About Us   Jobs   Contact Us      


 
Google  

China Pacific Insurance Releases Prospectus for A-share IPO
    2007-12-07 11:41:32     Xinhua

China Pacific Insurance (Group) Co. Ltd, (CPIC), one of the country's top insurers, published a prospectus on Friday for its scheduled Dec. 14 initial public offering (IPO).

CPIC said it would issue up to 1 billion A shares on the Shanghai Stock Exchange. A road show runs from Dec. 7-11 in Beijing, Shanghai, Shenzhen and Guangzhou.

All proceeds from the IPO will be used to increase CPIC's capital to support growth, the prospectus said.

Founded in 1991, CPIC ranks third in China's life insurance market, with a share of 9.5 percent, and second in the property insurance market, with a share of 11.6 percent.

In 2005 and 2006, its life insurance premium income rose 4.6 percent and 4.5 percent year-on-year, respectively. Property insurance premium income rose 15.8 percent and 23.8 percent for those years.

CPIC will become the third Chinese insurer to be listed on the A-share market, after China Life and China Ping An.

Share

                  
Recommend


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Also on our site
China | World
• Russian Natural Gas Supplies to Balkans Halted
• Three Israeli Soldiers Killed in Friendly Fire in Gaza
• Polanski's Lawyers Seek to Have Sex Case Dismissed
• Foreign Journalists still Not Allowed into Gaza
• US VP-elect Joe Biden to Visit Pakistan
• China Curbs Overseas Trips on Public Expense
Business | Sports | SciTech
• China Issues Long-awaited 3G Licenses
• Wahaha, Danone Start Trademark Arbitration
• GM Reports 31 Percent Sales Decline in U.S. Market
• Call for More Overseas Talents
• Bulgarian Figure Skating Champion Sentenced to 2.5 Years in Prison
• China's Mission to Mars Set for Take-off
Life | Showbiz
• A Seemingly Endless Scandal
• Asian Art Top Show Kicks off in Beijing
• Behind-the-Scene Photos of "Look for a Star"
• Universal Pictures Movies Set New B.O. Record in 2008
• Tan Dun's Deep Pool of talent
• Top 10 Shows in 2008 
Webcast  
• China Drive, Afternoon, 2009-01-07
• China Drive, Afternoon, 2009-01-06
• China Drive, Morning, 2009-01-06
• Official Property Declaration System
• India handed over evidence of Mumbai attacks to Pakistan
• EU delegation holds talks to push for a cease-fire in Gaza
• Mubarak Meets with EU Troika on Gaza Situation
• Bush says any Gaza ceasefire must stop Hamas rocket fire
 
View the Messages