Limit reducing abuse space, holding the chairman and general manager accountable! Financial reinsurance regulation is becoming more standardized.

Regulatory authorities are taking action to regulate financial reinsurance business. The Financial Regulatory Bureau issued a notice to localities and insurance companies on "Improving Financial Reinsurance Regulation" to improve and standardize the supervision of insurance companies' financial reinsurance business.

For a long time, financial reinsurance has been one of the channels for insurance companies to supplement capital. However, compared to traditional methods such as shareholder capital increase and bond issuance, financial reinsurance is a "double-edged sword." Industry experts say that the advantage of financial reinsurance is that it can smooth profits and alleviate the capital needs of insurance companies; however, its "beautified financial statements" also threaten the development and survival of the company. (Peking Business Daily)

Four insurance asset management companies made a combined net profit of 4.7 billion yuan in the first three quarters, with both China Life Asset and TaiKang Asset recording a net profit growth rate exceeding 20%.

The third-quarter reports of insurance asset management companies are currently being disclosed.

According to statistics, as of November 18, four insurance asset management companies, including China Life Asset, TaiKang Asset, Sino-Italian Asset, and Allianz Asset Management, have disclosed their third-quarter reports. In the first three quarters, these four companies achieved a total net profit of 4.7 billion yuan. Excluding Sino-Italian Asset, which has no comparable data, the other three companies have a total net profit increase of 30.60% year-on-year. Among them, China Life Asset and TaiKang Asset's net profit growth rate exceeds 20% year-on-year; the four companies achieved total revenue of 9.873 billion yuan, with the three comparable companies' revenue growing by 20.03% year-on-year. (Securities Daily)

"Integration of banking and insurance" celebrates its first anniversary: Banking-related insurance companies gradually emerge from their pain points, with many foreign insurance companies entering an upward channel.

On the first anniversary of the strict execution of the bank-insurance channel, many insurance companies have seen their premium scale in the bank-insurance channel return to an upward trend, with foreign insurance companies showing significant year-on-year premium growth. Additionally, several leading insurers have shown signs of stabilizing after a decline. The decline among banking-related insurance companies has significantly narrowed; according to data from the industry exchange in the first three quarters, the six major banking insurance companies experienced a decline of 12.5%, which is 8.6 percentage points lower than the industry average. (21st Century Business Herald)

Lian'an Life Insurance has significantly invested in shenzhen int'l, with 15 cases of insurance capital investments this year.

Lian'an Life Insurance Co., Ltd. announced that the company has invested in shenzhen int'l stocks.

According to the announcement, before participating in this investment trade, Lian'an Life held 120.0355 million shares of shenzhen int'l, accounting for 4.98% of its total share capital; on November 15, 2024, Lian'an Life bought 0.5 million shares of shenzhen int'l, bringing its total holdings to 120.5355 million shares, which makes up 5.00% of the total share capital of the listed company. (Peking Business Daily)

Haibao Life Insurance plans to increase capital and expand shares while ST ylz information technology gives up its priority subscription rights.

Haima Investment Group recently announced a strategic investment in Haibao Life Insurance. However, the two parties did not disclose details such as the amount of capital increase. The capital increase is still subject to regulatory approval, which carries certain uncertainties.

Some shareholders also chose to give up participating in this capital increase. ST ylz information technology recently announced that it has chosen to relinquish its priority subscription rights in this capital increase by Haibao Life Insurance. It stated that this decision was made based on a careful assessment of the company's development strategy and is consistent with its current operational situation. (Interface News)