Zoomlion Bulletin "leaking The secret" 9 enterprises to raise auspicious life

Local insurance companies are springing up, the first insurance company in Hunan Province is also in the trend of brewing ground. On the evening of February 20, a bulletin issued by Zoomlion, quietly opened the veil of the first legal person insurance institution in Hunan. The announcement showed that 9 large enterprises, including Zoomlion, would launch the joint venture, and the reporter learned that the plan would be in the planning stage of the company, headquartered in Changsha, and still need to obtain the approval of the relevant regulatory authorities.　　In addition, the company was established as a regional life insurance company, tentatively called "Auspicious Life". Lucky Life Movement reporter learned that the auspicious life of the capital is set at the beginning of the scale of 1.15 billion yuan, of which Zoomlion invested 100 million yuan, and another 8 large enterprises to participate in investment. Zoomlion announced the next day, the capital market immediately reacted positively.　　The same day Zoomlion shares all the way red, reported 14.94 Yuan, up to 2.53%. Zoomlion related people in the interview with this newspaper, said, the insurance institution is still in the preparatory stage, still need to obtain approval of relevant government departments, so the specific content of investment, investment time, whether the final implementation of investment and other uncertainties, "This investment implementation of uncertainty, this is also the reason for us to issue a notice." "" into the insurance industry, Zoomlion is to improve the diversified investment and financing channels, and promote the financial leasing insurance business.　　said the person. Reporter learned that if the preparation of a smooth, the life insurance company will complete the local insurance companies in Hunan 0 breakthrough, become the first Hunan local insurance company.　　The brewing Company was once proposed as "Xiangjiang life Insurance" and later changed to "Auspicious life insurance".　　However, auspicious life to get a smooth access to the regulatory authorities issued by the "Zhongsheng" may have to face fierce competition, in Beijing Xicheng District, 15th Financial Street, China Insurance Regulatory Commission's door, there are already more than 100 new insurance companies in line applications.　　The CIRC has repeatedly said that the large enterprise groups, especially the large state-owned enterprises, which encourage capital strength, strategic investment and sustainable capital investment, have become the capital of the insurance industry in recent two years, while local local governments have become strong supporters. "At present, the CIRC received more than 100 applications for the preparation of insurance companies, most of them by large enterprises and local governments, in addition to some foreign companies."　　"At the end of 2010, Dingfu, chairman of the CIRC, said at a meeting.　　It is learnt that since the 2004 CIRC issued more than 10 insurance licences, 2010 again a wave of expansion, statistics show that the 2010 only Taishan property, Prudential Auto Insurance, Kam Tai property, Hua Hui life, such as 6 local insurance companies and life Asset Management Limited liability companies have been approved for preparation.　　Industry insiders believe that, including auspicious life insurance agencies in the financing to get a licence as soon as possible have to compete fiercely. Listed companies get together in the insurance industry it is understood that the establishment of local insurance companies to avoid in the fieldRegistered insurance companies from the local absorption of funds, tax can stay in the local, and according to the insurance company Low-cost financing characteristics of reinvestment, further revitalize the funds, increase tax content and promote economic development. Reporter statistics found that hangzhou Zhejiang Business Insurance, Dalian Hundred Years Life, Nanjing Zijin Insurance, Jinan Taishan Insurance, Guangzhou Prudential Auto Insurance, Chengdu, Kam Thai Insurance, as well as the active preparation of the Pearl River Life in Guangzhou, Zhengzhou, the central Plains, Nanchang Ankang, Nanning, the Beibu Gulf, and other insurance,　　Regional insurance companies are in full bloom. "China's insurance market still has a lot of room for development, now is in the big cake, more insurance to enter the subject will be more conducive to the development of the entire industry."　　"said Professor Wang Yuejin of the insurance department at Beijing Business University.　　It is noteworthy that, aside from the comprehensive flowering of the listed banks, the company's shareholders in the newly established insurance companies more and more the presence of listed companies, through the participation of insurance companies into the financial sector, holding the current scarce financial licence is naturally more beneficial to listed companies.　　In addition to Zoomlion, the February 17 CIRC approved the opening of the Hong Kang Life Insurance company shareholders also have a listed company in the military photoelectric. Industry insiders introduced, more typical is the Jiangsu Zijin, its shareholders include Jiang Su Suntian, Jiangsu Guotai, Jinling Hotel, the three listed companies "more and more industrial capital and listed companies actively participate in the insurance industry, the basic is optimistic about the development of China's insurance." "Of course, the purpose of different investors in the insurance industry is different, but it is all about investing in the insurance industry, financial investment or even licensing, because we feel that insurance is a potential industry," he said. The person cautioned that for those investors holding the profit-making objectives of the insurance companies listed, at present, if a company intends to be listed in a shares, first of all, to meet the requirements of the CSRC for three consecutive years of profit standards, that is, through the general operating rules of the 3-5-year loss period, it will take 3 years to still have the listing qualification , life insurers need a longer investment cycle, which may be too long for some investors who simply wish to do so.