Four bank sounded insurance shares "regroupment"

Mixed Management is considered the trend of the times, the bank shares the insurance company has been outside attention. Yesterday, in the second quarter, summed up the situation at a news conference, the China Insurance Regulatory Commission spokesman, Assistant Chairman of the Yuan disclosed that the Industrial and Commercial Bank, China Construction Bank, Bank of Communications and Beijing Commercial Bank of the shares of insurance companies have mentioned the application to security Guardian Council, relevant departments are on the insurer's investment banking pilot programme for research.

Industry sources, this is the first time the China Insurance Regulatory Commission in response to the matter in public places on the banks of the fund companies Jianhangjianjin. Judging from the current situation, the bank's shares, seems more in line with the idea of the China Insurance Regulatory Commission, is expected to the lead.

Delineated four pilot banks

January this year, the State Council, China Banking Regulatory Commission and China Insurance Regulatory Commission approved the joint report of the "memorandum" and the principle of allowing 3-4 pilot banks into the insurance field, the Industrial and Commercial Bank, Bank of Communications, China Construction Bank, China Merchants Bank, Bank of Beijing, Minsheng Bank, CITIC Bank and many other commercial banks are interested shares for the first single insurance company.

However, the China Banking Regulatory Commission the final delineation of the ICBC, Bank of Construction Bank and Bank of Beijing for the first batch of pilot banks. It is understood that the trip to the "peace line" insurance of the existing two shareholders - PICC Group and the Fortis Group to set up a new joint venture company, from this new wholly owned holding company Pacific Life Insurance, Pacific Insurance, Pacific Taiping Pension assets and four stake in the company. CCB may be directed through the issuance of additional shares to participate in a happy life, and the Bank, Bank of Beijing were the targets of shares in Baokang and the Pacific Antai.

ICBC is expected to "the lead"

Industry sources, although the CBRC has delineated four banks pilot, but the final decision still needs the China Insurance Regulatory Commission agreed to review. Therefore, the four banks to become shareholders as a key programme. It was disclosed that the bank submitted the programme is most satisfied with the China Insurance Regulatory Commission. This is because the other three banks to become shareholders in addition to submitting the programme, and also to those who wish to set up wholly-owned funds of insurance companies, is clearly not in line with the China Insurance Regulatory Commission of Supervision.

China Insurance Regulatory Commission Vice President in charge of the work of the ceremony ZHOU have repeatedly stressed in public: "The current investment banks insurance companies is limited to a pilot form of equity participation, does not include the new insurance company." Response, a state-owned insurance companies responsible for Told reporters, if it is wholly-owned insurance companies related to the coordination of the China Insurance Regulatory Commission and China Banking Regulatory Commission regulatory issues, in the current ministries of authority not clear when the apparent reluctance of the China Insurance Regulatory Commission and the CBRC positive for the regulatory powers.

Percentage of shares is expected to open up

According to reports, the China Banking Regulatory Commission and China Insurance Regulatory Commission have jointly drafted the "commercial banks insurance companies equity investment pilot management approach", is being examined. Of these, concerns the ratio of bank equity limit insurance companies are still in close discussion. However, from the current release of the policy signal, the China Insurance Regulatory Commission for bank equity stake in the proportion of the insurance company is expected to release 20 percent of the cap, but will still control 50 percent. It is learnt that, in accordance with "the insurance company equity management approach", individual investors (including related parties) of investment in insurance companies, shares held by the same insurance company shall not exceed 20 per cent of the total share capital.

In July 15's national work conference on insurance supervision, the China Insurance Regulatory Commission Chairman Assistant Yuan Li said that "at present non-financial corporate enterprises equity insurance companies to limit the proportion of 20%, taking into account the banks and other financial institutions are unique, The proportion of its shareholding insurance company may be higher. "Yuan Li did not disclose the specific equity ratio, but reporters after the meeting that the China Banking Regulatory Commission and China Insurance Regulatory Commission are currently on the details of the consultations.