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New China Life Insurance
Chinese state-owned insurance company From Wikipedia, the free encyclopedia
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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.
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Equity investments
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
- 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.
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References
External links
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