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.