201711,China Insurance Regulatory Commission issued a document, agreeing to establish Haibao Life Insurance Co., Ltd., with the registered capital of RMB 654.38+0.5 billion and the registered place of Haikou City. Pan, the proposed chairman, is the proposed general manager.

On May 28th, 20 18, the listed company Haisike (002653. SZ) and Yi Lianzhong (300096. SZ) successively announced that Haibao Life Insurance, which it participated in, was officially approved for opening. It is understood that Haibao Life Insurance has initiated 8 shareholders, with HaiCisco and Yilianzhong contributing 300 million yuan respectively, with a shareholding ratio of 20%.

However, it is worth noting that Blue Whale Finance found that Yi Lianzhong, the strategic shareholder of Haibao Life Insurance, had a negative deduction of non-net profit attributable to shareholders of listed companies for two consecutive years, or failed to meet the relevant requirements of the regulatory authorities for shareholders of insurance companies. According to this expert, the initial operation of life insurance companies will first consume capital, and in the short term, shareholders' profits will have limited impact on the marine life insurance exhibition industry.

From the past practice, life insurance companies need to invest a lot of money in the early stage of the exhibition industry, and it is difficult to make a profit in the short term. Under this premise, the financial strength of shareholders is worthy of attention. Yi Lianzhong and Haisike both stated in the announcement that when the solvency of marine life insurance is insufficient, as promoters, they are obliged to increase working capital, otherwise there is a risk of large cash flow expenditure.

So what is the strength of the newly established shareholders of Haibao Life Insurance? According to the information of Blue Whale Finance, among the eight shareholders of Haibao Life Insurance, the annual report data of shareholders of two listed companies, HaiCisco and Yilianzhong, are public.

It is worth noting that the reply announcement of Haibao Life Insurance shows that Haibao Life Insurance will conduct business in Hainan Province within two years after its opening, and gradually set up branches outside Hainan Province after two years.

Among the shareholders of Haibao Life Insurance, only Haima Investment Group and Xinjian Bridge are registered in Hainan Province, and Haibao Life Insurance chose to participate in the exhibition in Hainan. In this regard, the relevant person in charge of Yilianzhong told Blue Whale Finance that it was mainly based on the current preferential policies of Hainan Province in the insurance industry.