Three Shareholders And Other Shareholders In Clearing China Rong Life

Clearance of three shareholders such as group

On the other hand, Zhongtian City, a listed real estate company in Guizhou, is going to be the largest shareholder of China financial life through auction and capital increase.

Three companies, such as wedding birds, have emptied China Life Insurance Company.

The Insurance Association website announced yesterday that it had changed the information about shareholders.

In the fusion life, the shareholders reported good bird group limited, Shenli Group Co., Ltd. and Dan Ling Shen Yu Wood Co., Ltd., respectively, to hold 4 million shares (accounting for 0.8% of the company's total shares), 12 million shares (2.4% of the total shares of the company), and 16 million shares (3.2% of the total shares of the company) to Shenzhen Li Yuan Asset Management Co., Ltd.

After the completion of the paction, Shenzhen Li Yuan shares accounted for 14%, becoming the fifth largest shareholder of China financial life.

The announcement shows that Tsinghua Holdings Limited has a shareholding ratio of 20%, while the United copper foil Huizhou Co. Ltd. accounted for 20%.

Analysts said that the investment increase plan of China Life Insurance Company has led to many shareholders' withdrawal.

Zhongtian city voted or became its largest shareholder.

The problem of insufficient solvency has long troubled China Life Insurance Company. In September 18th, China financial life Co., Ltd. implemented a scheme to increase investment and share in the 800 million shares of private placement, at 5 yuan per share.

This also means that China life will add 4 billion yuan to its equity capital and increase its registered capital from 500 million yuan to 1 billion 300 million yuan.

Following the announcement in September 6th that the 20% stake in the fusion life was auctions, Zhongtian city voted again on September 19th night to participate in the capital increase of China life through two subsidiaries.

The announcement shows that Guiyang Efficient Finance Holding Ltd, a wholly owned subsidiary of Zhongtian City, intends to subscribe 247 million yuan to 12 .35 billion yuan in monetary capital, and another wholly-owned subsidiary copper foil (Huizhou) Limited invested 628 million yuan to subscribe for 1 .26 billion shares.

After the capital increase, Guiyang gold control will directly hold and through the wholly-owned subsidiary United copper foil (Huizhou) Limited, indirectly holding the 36.36% stake in the 1 billion 300 million shares of the life insurance company.

Prior to that, Guiyang gold control participated in the auction of Tsinghua holdings to be publicly pferred 100 million shares, if the progress is good, Zhongtian city investment will hold 44% of the shares of China Life Insurance Company through its subsidiary companies, sitting on the position of the largest shareholder.

Zhongtian city investment related responsible person said, will achieve the company's big financial industry "financial full license" strategic objectives, in line with the company's traditional industries and financial industry two-way integration development trend.

Zhongtian city investment has been rooted in Guizhou for more than 30 years. It is the first listed company in Guizhou province. It has strong financial license and big financial strategy has been implemented vigorously.

Serious shortage of solvency or reversing situation

China financial life

At present, the Insurance Regulatory Commission has not yet received the approval of the Insurance Regulatory Commission. If the scheme is increased, the situation of insufficient solvency will be reversed.

After the solvency adequacy ratio is met, the qualification of the company's business and stock investment will also be restored.

This year, the adequacy ratio of China financial life's solvency still shows a serious shortage.

According to the two quarter solvency report, as at June 30th, the core solvency adequacy ratio of China Life Insurance Company -18.16% was -18.22% in the first quarter.

In the risk comprehensive rating, the 4 quarter of 2015 and the 1 quarter of 2016 were classified into D categories.

At present, the company is mainly faced with insufficient solvency.

As a result, the CIRC has adopted regulatory measures to include the cessation of new businesses, suspension of additional branches and no increase in stock investment.

The company expects net cash outflow of 3 .05 billion yuan in the 3 quarter of 2016, accounting for 0.96% of the 31 billion 782 million assets approved at the end of 6.

China financial life is expected to have some liquidity risk and overall risk control.