Cross-bank shares of insurance company approved imminent

Reporter Li Qiang report: Today, Peter Dicky Yip, deputy governor of the Bank of communications, said that the bank's stake in the insurance company is about to get formal approvals, but the bank's formal investment in the insurance company's timetable is still uncertain.　　It is reported that the bank's share of the target for the headquarters in Shanghai, the Sino-Baokang joint Life, the latter is currently 51% of China Life Holdings, such as the current preparatory progress, the bank is likely to rob banks to participate in the first license of insurance companies. Earlier this year, the State Council approved the joint report of the CBRC and the CIRC on the issue of the shareholding of Commercial Bank investment insurance companies, the principle agreed that the bank invested in the insurance company, and finalized the first batch of pilot-owned insurance companies four banks for the bank, Beijing Bank, CCB and ICBC. CCB, ICBC currently has no specific shares of information.　　The source said that the Beijing bank's stake in the insurance company has been basically finalized, but only to be the final approval can be implemented, the acquisition of the target is headquartered in Dalian, the first palic. Peter Dicky Yip revealed that at present, the Bank of communications to buy insurance companies specific plans have been submitted to the regulatory authorities, and from the oral reply from the regulatory authorities, the official approval will soon be issued.　　It is reported that the settlement will be bought by China Life, the 51% stake in the union. It is understood that the bank shares in the specific approval process of insurance companies is: The first bank to report materials aimed at obtaining participation in the pilot qualification of insurance companies, the CIRC, the CBRC review, and then approved by the State Council. Once the relevant bank has obtained the pilot qualification, it is also necessary to report the specific shareholding scheme to the CBRC, the content of which covers the share plan and the capital contribution, and then the official approval of the Circ.