New China Life Insurance
 | |
| Company type | State-owned enterprise; Public |
|---|---|
| Industry | Financial services |
| Founded | September 1996 |
| Headquarters | NCI Tower, Beijing , China |
| Services | Life insurance |
| Revenue |  CN¥157.918 billion (2015) |
| CN¥8.601 billion (2015) | |
| Total assets | CN¥660.560 billion (2015) |
| Total equity | CN¥57.835 billion (2015) |
| Owner |
|
| Website | newchinalife.com |
| Footnotes / references in a consolidated basis[1] | |
| New China Life Insurance Co., Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 新华人寿保险股份有限公司 | ||||||
| Traditional Chinese | 新華人壽保險股份有限公司 | ||||||
| |||||||
| New China Insurance Group | |||||||
| Simplified Chinese | 新华保险集团 | ||||||
| Traditional Chinese | 新華保險集團 | ||||||
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New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan (Chinese: 新华保险集团) is a Chinese life insurance company based in Beijing. The Chinese government owns more than half of the shares of the company via sovereign fund Central Huijin, via state-owned enterprise Baosteel Group and a financial service company China Securities Finance.
The company is a constituent of the CSI 300 Index, FTSE China A50 Index and Hang Seng China Enterprises Index, and is a former constituent of the SSE 50 Index (blue chip of Shanghai Stock Exchange).[citation needed]
The company was ranked 427th in 2016 Fortune Global 500 and 297th in 2016 Forbes Global 2000.
Equity investments
[edit]The company invested the premium received to several publicly traded company of China, notably Hikvision (0.51% stake in 2015), Industrial Bank (0.21% stake in 2015) and Tianqi Lithium (5.20% stake in 2015).[1]
Shareholders
[edit]- Top 10 shareholders
- As of 31 December 2015[1]
- State Council of the People's Republic of China (47.36%, as A shares)
- Central Huijin Investment (32.25%, as A shares)
- China Baowu Steel Group (15.11%, as A shares)
- Swiss Re (4.90%, as H shares)
- Fosun International (3.28%, as H shares)
- China Securities Finance (2.70%, as A shares)
- BlackRock (1.92%, as H shares)
- Beijing Taiji Huaqing Information System (0.71%, as A shares)
- Tibet Shannan Xinshang Investment Management (0.36%, as A shares)
- HFT Investment Management – Agricultural Bank of China – Huaneng Guicheng Trust: No.3 Assembled Funds Trust Plan of HFT Securities Investment (0.24%, as A shares)
- Industrial and Commercial Bank of China: Harvest New Opportunity Flexible Allocation Mixed Launched Securities Investment Fund (0.23%, as A shares)
- Note: As all the H shares were held by a proxy: HKSCC Nominees Limited, as well the threshold to disclose the share holding was 5% (of total H shares capital), the list may incomplete.
References
[edit]- ^ a b c "2015 Annual Report" (PDF). New China Life Insurance. Hong Kong Stock Exchange. 21 April 2016. Retrieved 7 January 2017.
External links
[edit]
- Companies listed on the Shanghai Stock Exchange
- Companies in the CSI 100 Index
- Companies in the Hang Seng China Enterprises Index
- Companies listed on the Hong Kong Stock Exchange
- Insurance companies of China
- Companies based in Beijing
- Financial services companies established in 1996
- H shares
- Chinese brands
- Chinese companies established in 1996
- Baowu
- China Investment Corporation
- Government-owned insurance companies
- 1996 in Beijing