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China Re seeks dual listing this year

By Song Hongmei (chinadaily.com.cn)
Updated: 2007-07-19 14:40

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China Reinsurance (Group) Company is striving to attract international strategic investors by eventually launching listings on both the Hong Kong and Shanghai bourses by the end of the year, said the company's general manger Liu Jingsheng.

China Re, which is fully owned by the Ministry of Finance, has about 90 percent of the domestic market.

The reinsurer received a US$4 billion capital injection from Central Huijin Investment in April to meet growing demand for insurance and fund the expected listings.

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The full text is available in the July Issue ofChina Insurance.