Summaries of the Quarterly Solvency Reports (Excerpts) - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 27, 2023 Newswires
Share
Share
Post
Email

Summaries of the Quarterly Solvency Reports (Excerpts)

Hong Kong Stock Exchange (Web Disclosure) via PUBT

Summary of Quarterly Solvency Report

(Excerpts)

China Pacific Property Insurance Co., Ltd.

1st Quarter of 2023

Company overview and contact information

Company name (Chinese): Company name (English): Legal representative:

Registered address:

Registered capital: Business license number: Date opening for business: Business scope:

Business territories:

Contact person: Office Tel. number: Cell phone: Email:

中国太平洋财产保险股份有限公司

China Pacific Property Insurance Company Limited

GU Yue

South Tower, Bank of Communications Financial

Building, 190 Middle Yincheng Road, China

(Shanghai) Pilot Free Trade Zone, Shanghai, the

PRC

19.948bn yuan

000014

November 2001

Property indemnity insurance; liability insurance; credit and guarantee insurance; short-term health and personal accident insurance; reinsurance of the above said insurance; insurance funds investment as approved by relevant laws and regulations; other business as approved by the CIRC.

The People's Republic of China

(excluding Hong Kong, Macao and Taiwan)

WANG Yucheng

021-33962680

13917427405

[email protected]

I. Board and management statement

The report has been approved by chairman of the board of directors. The chairman and the senior management of the Company warrant that there is no false representation, misleading statement or material omissions and the contents of this report are true, accurate and complete and have fully complied with applicable laws and regulations; and they severally and jointly accept responsibility for the contents of this report.

II. Basic information

  1. Ownership structure and shareholders, and change during the reporting period

1.Ownership structure (unit: 10,000 shares)

Beginning of reporting

Change

End of reporting period

period

Types of

Transfer from

capital

shareholders

Shares

Percentage

Shareholder

reserve and

Share

Subtotal

Shares

Percentage

(%)

injection

share

transfer

(%)

dividends

distribution

State

29,179

1.5

-

716

-

716

29,895

1.5

Private legal

-

-

-

-

-

-

-

-

person

-

-

-

-

-

-

-

-

Foreign

Natural person

-

-

-

-

-

-

-

-

Others

1,964,91

(listed

1,917,821

98.5

-

47,093

-

47,093

98.5

4

company)

Total

1,947,000

100

-

47,809

-

47,809

1,994,80

100

9

2.De facto controller

2

China Pacific Insurance (Group) Co., Ltd. is the majority shareholder of the Company, holding 98.5% of the stake.

3.Shareholding information(by descending order of shareholding percentage as of the end of the reporting period, unit:share)

Change during

Names of shareholders Types ofthe reporting

shareholders period

Shareholding

Shares held at the

percentage

Shares

end of the

at the end of

pledged or

reporting period

the reporting

in lock-up

period (%)

China Pacific

Others

470,922,835

19,649,137,578

98.50

None

Insurance (Group) Co.,

(listed

Ltd.

company)

Shenergy Group Co.,

State-owned

2,231,438

93,106,180

0.47

None

Ltd.

Shanghai Haiyan

Investment

State-owned

2,225,207

92,846,189

0.46

None

Management Company

Limited

Yunnan Hehe (Group)

State-owned

1,463,149

61,049,510

0.31

None

Co., Ltd.

Shanghai State-owned

1,245,021

51,948,193

0.26

None

Assets Operation Co.,

State-owned

Ltd.

Total

--

478,087,650

19,948,087,650

100

--

Related party Of the 5 shareholders of the Company, with the exception of CPIC Group, all are relations among concurrently shareholders of CPIC Group. Other than that, the Company is not

shareholders aware of any related party relations between its shareholders.

4. Shareholding by directors, supervisors and senior management

Was there shareholding by directors, supervisors and senior management as at

the end of the reporting period?

(Yes□ No■ )

5.Share transfer

Was there any share transfer during the reporting period?

(Yes□ No■ )

(II) Directors, supervisors and senior management and the changes thereof

1. Basic information on directors, supervisors and senior management

3

(1). Directors

Mr. SU Shaojun, boin February 1968, has a PhD degree. He has been serving as Director of the Company since May 2021 (approval document:CBIRC [2021] No. 377). Mr. SU currently serves as Board Secretary of CPIC Group, and Director of CPIC Life. He previously served as Assistant General Manager, Deputy General Manager of Underwriting Department of CPIC P/C, Deputy General Manager, General Manager of CPIC P/C Beijing Branch, General Manager of Development and Planning Department of CPIC P/C, Head of Board Office of CPIC P/C, Head of the Board Office of Supervisors of CPIC P/C, General Manager of Tele-marketing Center of CPIC P/C, Head of Strategy Research Center and Deputy Director of Transformation of CPIC Group.

Mr.WU Junhao, boin June 1965, has a master's degree. He has served as Director of the Company since August 2012 (approval document: CIRC P/C [2012] No.796). Mr. WU currently serves as General Manager of Financial Management Department of Shenergy (Group) Co., Ltd., Non-executive Director of CPIC Group, and Director of CPIC Life. He is also Director of Shanghai ICY New Energy Venture Capital Co., Ltd., Supervisor of Orient Securities Co., Ltd., Chairman of Board of Supervisors of Shanghai ICY Capital Co. Ltd., Chairman of Board of Supervisors of Shanghai Shenergy Chengyi Equity Investment Co. Ltd., and Supervisor of Everbright Banking Co., Ltd. Mr. WU previously served as Supervisor of Shanghai Pharmaceuticals Holding Co., Ltd., a company listed on SSE and on SEHK, Director of Shanghai Jiulian Group Co., Ltd., and Director of Chengdu Xinshen Venture Capital Co., Ltd.

Mr. ZHANG Weidong, boin October 1970, holds a bachelor's degree. He has been serving as Director of the Company since March 2018 (approval document: CBIRC [2018] No.3). Mr. ZHANG currently serves as Compliance Responsible Person and General Counsel of CPIC Group and Director of CPIC Life, CPIC AMC, Changjiang Pension and CPIC Health, respectively. Mr. ZHANG previously served as Board Secretary of the Company, Chief Risk Officer and General Manager of Legal and Compliance Department and Risk Management Department of CPIC Group respectively, Head of Board Office and Office of the Board of Supervisors of CPIC Group respectively, and Board Secretary of CPIC Life and CPIC AMC respectively.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

China Pacific Insurance (Group) Co. Ltd. published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 11:55:06 UTC.

Older

Getting ready to wrap up the first Legislative session

Newer

Auto Insurance Shopping and Switch Rates Reach New Highs as Premiums Surge, J.D. Power Finds

Advisor News

  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
  • Transamerica and Advo(k)ate Advisors launch pooled employer plan
  • ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
  • Why women must be more engaged in investing
More Advisor News

Annuity News

  • Jackson Financial CEO caps 40-year career with blockbuster Q2
  • Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
  • NAIC regulators begin consensus phase on annuity illustration overhaul
  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Market-value adjusted annuities: Key considerations for advisors
More Annuity News

Health/Employee Benefits News

  • Study Findings on Managed Care Are Outlined in Reports from Lewis Katz School of Medicine (Geographic and Program Size Disparities in Medicare Funding for Graduate Medical Education): Managed Care
  • Data from Southern Connecticut State University Provide New Insights into Managed Care (WIC Participation During Pregnancy and Low and Very Low Birth Weight by Race and Ethnicity): Managed Care
  • Home delivered, medically tailored groceries improve diabetes control: Kaiser Permanente
  • Oregon poised to adopt double-digit health insurance premium hikes in 2027
  • Lahn clarifies position on privatized Medicaid
More Health/Employee Benefits News

Life Insurance News

  • iA Financial Group Reports Second Quarter Results
  • Supporting small businesses starts with smarter benefits conversations
  • Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
  • Declined by a machine? The end of the unexplainable no
  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet