a small amount increases productivity of high-end products subsidiary, to enhance the company's unit revenue profit capacity. Liu Rong considered, by the financial crisis of 2009 Metro orders declined, so 2011 delivery rates decline, but the 2011 Metro rapid order, judging from the announcement of the contract, the former South car subway order May have been close to $ 10 billion is expected around 2012 annual revenue growth of 70%. And thanks to Metro vehicle bidding slightly adjust pricing, 2010 start CSR gross margins for urban rail vehicles begin to improve. Social security lock hit $ 5 billion three-year private placement of this CSR object only two: one is the controlling shareholder of the company CSR group, second, social security funds, subscribe for the amount of $ 6 billion and 5 billion yuan to subscribe by cash subscription. Addition to the cash option, a social security fund is rare commitment: this subscription from the date of end of the private placement of shares shall not be transferable within 36 months. Southern group commitment, this release is complete, Southern Group of the non-public offering since the end of private placement of shares held before transfer within 36 months of not engaging in. According to the notice, the non-public offering a total of 1,827,242,524 shares, is Southern Group and the social security fund subscription of 996,677,740 and 830,564,784, respectively. In the CSR in a private placement notice or notice of the social security fund in 2010 earnings. As of December 31, 2010, the pension fund assets amounted to 856.69 billion yuan, fund interest was 837.558 billion yuan, 2010 net income of 32.122 billion dollars. It could therefore be concluded that, social security funds in 2010 yields 3.835%. For Social Security Fund, interest exceed 800 billion, 5 billion accounted for only a small part of the interests of social security fund in cash, but for social security in a share of the investment, but not cheap. By the end of last year, there were social security fund in the top ten shareholders of listed companies in 339 total stake worth 42.732 billion yuan, of which, put in the largest amount a company be-Qinhuangdao Railway (601,006, unit), and social insurance of the Social Security Fund Council 501 combination holding $ 2.352 billion and $ 629 million, respectively, together hold about $ 3 billion. In fact, test water a share of Social Security Fund, the main three ways are: strategic investor participating in the new share IPO placement, participate in a private placement, search for fund manager managing funds. That year, China petrochemical (600,028, unit) when the IPO, social security funds has to offer price $ 4.22 placing of 300 million addition, celebrity estates (000667, unit) more of a social security 112 combo, which is public-fund management behavior of the social security fund is not the behavior of the social security fund directly. In addition, the social security fund would make strategic investments in Hong Kong stocks, the main object is the State-owned enterprise company. This social security fund invested $ 5 billion yuan in cash, and participation in CSR sale once the subscription is complete, CSR will become so far, the social security funds in the a-share market is one of the biggest direct investment. End of social security entered the market to $ 6 in or iron as people's "life insurance money," social security fund investment security and added value is particularly important. Despite the General Social Security Fund is not large, but its leading policy of "sensitivity", so that it has played a proactive role in the market, their every move has also become an important investment market reference. "Believe in the next three years, the $ 6 price is almost invisible. "A private person said, this social security fund invested $ 5 billion in cash to participate in CSR on the issue, and its commitment to lock for 3 years. Social Security Fund must be considered see, CSR will become in the future high speed rail, and intercity rail transport, the most profitable companies, so brave heavy hand to buy under the Social Security Fund and long-term holding. Haitong securities longhua considers, taking into account the $ 11 billion of additional fully diluted, 2011-2013 CSR EPS: $ 0.29 and $ 0.35 and $ 0.44, net profit growth rate of 54%, 22%, respectively. Valuation of current CSR medium-low, maintained on CSR "buy" rating. Liu Rong raised CSR's rating to "strongly recommend-A". Assuming the total share capital increase of additional, 15%1-2013 earnings per share of $ 0.28, 0.36, 0.49, respectively. As 3-5 growth in the future than to determine, catalyst events may also include in the second half: MOR starts 2011 bid, Beijing-Shanghai high-speed railway guest rate exceeded expectations, rebound in new high-speed rail projects, short-term bad, by year 2012 times valuations, China Southern one-year target price of $ 9. (Daily economic news under) China South car part intends inputs project situation project name total investment intends inputs raised investment recovery internal proceeds (million yuan) funds (million yuan) period (years) rate (%) high speed dynamic units industrialization base construction project 2730001400008.220.43 city inter-dynamic units development and the industrialization construction project 115000950008.9512.34 Guangdong track traffic vehicles built base project 2793571200009.1512.31 high power motor and city rail vehicles development upgrade project 900207000010.8119.46 Guangzhou South car city rail vehicles maintenance assembled base project 73702140008.4210.17

Time to market for life insurance said it would carefully select

⊙ Reporter Mr. Yu Yong Lu Xiaoping 0 edit in recent days, the protection of listed information became the focus of the group, and the listing the more investor interest. "Protection of overall market conditions have been met, can officially start work. But will carefully select the judgments listed. " Yesterday, the Chinese Chairman Wu Yan first public disclosure of listed insurance group progress. This means that after four years in Office, Wu Yan traditional limited an old state-owned insurers into first financial holding group owned by listed companies. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Cracked the trader password grasp the main trends of billions of social security funds amounted to 11% than it is learned that the social security fund invested 10 billion yuan, accounting for about 11% of the Chinese Group's total share capital. For investors, the listing will break the protection group has been maintained for more than 6, 7-year-old situation that only three listed insurance companies. According to the close protection group level, 2009 approved by the State Council after stock reform has been completed, more or less requires the protection of the State Council group listing. Protection group and implementing the requirements of the State Council, has been listed as a stage more or less objective. Introducing strategic investors is listed essential preparations, because the protection group is the exclusive launch of the Ministry. Last July, the protection group officially launched the introduction of investment-related work. After communication with the Treasury, finally chose the social security fund. Social insurance fund is a unique institution, select social security as a strategic investor, can be said that the Chinese people to contribute to the society, people in another way. In early 2007, Wu Yan as President of a protection group, he proposed "business sector collaborative development" strategy. Since then, the protection group in the absence of external direct investment conditions, short Board was quickly up on life insurance business. Life insurance life insurance took less than 5 years to achieve operating profit, becoming one of the fastest growing life insurance market "dark horse", covered 7-9 life insurance company in the past years to go the distance. PICC health insurance also spent less than 5 years has made profits, breaking the major health insurance companies profit cycle of 8-10. These two business profitability, assets accumulated speed tops in the domestic market first. The latest results showed that PICC property casualty into the development of fast lane. At present, the protection group multivariate models mature, laying a solid foundation for listing. In 2010, the life insurance group's overall profitability and underwriting profits hit a best, overall earnings $ 7.33 billion, is a 2006 $ 4.5 times times net asset yield near 17%, successful realization from diversified investment shift to the profit of the period. In 2011, the overall profit is expected to exceed $ 10 billion. It is learnt that the first 4 months of the year, the protection group net profit of about $ 4.4 billion of the $ 4.5 billion, profit record. Market conditions have a market analysis, Chinese insurance after recent years of reform and restructuring, integration and development, already shows the significant investment value. The introduction of social security in this strategic investor, make the preparations for the protection group to be listed much a step forward. But when listed, there is a corresponding examination and approval links. Wu Yan emphasized that Chinese preparation for listing as a, constantly upgrading their own value, and continuously improve their operation and management mode, constantly expanding the development space, continue to fulfil their social responsibilities, from the perspective of this process, currently listed conditions has been met, can start with specific related work. Earlier, pace of intensive protection of capital operation initiatives show group listed as a whole is advancing steadily. Local insurers in Hong Kong Asia financial group (Holdings) Limited announced that companies agree to capital increase 317 million Yuan to the protection of life insurance in order to maintain its holding 5% unchanged. Prior to this day, group life insurance and China PICC announced capital increase to the protection of life insurance, respectively, maintain the company's stake unchanged. June 8, the protection group will hold "China smell of" financial assets in Beijing two equity exchanges, resolve "Hua Wen" into the end of the disposal of assets. From the perspective of future developments, enter "35", the protection group, aiming to 2015, Group revenues more than doubled, annual compound growth rate of more than 15%, exceeded $ 1.5 trillion in total assets, return on equity reached the leading level.

Variable annuity insurance insurance companies actively layout

Insurance premiums this year does not look good. In May announced shortly before the premium income, though some insurance companies have stopped a continuous trend of declining, premiums continued to decline but there are still risks and enterprise. Whether dividends insurance, universal life insurance is already difficult to find in the market of investment and even risk now seems difficult to evoke the interest of consumers. In this case, the insurance company is also actively layout not long ago, insurance regulatory Commission approval Shanghai, Beijing and other places of the pilot finally variable annuity insurance. Distance pilots only a month, first variable annuity insurance will come out. Yesterday, an insurance company announced the launch of "surplus" variable annuity plan, and variable annuity insurance means insurance protection features included, insurance interests and the associated investment account invest unit prices of links, and in accordance with the policy agreed with the lowest interest guaranteed by the policy of life insurance products. This variable annuity plans biggest feature is that after the expiry of the insurance guarantee of principal, and investment account operations more transparent, the applicant may at any time, and policyholders can also expire after the expiry of the insurance payments into pension payment. News reporter Zhang

Climbing fees paid le49 quantity and quality of Shanghai Bank insurance double drop

Ji Yunfei was once dependent on channels of Shanghai life insurance on banks and insurance companies, lately somewhat reluctantly to taste "a loss for both sides" for the first time. First 5 months of this year, Shanghai channel of banking and insurance premium revenue of $ 14.13 billion, down 19.9%, total premium income in Shanghai life insurance 25.48 billion yuan, down 21.3%. Channel not to force banks and insurance companies, life insurance premiums in the first half growth seen as Shanghai. Taking into account the growth of the high base last year, Hu scale decline in banks and insurance companies on the market expected. However, banking and insurance business caused by the decline in the quality industry concerns about prospects for banks and insurance companies. Shanghai Insurance Association statistics show, first 5 months of the year, banks and insurance companies pay premium income of $ 1.38 billion, accounted for more than just 9.7%. According to informed sources, the stagnation point sales after the abolition of banks and insurance companies, life insurance companies in order to pull the banking and insurance sales achievement, secretly raising banks and insurance fees, banking and insurance fees and self-discipline of the Convention was to break through again. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Cracked the trader password appeared grasp the main trends of stagnation effects cancel according to the first 5 months of the year, life insurance companies in Shanghai only Kunihisa, Jinsheng, Tian, AC CMG silver 6 life insurance companies, such as banking and insurance businesses to achieve positive growth. Xinhua and Taikang these 2 large Bank and insurance company's performance fell and 27.9%. Resident banks and insurance companies after the effects on the performance of banks and insurance companies are emerging. In November last year, Banking Regulatory Commission on further strengthening the insurance agency business in commercial banks, issued notice of compliance risk management and sales halt to resident banks and insurance companies sell. This reporter learned from the various life insurance companies, although slightly different personnel in point of sale withdrawal points in time, but by the end of February this year, Shanghai resident banks and insurance companies on sale has completely ceased to exist. However, Shanghai banks to "cancel resident sales" there are still certain differences of understanding and implementation, some banks completely do not need life insurance company sales, some banks still need to do some life insurance sales associate sales and follow-up service. "In some comparative closer cooperation network, will send one or two resident companies still periodically sales service maintenance. The Pacific "(601,099, unit) banking and insurance, life insurance in Shanghai Branch Manager Zhu Jingwen admits, however, banks and insurance companies have in common the bottom line is" sales, not long-term squatted in Bank outlets, recommended to customer without sales ". Stagnation point sales after the cancellation, Bank high Cabinet and lower Cabinet and even the Hall agency insurance business managers need to have a certain degree of familiarity, especially now banks scooped up bonus requirements of professional risk insurance and universal life insurance is not low. Bank of communications (601,328, unit) Hongkou Branch Director Chen Leiying said since the beginning of this year, organized by life insurance companies for training support for cooperative banks increased sharply, as in a transition period, bank personnel insurance sales stagnation point of sales than in the past. Reporter was informed that the Banking Regulatory Commission and China insurance regulatory Commission also gather information from banks, insurance, such as the resident sales after the effect of the new deal, the ability of banks to independent agents selling life insurance company sales, is also required for the secondary. Competitiveness weakening caused by interest rate if the sales model adjustments are led to internal causes of the decline in performance of banks and insurance companies on Shanghai, the Central Bank to raise interest rates several times external competitiveness weakening further products benefit banks and insurance companies. Starting from the second half of last year, Central Bank interest rates several times, now 1-year time deposit interest rate up to 3.25%, up from traditional life insurance products scheduled interest rate 0.75%. Our consultants, shanghaicaijingdaxue Zhong Ming of the Department of insurance Director said interest rates will make the life insurance products attractive low interest rates reduce, savings-life insurance products sold on the market under impact larger consumer purchases will be reduced. If life insurance is not rapid product innovation, also could face premium growth or negative growth situation. Currently banks and insurance companies on the market in Shanghai and bonus danger and occupy the most exalted position, and mostly short-term danger-fans to pay dividends, this type of insurance premium close to the insured amount, is a savings alternative products. Chen Leiying said share insurance while focusing on different life insurance companies, but overall selling point is the same: quickly returned, accident protection, annual cash annuity or insurance dividends. In the context of higher interest rates, although the increase in fixed investment life insurance company receipts may lead to increased dividends, but such a good with a lag, often fails in the here and now reflect, and life insurance companies in the past the bonus level is not high, it is difficult to attract consumers. A Chinese-funded insurance Director of the Shanghai Branch Office admits, pressure on banks and insurance sales this year is that the competitiveness of products fall sharply due to the depressed capital market performance, the company is thinking about what products to "rescue". To this end, the variable annuity Shanghai pilot may become a new hope. A few days ago, Jinsheng life "under the" variable annuity insurance has taken the lead in the market. Business embedded value on the low scale of business growth in banks and insurance companies, but business acquisition life insurance company to pay costs have not dropped, but in the fierce competition increasing. According to informed sources, the resident banks and insurance companies cancel makes the bank counter sales must be devoted more manpower for sales agents, combined with many banks earlier this year to increase the assessment of intermediate business income, banking and insurance fees larger margins climbed in early 2011. "Under the life insurance company in Shanghai in 2009 signed to the banking and insurance fee standard of business self-regulation commitments, fans pay a bonus life insurance, health insurance, general insurance fees CAP in a 5-year, 5 year above and 3%, respectively, but now the wholesale banks and insurance companies to pay fees has risen to between 3.5% per cent. "" Recently, many banks and life insurance company total signed a banking and insurance fees to the general framework agreement, much scale than in previous years, this Convention on banking and insurance fees and self-discipline to the market challenges. "Zhong Ming said the fees regulation has always been a double-edged sword, after all, different companies on the scale of development is at the starting line of the same article, their demand for scale and profit is not the same. It is learnt that, in order to adapt to developments in banking and insurance markets change, had begun on the 2011 edition of the Shanghai Insurance Association BR self-discipline Convention fees scale adjusted accordingly from 3% up to 4% fans pay the 5-year period; barge to pay more than 5-year3.3% up to 4%. Shanghai Insurance Association said hope life insurance companies always keep a clear, accurate judgment in silver on the basis of market conditions to promote business growth in health. "Regulators do not want to see the most now is business fluctuations, for banking and insurance business explosive growth last year but this year has stalled life insurance company, insurance Council is called upon to advise on internal meetings. "People said. Unpleasant period paid business development is also in Shanghai and tangle of problems banks and insurance companies. First 5 months of the year, Xinhua life insurance 28.6% market share of the lead Shanghai banks and insurance companies to pay on the market, in addition to zhonghongrenshou no silver single premiums, payment business account for banks and insurance companies on the Shanghai de an Alliance in is lower than the maximum life, 52.4%. However, more banks and insurance companies still rely on barges to pay life insurance company business strike out, Shanghai life insurance company 23 single premiums than banks and insurance companies more than 90%. Among them, Tian an life, social life, all life, such as zhengderenshou, China life insurance 8 life insurance company's barge to pay up than than 99%. In the same period last year, Shanghai new single banks and insurance companies to pay than the lack of 1% of the internal company only 6. Zhong Ming pointed out that, although the negative growth seen as banks and insurance companies in the first half, but will still be run through banks and insurance companies the main battleground for the whole year. Prior to this, business volume growth of banks and insurance companies at the same time, its operational structure is reasonable, such as fans pay, pay scale, long term and short term insurance-insurance, renewal has accumulated ratio, are the focus of attention in the industry. But judging from the situation, banking and insurance issues remained to be resolved with low business embedded value.

Life insurance company of China Jiuquan branch three corruption probed

Justice network in Gansu, June 21 (reporter Li Xiaoxia) recently, Suzhou in Gansu province people's Procuratorate discovered life insurance company of China Jiuquan branch a, Li Zheng, Xu a nest of corruption case. The end of 2010, Suzhou people's Procuratorate received materials from a report, China life insurance company limited in Jiuquan branch of Zheng was arrested for embezzlement, bribery and other economic problems. Received reported material Hou, the homes no eager to for early check, but for reported material for in-depth analysis, carefully research reported material in the reflect of problem, to reported material for relying on, developed careful of early check plan, expanded investigation sight, from perimeter step step tightened, only with has two days time at seized has Zheng a colluded with financial personnel Lee a, and Xu a three people common corruption of Wo case. After investigating the case, local people sigh: "insurance companies selling insurance to the customer, why not give yourself to buy" insurance ", insurance companies are also not" insurance "is! Prosecutors found good! This case has caused great repercussions in society, in addition to combat crimes, greatly improving the reputation and prestige of the procuratorial organs, played a deterrent and preventive effect for job-related crimes.