China Life seeks holding bank

The Insurance Regulatory Commission has issued the Investment management measures in two fields of real estate and equity investment, and Super trillion assets under the new regulation has become the focus of market attention. Yesterday, Guo Shou Chairman Chao, President Wan Feng with a group of senior executives unveiled on the World Open Day, detailed interpretation of the new rules. Chao Frankly, Guo Shou real estate is not subject to the new rules, the future of the country life will also vigorously develop the industry.　　But at present, the financial investment return of Minsheng Bank has satisfied the company, but it also revealed that Guo Shou is still actively looking for the right bank for holding. The new regulations affect the real estate does not transfer, Sino-Ocean property is not limited over the weekend, the CIRC issued the "interim measures for investment in insurance funds" (hereinafter referred to as "measures"), the 16th stipulates: "Investment in the establishment of real estate development companies, or investment in unlisted real estate enterprise Equity (except Or the holding of real estate enterprises in the form of investment stock. If an investment has been made or has been held in a real estate enterprise, it shall be revoked or transferred out.　　"There is market analysis that the new rules on the ownership of the country Shou real estate companies, but also the largest single shareholder of ocean Land, Chou the biggest impact." "No real estate enterprise shall be established in the regulations, except the project company." Guo Shou Real estate was for the national Life Group to build their own office buildings, is a project company, not affected by the new regulations.　　"Chao in the positive denial of" forced to transfer state-life real Estate "rumors at the same time, but also said that the current increase in the strength of the health of the community, pension projects, are all belong to the project company, is fully operational. In addition, Guo Shou currently holds 24.08% of the shares of ocean-going property, although the industry rumors that China Life will be forced to reduce ocean land to avoid violations, but Chao and Wanfeng have told reporters that Chou's holdings in Sino-ocean property is not limited by the new rules. "We are a financial investment in ocean-going property. Under Hong Kong's rules, a stake of not more than 30% is not a holding. According to China's mainland regulations, no more than 50% is not a holding.　　"Chao explained that, compared with the first half of the year, 2.5% of the investment yield, ocean-going property to give the return of the country Life is close to 7%. Chao that the new rules mainly express the attitude of the existing policy, insurance companies to invest in the development of commercial housing is not appropriate, "but the use of risk funds in different stages also have different provisions and impact, at present, foreign insurance companies can invest in various types of real estate projects."　　It also conveys the possibility that Chuxian will continue to broaden the scope of real estate investment in the future. Investment-income investment is widely distributed, with 3.5 earning 2.5 billion as a Chou of trillions of assets, the "approach" introduced over the weekend also had a huge impact. It is revealed that the company currently in the unlisted company's total investment degree of about 10 billion yuan, including the broad distribution, China UnionPay, Hangzhou Bank, Bohai Industrial Fund and other investment.　　Although did not disclose the overall PE investment rate of return, but the national longevity side stressed that the number is satisfactory. "We entered the 2006-year broad release, and the annual rate of return since 2007 began at 9%On。 In the first half of this year, the annual investment yield was close to 13%. Said Liu Jiade, vice president of national life. In accordance with the November 2006 Chou share Subscription Agreement with the broad issue, Chou subscribed for a 20% per cent stake at $5.67 billion.　　The reporter inquires the Chou this year, the data shows that its investment in the book value of the publication of the report reached at the end of the 8.168 billion yuan, which means that China life investment in the broad distribution of 3.5 profit nearly 2.5 billion, of which the first half of this year, profits more than 700 million yuan. The holding bank did not talk to the people's livelihood, the choice of objects many of China's peace with 52.4% of the shareholding holdings of deep development, although Chou in the broad distribution of profits, but the banks involved are also positioned in the financial investment, and did not acquire the actual holding rights.　　For Chou, who are also actively seeking for an integrated financial group, the holding bank has also become a necessity for its next strategy. There have been rumours that the Chou had contacts with Minsheng Bank after seeking to raise the share of the shares.　　However, this statement was positively denied by Liu Home yesterday, he frankly did not discuss the holding problem with Minsheng Bank. Although the rumor has been denied, Chao yesterday also repeatedly revealed the enthusiasm of overseas life to promote the holding bank, and the broad distribution and people's livelihood is still being delineated as potential targets. "The current investment in both the broad distribution and the people's livelihood is financial investment, but it depends on policies and opportunities in the future." Chao said that at present there are many banks in the market, Chou "wide choice, and not limited to the two banks." Chao that Chou in the choice of banks must choose to the main business benefits, can have interactive effect.