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Taikang Life, China Reinsurance looking at China listing in Q4

 

Monday, Sep 13,2010, 9:13:49 PM   Click:

Two of China's insurers may go public on the nation's A-stock market in the fourth quarter, the Securities Times reported Monday, citing unnamed official close to the matter. TAIKANG LIFE and CHINA REINSURANCE CORP have applied for an IPO in Shanghai and are awaiting approval, the report said.

China's securities regulators will vote on the insurers' IPO applications with a focus on their investment management, repayment ability, product design and employees' stock holdings, according to the newspaper.

* Currently, China has four listed insurers -- CHINA LIFE (SSE:601628, SEHK:2628), PING AN INSURANCE (SSE:601318, SEHK:2318), CHINA PACIFIC INSURANCE (SSE:601601, SEHK:2601) and Hong Kong-listed PICC PROPERTY AND CASUALTY CO (SEHK:2328), Reuters said.

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