The metropolis life insurance profit is in sight Shuangpai according to the conformity acceleration
The economic news on September 16 the news US metropolis life insurance company is raised the agenda in China\’s two safe license plate conformity question every day once again. Yesterday according to the insider, this conformity still deferred to the previous plan, the Capital Airport had the Sino-US metropolis life insurance stockholder\’s rights to sell to the hand in Shanghai to unite completely and investment company, but the bargain price is hard to achieve consistently.
The metropolis life insurance altogether has two safe license plates in China. One is the Sino-US metropolis life insurance, the headquarters is located in Beijing, Chinese-funded shareholder for Capital Airport; The another association peaceful metropolis life insurance limited company, the headquarters are located in Shanghai, the Chinese shareholders bow down for the Shanghai national capital are the state-owned sole ownership Shanghai unite and investment company. Two joint capital life insurance company\’s foreign capital ownership percentage is 50:50. By the present, two “metropolis” has not realized the profit.
According to the relevant provision of Insurance Regulatory Commission, “has been allowed the offshore banking organization which invests in the Chinese insurance market not to invest share-holding similar insurance company”, therefore Shuangpai has been puzzling the American metropolis life insurance according to the question. In addition, a Sino-US metropolis life insurance\’s insider said to the reporter, because two companies delimit the river to govern, plans the national layout to the metropolis life insurance is also the barrier.
The metropolis life insurance as early as starts to prepare the conformity in 2007 the question. According to the previous plan, Capital Airport that half China, US metropolis life insurance stockholder\’s rights which had the hand in sold to unite completely the Chinese-funded shareholder in peaceful metropolis – - Shanghai united the investment company, then “metropolis” may realize the stockholder\’s rights to be consistent in China\’s two, prepared for the final conformity.
The above public figure said when preparing for construction the Sino-US metropolis life insurance, the Capital Airport invests at first 250 million. In the stockholder\’s rights conformity, Capital Airport plans this half stockholder\’s rights which has the hand to sell to 600 million ~ 700 million high prices, but the joint investment counter-offer is only 400 million Yuan.
While both sides refuse to compromise for the price, because the Sino-US metropolis life insurance the payment ability is insufficient, started one round to increase funding, Capital Airport and metropolis life insurance respective capital 150 million Yuan. Hence the Capital Airport altogether invests 400 million Yuan, in its hand this half stockholder\’s rights\’ price also along with it when production costs rise, prices rise too, the above public figure indicated that Capital Airport present quoted price possibly about 700 million Yuan.
The Capital Airport wants the stockholder\’s rights to sell high price also to have a reason, will be the Sino-US metropolis life insurance this year soon will realize the profit. According to the life insurance company\’s management rule, generally starting doing business for 6 years later can realize the profit. Establishes from 2003 until now, the Sino-US metropolis just crossed for six years.
It is known that the change of Sino-US metropolis stockholder\’s rights cannot affect its management. “As early as in both sides pool capital to establish in company\’s contract, the metropolis life insurance and Capital Airport agrees, the Capital Airport only sends the chairman and trustee in this company, does not involve the management. Remaining plenary powers is responsible for including the finance by the metropolis life insurance international department.”The above public figure expressed. (This article originates: Every day economic news author: Song Yiqing) ![]()