On November 3th, 215, 6 billion shares of China United Insurance Holdings Co., Ltd. held by China Insurance Protection Fund Co., Ltd. were listed on Beijing Financial Assets Exchange (hereinafter referred to as "Beijin Institute"), with a total listing price of 1.32 billion yuan. The above-mentioned shares are listed in five targets: 13 billion shares with a listing price of 5.16 billion yuan; 1 billion shares of the second and third targets, with a listing price of 1.72 billion yuan each; There are 5 million shares in the fourth and fifth targets, and the listing price is 86 million yuan each.

China United Insurance Holdings Co., Ltd. was founded in July, 1986. It was established by Xinjiang Production and Construction Corps with special funds from the Ministry of Finance and the Ministry of Agriculture. It is the second state-owned insurance company with independent legal personality in China and the only insurance company named "China" in China. The company has China United Property Insurance Co., Ltd. (hereinafter referred to as "China Property Insurance"), life insurance companies and asset management companies (application is under preparation). China Property & Casualty has a registered capital of 14.64 billion yuan, ranking among the top in the industry, and its solvency adequacy ratio is over 15%, reaching the standard of Class II companies with sufficient solvency. In 213, China Property Insurance realized the original insurance premium income of 29.712 billion yuan, ranking fifth in the domestic property insurance industry. China Property & Casualty Company has set up a head office, 25 branches (including Xiamen), 28 branches, 1,186 branches and 76 marketing service departments throughout the country, and one branch office has been approved, with a total of 2,126 institutions and more than 35, employees.

According to the announcement of Beijin Institute, the intended transferee will be publicly solicited for this project from November 3th to December 25th. After the expiration of the listing period, if one intended transferee is collected, the transaction will be made by agreement, and if two or more intended transferees are collected, the transaction will be made by bidding.

Further reading: How to buy insurance, which is better, and teach you how to avoid these "pits" of insurance.