The life insurance/life insurance industry strives for “healthy fitness” and has increased capital and issued bonds of more than 740 billion yuan in the past ten years

2023-07-18 10:30:32

In order to conform to the international accounting standard IFRS17, my country’s life insurance industry has been striving to “enhance the body” in the past ten years. Life insurance has the opportunity to issue 100 billion yuan in bonds, the largest scale in seven years, and may have the opportunity to match the 104 billion yuan level in 2017. If the capital increase and bond issuance are added, the life insurance industry will spend 880 billion yuan in the past ten years, which is equivalent considerable.

Life insurance fights for “healthy fitness”! In the past ten years, the capital increase and bond issuance exceeded 740 billion yuan.File photo/CNA

Wei Baosheng, the new chairman of Shin Kong Life Insurance, a subsidiary of Shin Kong Gold (2888), will hold his first press conference in the next (20) days. The outside world and the FSC are concerned regarding the capital increase plan in the second half of the year. Still paying attention to debt issuance.

In order to conform to international accounting standards, my country’s life insurance industry has increased capital by nearly 500 billion yuan in the past ten years. According to statistics from the Insurance Bureau, as of the end of June, the capital increase has reached 494.2 billion yuan, and bonds have also been issued as high as 252.5 billion yuan, raising a total of more than 740 billion yuan. as much.

The Insurance Bureau of the Financial Supervisory Commission released statistics today (18th). Since the 103rd year of the Republic of China, as of the end of June in the life insurance industry this year, a total of 2 life insurance companies have handled capital increase and bond issuance. 100 million yuan, a total of more than 30.8 billion yuan.

In order to meet the requirements of the new ICS 2.0 system, the Financial Supervisory Commission has also relaxed the policy that the insurance industry can issue corporate bonds with a maturity date of more than 10 years to raise funds. The pressure on major shareholders of life insurance to increase capital can be relieved. Currently, Taiwan Life Insurance has announced that it will issue 130 bonds. 100 million yuan and China Life Insurance will issue 10 billion yuan in capital bonds. In addition, Foreign Life Insurance and Fubon Life Insurance have also announced that they will issue bonds of 35 billion yuan and 25 billion yuan respectively. The scale of debt will look at hundreds of billions of yuan, and it is worth paying attention to which life insurance companies will follow up in the future.

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Ye Yiru, Special Correspondent of Yahoo Finance: 22 years of experience in financial mainstream media, from the bubble of Web1.0 in 2000 to Web3.0 of the Meta universe, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five international financial crises. Think that finance is life, omnipresent, no matter how difficult financial management knowledge should be explained in a simple way. No matter you are young or old, you should manage money. If you don’t manage money, money will ignore you.

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