Insurance or become the next Wenzhou fried Housing Group

Economic Herald reporter Yu Shun will be a few days ago, Taiwan's life insurance industry investment in mainland real estate gate.　　Cathay's insurance company has successfully "landed" on the mainland insurance market and has considered siting in Beijing, Shanghai and other cities. At the beginning of September, the coveted real estate insurers have finally got the "pass", the CIRC issued the "Insurance funds investment real estate interim management measures", insurers can not exceed the last quarter of the total assets of 10% of the proportion of investment in real estate.　　The total assets of the insurance industry at the end of the second quarter of this year amounted to $4.52 trillion, and the insurer's investment in the property market would be as high as 450 billion yuan. Taiwan's 30 billion NT dollars can invest in mainland real estate in recent years, Taiwan has the strength of the insurance companies have "landed" expansion of the business map, such as Cathay and Thailand in 2004 with the East Airlines joint venture to set up the Shanghai Eastern Cathay Life, Taiwan Life and Xiamen to build a joint venture in 2008 established June long life　　New Light Life and HNA Group on March 2, 2009 in Beijing to register the establishment of new light HNA life. The Economic Herald reporter learned that the Taiwan Open insurance Company "landed" the production, is expected to benefit the island's 14 insurance companies, the estimated amount of real estate can be invested in the mainland amounted to 25 billion to 30 billion yuan (NT).　　Cathay, Xinguang and Taiwan life have said they will go to invest in real estate in mainland China, with the estimated amount of 3 companies investing in mainland real estate to $16 billion. In addition, Taiwan authorities recently opened the island's insurance companies to invest in mainland securities, but the CSRC has yet to approve its overseas qualified institutional investors (QFII) qualifications.　　Industry insiders believe that Taiwan's life insurance industry investment in mainland China's footsteps "may be faster than the securities."　　In order to avoid Taiwan insurance companies to the mainland "speculation room", Taiwan's financial authorities require insurance companies to purchase the mainland for their own real estate, the area can not be less than 50% of the total area, idle space can not be rented; before purchasing real estate, the insurance company must approve the approved by the competent authority, and　　China Ping An 700 million yuan into the property market Ping An 718 million yuan to buy in the plaza, the investment in real estate after the first known by the public trading behavior.　　September 19, Ruian and China Ping ' an holding company Ping an insurance to reach an agreement, ping An insurance to 718 million yuan to buy Ruian is located in Chengdu, the Central Hui Plaza two phase project.　　It is understood that the project is Ruian built in 2006 with more than 400 million yuan won the Chengdu Uncompleted Building project, the project is located in Chengdu Core area, the floor area of about 39,500 square meters. In addition, The Herald reporter noted that ping ' an holding company Ping An trust also unwilling to be outdone.　　20th, Hopewell Rich announced that Beijing will be its joint venture in Tianjin to transfer 24.54% of its shares to the Ping An trust, the cost of 900 million yuan. It is reported that the project is August 25, Jing-Jing Fu and the Agile real estate, decimating real estate and Shimao property jointly acquired in Tianjin Jinnan District Salt water sell a total value of up to 70.5Billion of commercial properties, 4 companies occupy 25% of the equity, the total construction area of more than million square meters.　　Industry insiders pointed out that the large insurance companies such as Ping An property has a strong financial strength, the real estate this piece of fat has long been eyeing. The curve breakthrough under the investment pressure September 5, the CIRC issued the "Interim Management of insurance funds investment shares" and "insurance funds investment real estate interim management measures", allowing insurance funds to invest in unlisted enterprises equity and real estate.　　Colin Dyer, chief executive of the real Estate advisory agency, said that as insurers were allowed to invest in the real estate industry, China would start a new round of demand for quality commercial real estate. Colin Dyer points out that the assets managed by Chinese insurers are nearly 4.6 trillion yuan, and are growing at around 20% a year.　　If insurers put all 10% of their quotas into commercial real estate, the investment is equivalent to 460 billion yuan, the potential demand for $68.5 billion trillion, and last year's total commercial real estate investment was only 17 billion dollars. "Insurance companies invest in real estate has long been a common phenomenon. Previously, insurance companies could purchase office space for real estate investment in their own name, or invest in real estate and buy shares in listed property companies through group trusts and real estate investment management companies. Now that the policy is opened, the project that the insurance company has previously stocked can surface.　　Professor Sour, dean of the Central Insurance Academy, said. Herald reporter noted that not long ago, China Life, China Peace has been 2.6 billion yuan, 600 million yuan in the absence of competitors in the case of Hangzhou, Shenzhen bustling road plots.　　According to China Real Estate Research Center statistics, from 2006 to 2009, insurance companies in the name of the purchase of office space has more than 1.2 million square meters. Industry Guide reporter disclosed that the insurance company, in addition to their own use, but also rely on rental surplus floor to obtain rental income. Take close proximity to Shanghai World Financial Center's Taiping Finance mansion for example, the total investment is 2.2 billion yuan. In addition to part of their own use, the rest are sold outside.　　At present, the rent is set at 8-10 yuan/day/square metre. Some scholars pointed out that, according to the existing assets of the insurance industry, with 10% investment ceiling calculation, theoretically, more than 450 billion yuan can enter the real estate sector, but in fact, based on the new premiums and the backlog of funds not effectively used, the insurance Regulatory Commission executives have disclosed that more than 1.5 trillion of the risk investment pressure. This background makes the CIRC take an accommodating attitude to break through the "restricted zone" to the curve path of the insurance fund in various names.