China Life insurance increased capital 4 billion yuan

December 21, China Life Insurance Co., Ltd. (hereinafter referred to as "Guo Shou Shares", 601628.SH) issued a notice to be with China Life Insurance (Group) Company (hereinafter referred to as "Guo Shou Group"), to China Life Insurance Co., Ltd. (hereinafter referred to as "PICC property") increase of 4 billion yuan,　　To increase the latter's registered capital to 8 billion yuan, the shareholding ratio of the two remains unchanged. Founded in 2006 at the end of the national life Insurance by the national Life Group and the shares of the joint venture, the two sides shareholding ratio of 60% and 40% respectively.　　Currently registered capital of 4 billion yuan, in the country has 19 branches.　　According to the development strategy of Guo Shou Group, the establishment of property insurance company is the strategic measure of China Life to build the International top financial insurance Group, according to the development strategy of "strong main business and moderate pluralism" of the National Longevity Group, and it belongs to one of the pluralistic development directions of insurance business and asset management.　　According to the internal data of the national life insurance, as of November 26, the National life insurance Premiums 2010 income breakthrough 10 billion yuan, up to 10.018 billion yuan, an increase of 39.51%, higher than the industry over 7%, the market share ranked industry 6th. The 10 billion-dollar premium is relatively 4 billion yuan in registered capital, and the pressure on solvency adequacy seems to be tight. An industry personage analysis, "The National Life insurance must plan the more rapid growth, the branch organization's laying may rank in the first place."　　"China Life insurance internal data show that its Henan, Jiangsu two branch company premiums have exceeded 1 billion yuan, the market share of the top 5 provincial institutions a total of 14, of which, Henan, Shanxi two branch market share ranked 2nd. At the same time, China Life insurance is also consolidating profitability. According to the 2009 Annual report of China Life, as at the end of 2009, the national life insurance to achieve a net profit of 80 million yuan. Its internal data show that as of October this year, the overall cost rate fell 9.5% Year-on-year, is expected to achieve underwriting profits at the end of the current underwriting profit of the provincial institutions have 16, accounting for 76.19%,　　Branch of the cumulative realization of the underwriting profit of 247 million yuan, the total system to achieve net profit of 410 million yuan, increased by 475% from last year. China Life Insurance One insider said, since 2010, the national life insurance in the whole system of key operating indicators "market to the standard" management, requiring the branches of the local excellent market key business indicators for reference, combined with the actual, set up the target index, through the establishment of the standard data month analysis mechanism, etc.　　Drive key performance indicators for branch offices to reach or exceed local market averages as quickly as possible. However, rapid development is also accompanied by the emergence of problems.　　In October this year, the CIRC issued a supervision letter to 14 insurance companies on the illegal regulation of intermediary business of insurance grassroots institutions. Guo Shou, president of China Life Insurance has previously said that the country life insurance will rely on China Life's marketing team and business resources, for 3-5 years to enter the Chinese insurance industry first Legion. "China Life insurance will be chargedBased on the overall operating advantages of China Life, the effective integration of market services and customer service system, and constantly innovate products, sales, service and profit model, the overall construction of China Life's unique operating characteristics and differentiated core competitiveness.　　"In addition to its own direct sales, marketing channels, Guo Shou shares in the country currently has more than 15,000 marketing outlets and more than 650,000 life insurance personal agents, as well as more than 12,000 group insurance sales staff." However, there has been no progress since the introduction of the strategic Investor scheme by China Life Insurance in 2008.