China Pacific Insurance
From Wikipedia, the free encyclopedia
| China Pacific Insurance 中国太保 |
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| Type | Privately held company |
| Founded | 1991 |
| Headquarters |  Shanghai, China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Gao Guofu |
| Industry | Diversified insurance |
| Website | China Pacific Insurance Company |
China Pacific Insurance Group (SSE: 601601), or CPIC Group, was established on the basis of the former China Pacific Insurance Company, which was founded in 1991. It sets its headquarter in Shanghai, People's Republic of China.[1]
CPIC Group is the second largest property insurance company (after People's Insurance Company of China) and the third largest life insurance company (after China Life Insurance and Ping An Insurance) in Mainland China.[2]It provides integrated insurance services, including life insurance, property insurance and reinsurance, through its subsidiaries.[3]
Its A shares were listed on the Shanghai Stock Exchange on December 25, 2007 with IPO price $30 yuan per share. At the first trading day, its share price closed at $48.17 yuan, 61% more than its IPO price.[4]It is planning to issue H shares in the Hong Kong Stock Exchange in near future.[5]
CPIC dropped below the IPO price of RMB$30 on 26 March 2008 and closed at RMB$27.98.[6]
[edit] Link
[edit] References
- ^ Profile of China Pacific Insurance (Group) Co.,Ltd
- ^ China Pacific Insurance Releases Prospectus for A-share IPO
- ^ Summary of China Pacific Insurance Group
- ^ China Pacific Insurance jumps 61 percent in Shanghai debut
- ^ China Pacific sounds out market for H-share IPO
- ^ China Pacific Insurance falls below IPO price
