For state-owned financial enterprises, fulfilling the duties and missions entrusted by the party and the state is the due meaning and responsibility of serving the national strategy, and focusing on the main business and strengthening the main business is the primary task of serving the national strategy. In recent years, Xinhua Asset Management has continuously strengthened its awareness of its main responsibilities and main business, strengthened its sense of fiduciary responsibility, and regarded supporting the real economy and realizing the preservation and appreciation of insurance funds as the primary task of serving the national strategy, and continuously increased its investment in green energy, low-carbon economy and energy security while pursuing financial returns.
In 2015, in order to actively respond to the country's call to increase the proportion of clean energy consumption and speed up the construction of natural gas pipelines, PetroChina (hereinafter referred to as PetroChina) plans to transport gas from the west to the east.
The first, second and third tier related companies, namely PetroChina Pipeline and PetroChina Eastern Pipeline Co., Ltd., PetroChina Northwest United Pipeline Co., Ltd., will build a unified pipeline operation platform, reorganize pipeline assets, and invite relevant insurance companies to actively participate in asset restructuring and equity distribution.
In the face of this project, Xinhua Assets has comprehensively analyzed the profitability and dividend income, the future development plan of the new company, and after valuation analysis and sensitivity analysis, it is believed that investment in oil and gas pipeline construction is of great strategic significance to ensure China's energy security and improve China's energy structure. The requirement for stable cash returns is in line with the requirements, and this investment is of strategic significance to the insurance capital. To this end, in December 2015, Xinhua Assets entrusted Xinhua Insurance funds to hold 8.5 billion yuan of "PetroChina West.
The equity investment plan of the first- and second-tier western pipeline project "became a shareholder of PetroChina Pipeline Co., Ltd., with a shareholding ratio of 34639%。After that, the state established the National Petroleum Pipeline Network Group *** hereinafter referred to as the National Pipeline Network Group), PetroChina will hold 722616% equity agreement was transferred to the State Pipe Network Group. So far, PetroChina Pipeline Co., Ltd. has changed its name to the State Pipeline Network Group United Pipeline Co., Ltd. (hereinafter referred to as the United Pipeline Company), and Xinhua Insurance holds the company's 34639% equity.
In 2022, the plan report of the National People's Congress and the National People's Congress proposed to build a "national network" for oil and gas and pointed out that the construction of a unified system.
1. An efficient oil and gas network can not only activate the oil and gas market, but also stabilize the national energy security. Xinhua Insurance once again took the "great man of the country" as the primary consideration, firmly shouldered the responsibilities and missions entrusted by the party and the state, actively responded to the decision-making and deployment on the reform of the operation mechanism of the oil and gas pipeline network, and applied to join the pipeline company 3The 4639% equity agreement was transferred to the State Pipe Network Group, the transactiononyearsIt was completed with the approval of the Ministry of Finance of the People's Republic of China in AprilSo far, Xinhua Insurance has successfully realized the equity transfer of the National Pipeline Network United Pipeline Company and successfully completed the national pipeline network project, which reflects the mission of Xinhua Insurance and Xinhua Assets as a state-owned financial enterprise to serve the national strategy.
Practice has proved that the shareholding of the United Pipeline Company has not only contributed to serving the national economy and people's livelihood, ensuring China's energy security and green and low-carbon development, but also brought huge profit returns to Xinhua, realized the value-added of insurance funds, and became a typical project of serving the national strategy with win-win social and economic benefits.
In terms of social benefits,United Pipeline Company is a core subsidiary of the State Pipeline Network Group, accounting for about 40% of the total assets of the State Pipeline Network Group and about 80% of the net profit. In recent years, the State Pipeline Network Group has given full play to the advantages of centralized regulation and control of "one national network", and the daily gas transmission volume of 50,000 kilometers of natural gas pipelines has exceeded 8400 million cubic meters, a record high in China's main natural gas pipeline network, since the heating season, the cumulative gas transmission volume has exceeded 50 billion cubic meters. In the face of the complex supply guarantee situation, after many rounds of cold waves, the United Pipeline Company focused on the goal of "ensuring people's livelihood and stabilizing economic growth", resolutely shouldered the main responsibility of ensuring the dispatch and coordination of natural gas supply in winter, and refreshed a number of gas supply records, which effectively guaranteed the stable and orderly natural gas and ensured the people's warm and safe winter. In terms of economic benefits,Since the initial investment, the cumulative return on the investment from holding to exit has reached 17044%, and a total of 598.7 billion yuan, achieving a full-cycle rate of return of 686%, on the road of Xinhua Insurance System serving the national strategy and achieving its own high-quality development, it once again handed over a brilliant report card.
Winter operation scene of employees in Urumqi operation area.