From the two insurance giants – China’s Ping An and China Life have been disclosed in the Annual Report of view, compared to 2007, China’s Ping An and China Life will of investment funds in 2008 were substantially reduced.
Ping An of China’s annual report revealed today display that in 2007 the total assets of Ping An of China to invest 441.3 billion yuan, of which the securities buying into finance is 15.627 billion yuan, up 3.5 per hundred share. In 2008, whereas the development in total buying into assets come to 464.665 billion yuan, but has turned down securities buying into capital, to 13.443 billion yuan, accounting for 2.9%. Fund’s assets in 2008 than the 13.98 per hundred smaller in 2007.
Ping An of China said that the company’s net investment income in 2007 from the 15.2 percent increase of 16.268 billion yuan to 18.735 billion yuan in 2008, mainly due to investment in fixed interest income increased due date. The rate of net investment income in 2007 from 4.5% to 4.1% in 2008 mainly due to securities investment funds is the dividend income.
China Life Insurance from 2008 Annual Report of view, the company’s investment-based Ping An of China a similar situation. In 2007, China Life Insurance 850.207 billion yuan of total investment assets, including securities investment fund is 69.769 billion yuan, up 8.21 percent ratio. In 2008, total assets of China Life to invest the same appeared to grow, reaching 937.098 billion yuan, but a significant drop in securities investment funds, to 33.953 billion yuan, accounting for 3.62%. China Life said that the Fund’s assets than the 51.34 percent lower in 2007 due mainly to lower the depth of capital markets, as well as the rights and interests of companies to reduce investment in due course.
In item, from the closed-end finance advertised by the structure of the apex 10 holders can observe some clues. The end of the year 2008 in the closed-end finance in the apex 10 holders, indemnity financial gatherings, the utmost fraction of lessening of the foundation closures, accounting for the fraction of the complete amount of closed-end finance plunged by 6.91 percent.
According to Shenyin research suggest that the lessening in the complete closed-end finance of indemnity finance, the indemnity financial gatherings view at the closed-end finance can be encountered modifications in the financial endeavour, chiefly large indemnity financial gatherings to lessen the foundation closure.
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