Taikang Insurance Group to get listed within three years
Updated: 2016-08-22 15:14
By Hu Yuanyuan(chinadaily.com.cn)
|
|||||||||
Taikang Insurance Group, one of the country's major players in the insurance industry, will strive to get listed within three years, the group's chairman Chen Dongsheng said on Sunday.
"We are going to make Taikang a public company within three years,"said Chen, also the founder of the insurance company. "But we will not do it merely for a listing purpose since our solvency ratio is 300 percent right now. We will first consolidate our structure and realized the shareholders' interests."
Taikang just received approval from the China Insurance Regulatory Commission to turn itself from a life insurance company into a group company.
The group will be mainly responsible for the layout of strategy, team and risks management while subsidiary companies will focus on implementation and innovation, according to Chen.
In the coming decade, Chen said Taikang will quicken its globalization process by taking assets management and running its business globally.
"But we will be very cautious in investing overseas at the very beginning," Chen added.
- Goodbye, Rio; hello, Tokyo
- The world in photos: Aug 15- Aug 21
- Kickboxing and throwing punches: Welcome to flight security training
- Qinqiang Opera actors brave heat to bring smile to faces
- Top 10 cities with highest GDP in H1
- Chinese teenagers take gold, silver on 10m platform
- US granted re-run to send China out of relay race
- China inches toward gold after beating Netherlands
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Trump outlines anti-terror plan, proposing extreme vetting for immigrants
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
US Weekly
Geared to go |
The place to be |