Time: 20151214 noon Text: Benci Text: Excerpt 1: The first negative growth of the life insurance industry In the early spring of 2004, the life insurance industry ushered in its first unexpected negative growth.

Negative growth started in Shanghai, with a decrease of 11.37%; this negative growth made the entire industry confused about what was going on, but the China Insurance Regulatory Commission at the time understood it as "the pain of the transformation of the insurance industry"; in 2004, AIG

Greenberg was forced to step down due to an accounting scandal in early summer, and the financial crisis four years later was even more exciting; in fact, the seeds were already planted in 2004.

On October 24, 2004, the China Insurance Regulatory Commission opened the door to invest insurance funds into the stock market. It was estimated at that time that there were nearly 55 billion "long-term" funds ready to go. The stock market was very volatile at that time. Later, some fund personnel predicted that the fund would compete with the insurance market.

There was a big war, and as expected, insurance was sold on the market under the guise of funds. However, the capital market was not in good shape, and fate played a trick on people, which sounded the alarm for the insurance industry.

The securities industry was at its darkest in 2004, and the insurance industry also lost trust in the securities industry.

Excerpt 2: Fortune Vest Liu Fang's Chinese-style shareholding incident. Liu Fang is just a "little person", but the actual holder behind is indeed very powerful. It was once speculated who she was holding on behalf of, and she mainly held the shares on behalf of others.

After acquiring Ping An's shares, a mysterious person later paid the price - Zheng Jianyuan, but later the market speculated that Zheng Yutong was the real shareholder owner.

Ping An shares are constantly changing owners at this stage, which is very confusing.

Excerpt 3: The myth of Xinhua Life’s money-making was shattered. In 2004, Xinhua Life suffered a series of misfortunes. This year, it was preparing to go public with a large amount of shares. However, it fell hard on the doorstep of the listing due to suspicions of “accounting fraud.” In September of the same year, the insurance company was

The supervisory bureau suspended its opening of new branches. At this time, Xinhua was already seriously insolvent. Before the exposure of the insolvency, Xinhua Life claimed to have been continuously profitable for eight years since its opening. However, after the exposure, it began to "multiple

"Nomi Dominoes", bad things happened one after another; later, Xinhua also paid a heavy price for its unprofessional reporting. Like other companies, Xinhua Life at this stage also endured what it felt was "interest loss", the actuary said.

Analysis shows that it is mostly due to the high interest rate products of bancassurance. It seems that all interest spread losses are caused by the high interest rate products of bancassurance. In one year, Xinhua Life Insurance visited 25 branches and 105 branch companies.

Records, the rapid opening speed also put a certain amount of financial pressure on the head office. However, after the development of Xinhua, the territory was opened up and the trial production was almost completed, the development of big finance began, and the direction of the Internet Group was also

Obtained approval from the China Insurance Regulatory Commission.

Fragment 4: New License Poison In 2004, three years after the WTO, the insurance market was really opened up. However, except for a few large companies, most companies in the market lacked confidence. In fact, in 2003, non-Chinese companies had exceeded

Chinese-funded companies. From 1996 to 2004, it was very rare for Chinese-funded companies to auction debts. Even if there were Chinese-funded companies, they were just on the sidelines. For example, "Taiping Life Insurance" returned in the name of resumption of business; many years later, it actively applied for licenses.

The big bosses have at least three small calculations: In March 2004, the China Insurance Regulatory Commission held a meeting to sound the alarm to the big bosses, but the big bosses seemed to ignore it, saying that "there are policies from above and countermeasures from below"; after 2004

A number of licenses were approved again, but the overall operation was very unsatisfactory. Those who applied for the licenses and those who actually operated after preparation were completely different groups. Over the years without approval, shareholders in the overall insurance market were constantly changing.

Over time, Guosen Life was once ordered to cease operations by the China Insurance Regulatory Commission, becoming the shortest-lived insurance company in the history of the insurance industry.

Most insurance companies are barely functioning as they should at this point.

poison!

Fragment 5: Dai Hao: Dai Hao, the predator of real estate developers, his dream: to be an industrialist before the age of 40, a financier after the age of 40, and a philanthropist after that; but in 2002, there was a heavy snowfall

, leaving him unable to stand up.

In 2005, Wuhan Shangri-La Hotel and Hezhong Life Insurance opened, and the head was Dai Hao. He insisted on occupying it and faced all the guests and employees.

In 1999, Dai Hao became the chairman and president of Real Estate. With this move, he gathered a large amount of capital and began his insurance career.