As the only life insurance legal entity headquartered in Chongqing, the capital increase and restructuring of Three Gorges Life Insurance has attracted much attention. The reporter was informed that on the afternoon of December 12, the signing ceremony of the capital increase of Three Gorges Life Insurance Co., Ltd. was held in the Municipal State-owned Assets Supervision and Administration Commission. According to the agreement, Chongqing Yufu Capital Operation Group and Chongqing Hi-Tech Group will increase the capital of Three Gorges Life respectively. This marks the phased results of the capital increase and restructuring of Three Gorges Life.
The signing ceremony of the capital increase of Three Gorges Life Insurance Co., Ltd. was held in the Municipal State-owned Assets Supervision and Administration Commission. Photo courtesy of Three Gorges Life Insurance.
Zeng Jinghua, Secretary of the Party Committee and Director of the Municipal State-owned Assets Supervision and Administration Commission, said at the signing ceremony that Three Gorges Life Insurance is a municipal state-owned financial enterprise and an important part of Chongqing's state-owned assets, and it is necessary to continue to optimize its capital structure, enhance its capital strength, promote the high-quality development of Three Gorges Life, and better serve the construction of a modern new Chongqing. Promoting the capital increase and reorganization of Three Gorges Life Insurance is an important measure to implement the spirit of the first financial work conference, and it is a new action of municipal state-owned enterprises to serve Chongqing's construction of a western financial center.
Zeng Jinghua introduced that promoting the capital increase and reorganization of Three Gorges Life Insurance is an important measure to implement the spirit of the first financial work conference, and it is a new action for municipal state-owned enterprises to serve Chongqing to build a western financial center. It is necessary to continue to promote the implementation of capital increase and reorganization, optimize the management system and corporate governance structure, realize the normal operation of Three Gorges Life's business as soon as possible, expand the scale of business, and cultivate local state-controlled legal person life insurance institutions and high-quality state-owned life insurance brands. Highlight the characteristics of life insurance to form core competitive advantages, intensively cultivate the main business, innovate and expand characteristic life insurance, better meet the diverse needs of the people, build a parallel system of ordinary life insurance and characteristic business, and create core competitive advantages. At the same time, the strategic investors of municipal state-owned enterprises should be good long-term capital, patient capital and strategic capital, support and promote Three Gorges Life Insurance to become stronger, better and bigger in the insurance field, and provide professional and high-quality services market-oriented, so that the people can have more sense of security and gain. In addition, it is necessary to firmly establish the bottom-line thinking, always take risk prevention and control as the top priority, take party building as the guide, establish and improve the whole chain risk prevention and control system, standardize corporate governance, effectively improve the ability to prevent and resolve risks and hidden dangers, and resolutely adhere to the bottom line of no major risks and systemic risks.
It is reported that after the completion of the capital increase, the capital strength of Three Gorges Life will be further enhanced, and the equity structure will be further optimized, providing important support for the high-quality development of the enterprise in the next step.