The new team of Shin Kong Life Insurance is on the scene. The new chairman of Shin Kong Life Insurance, Wei Baosheng, attended the event today and personally promoted the new policy products. Facing the problem of Xin Guang Life’s capital increase, Wei Baosheng said that he will personally call on the major shareholders, and will launch the self-management plan before July 10. , capital increase, bond issuance, and immediate activation of real estate. It is expected that the board of directors will approve a response plan at the end of July, and the funds will be in place before the end of the year, and efforts will be made to make Xinshou turn profitable.
The after-tax loss of Xinshou in May exceeded 13 billion yuan. At the end of June, the capital adequacy ratio (RBC) may drop below the statutory requirement of 200%. Shou capital increase as the top priority. Xinshou Chairman Wei Baosheng also went to the Insurance Bureau to report on the capital increase plan on his first day in office.
Xinshou’s capital increase is imminent. Wei Baosheng pointed out that on the first day he took office, he went to the insurance bureau to report on Xinshou’s adjustment and transformation plan, including the capital increase, sales, commodity and investment aspects, and the integration with IFRS17. For the most important thing in the short term, relevant plans in the capital market will be tried, and the board of directors is expected to pass a response plan by the end of July.
Whether the amount of capital increase will be as rumored as 20 billion yuan, Wei Baosheng said, is currently unable to say, and has to wait for the approval of the board of directors.
Looking forward to the overall economic situation and how to look at the life insurance market outlook in the second half of the year, Wei Baosheng pointed out that the team investment department is optimistic about the stock market in the second half of this year. Be quick and don’t be overly optimistic.
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2023-07-20 04:30:43
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