The leading group of China-RE Corporation is transferred to CIC management

Xinhua Beijing, June 17 (reporter Roxatidine, Anber) China Investment Co., Ltd. announced 17th, the Central Huijin Company Holdings of state-owned reinsurance companies-China Reinsurance (group) Company's leadership has been transferred by the China Insurance Regulatory Commission to CIC management. The group is the only reinsurance company in China, with 6 subsidiaries including reinsurance, direct insurance, asset management, insurance brokerage and media.　　With the approval of the State Council, the Central Huijin Company in April 11, 2007 to the China and the group to inject 4 billion U.S. dollars to complete the overall restructuring, so that its capital strength in the same industry ranked Asia's largest, the world's fifth. Founded on September 29, 2007, CIC is a wholly state-owned company established under company law, with a registered capital of USD 200 billion. CIC will operate independently and independently, making investments in equities, fixed income and various forms of alternative assets on a global scale for economic and financial purposes.