RSS Feed
Several insurance firms, including China reinsurance (Group) Company and Taikang life insurance Company, are said to have submitted applications to the regulator for initial public offerings (IPOs) on the Chinese A-share market and be pending for approval currently, said news on September 13, 2010.
Insiders predicted that one to two insurance firms will be agreed to list on the A-share market. And China reinsurance and Taikang Life have bigger possibility.
For aforesaid saying, a person responsible in China Reinsurance denied the saying, showing that the company has not had a timetable for A-share listing. However, Taikang Life declined to reply to the saying.
China Reinsurance, with registered capital of CNY 36.15 billion, the only re-insurance firm in China. Taikang Life, a nationwide insurance firm approved by the Chinese central bank, witnessed premium revenue of CNY 57 billion in the first seven months of this year, taking the fifth place in the Chinese life insurance sector, and CNY 67 billion in 2009.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Posted in 
