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.
 | |
| 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 | ||||||
| |||||||
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
editThe 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.
