SOOCHOW LIFE INSURANCE CO., LTD.

Soochow Life Insurance Co., Ltd

Soochow Life Insurance Co., Ltd. was approved by CIRC on April 19, 2011, with a registered capital of RMB 4 billion. It is registered in Suzhou City, Jiangsu Province. It is composed of Suzhou International Development Group Co., Ltd., Suzhou Industrial Park Economic Development Co., Ltd., Suzhou high tech Zone Economic Development Group Corporation, Suzhou Chuangyuan Investment Development (Group) Co., Ltd. and Suzhou urban construction investment and Development Co., Ltd A total of 21 units, including state-owned enterprises such as Exhibition Co., Ltd. and private enterprises such as Jiangsu Shagang Group Co., Ltd., Jiangsu Xinsu Chemical Fiber Co., Ltd. and Hengli Group Co., Ltd., jointly initiated the establishment, with China owned shares accounting for 70%. The main business is life insurance, health insurance, accident insurance and other personal insurance business, as well as reinsurance business of the above business, insurance fund utilization business permitted by national laws and regulations, and other business approved by CIRC.

brief introduction

Soochow Life Insurance Co., Ltd. was approved by CIRC on April 19, 2011. It has a registered capital of RMB 4 billion and is registered in Suzhou City, Jiangsu Province. It is composed of Suzhou International Development Group Co., Ltd., Suzhou Industrial Park Economic Development Co., Ltd., Suzhou high tech Zone Economic Development Group Corporation, Suzhou Chuangyuan Investment Development (Group) Co., Ltd. and Suzhou urban construction investment and Development Co., Ltd A total of 21 units, including state-owned enterprises such as Exhibition Co., Ltd. and private enterprises such as Jiangsu Shagang Group Co., Ltd., Jiangsu Xinsu Chemical Fiber Co., Ltd. and Hengli Group Co., Ltd., jointly initiated the establishment, with China owned shares accounting for 70%. The main business is life insurance, health insurance, accident insurance and other personal insurance business, as well as reinsurance business of the above business, insurance fund utilization business permitted by national laws and regulations, and other business approved by CIRC. it is reported that the company is the first national life insurance company with its head office set up in a prefecture level city in China, and it is also an attempt of Jiangsu Shagang and other local representative private enterprises to set foot in the field of insurance and financial services. After the establishment of Soochow life insurance, it will base itself on Suzhou and face the Yangtze River Delta, step by step promote to the whole country and do large-scale development, and become an important force in the local financial industry. At present, we have formulated a five-year development plan to strive for the premium income of 2 billion yuan in the third year and 4 billion yuan in the fifth year. Within two years, branches will be set up in all cities and districts of Suzhou and in areas with good prospects of life insurance market in Jiangsu Province.

Memorabilia

Preparatory period

1. On July 21, 2010, Suzhou municipal government issued the notice on the establishment of the leading group for the preparatory work of Soochow Life Insurance Co., Ltd. (Sufu [2010] No. 105). The leading group is headed by Cao Fulong, executive vice mayor, Zhou qindi, Deputy Secretary General of the municipal government and director of the finance office, and Shan Laijin, director of the Suzhou Insurance Regulatory Bureau. The office of the leading group is set up in the municipal finance office to organize the preparatory work of "Soochow life insurance". 2. On April 19, 2011, the CIRC issued the "reply on the preparation for the establishment of Soochow Life Insurance Co., Ltd." and approved the formal preparation for the establishment of Soochow Life Insurance Co., Ltd. 3. On April 9, 2012, the opening site acceptance team of Soochow Life Insurance Co., Ltd., composed of 10 people from CIRC and provincial and municipal regulatory authorities, came to Soochow Life Insurance Co., Ltd. for on-site opening acceptance, and passed the opening acceptance at one time by means of report and reply, simulation demonstration and on-site inspection. 4. On May 4, 2012, the CIRC issued the "reply on the opening of Soochow Life Insurance Co., Ltd." and approved the formal opening of Soochow Life Insurance Co., Ltd. 5. On May 23, 2012, he obtained the business license issued by Suzhou administration for Industry and commerce. 6. On June 11, 2012, a grand opening ceremony was held in Suzhou Convention Center. Zhou qindi, Deputy Secretary General of Suzhou municipal government and director of finance office, presided over the ceremony. Jiang Hongkun, member of Jiangsu Provincial Standing Committee and Secretary of Jiangsu municipal Party committee, unveiled Soochow life insurance. Zhou Naixiang, deputy secretary of Jiangsu municipal Party committee and acting mayor, and Cao Fulong, member of Jiangsu Municipal Standing Committee and executive vice mayor, made important speeches at the ceremony. Xie Xian, director of Jiangsu Insurance Regulatory Bureau, and Zhu Xueming, deputy director of Jiangsu Suzhou Industrial and commercial bureau, respectively presented awards to Soochow life insurance The license of legal person and business license of insurance company have been issued.

After opening in 2012

1. On September 27, 2012, Soochow life insurance Suzhou branch held a grand opening ceremony at Zhongyin Crown Hotel on the Bank of Jinji Lake. Zhou Naixiang, deputy secretary of Suzhou municipal Party committee and mayor, attended the opening ceremony and made an important speech. Together with Zhou qindi, Deputy Secretary General of Suzhou municipal government and director of finance office, Shan Laijin, director of Suzhou Branch of CIRC, Tao Jun, deputy director of Suzhou Industrial Park Administration for Industry and commerce, and Zhang Aihua, Secretary General of Suzhou Insurance Industry Association, Zhou Naixiang unveiled Soochow life insurance Suzhou Branch. 2. On October 18, 2012, CIRC officially approved the qualifications of chairman Huang Jianlin, director and general manager Xu Jianping (CIRC life insurance [2012] No. 1232). 3. On December 19, 2012, the opening ceremony of Jiangsu branch and Nanjing Branch of Soochow life insurance was solemnly held in Nanjing Jinling Conference Center. Zhou Weiqiang, member of the Standing Committee and vice mayor of Suzhou municipal Party committee, Li Qi, vice mayor of Nanjing, Xie Xian, director of Jiangsu Insurance Regulatory Bureau, Huang Jianlin, chairman of Soochow life insurance, and Xu Jianping, President of Soochow life insurance, jointly unveiled Soochow life insurance Jiangsu branch. 4. On December 10, 2012, the company held the fifth (Interim) meeting of the first board of directors by means of communication, and passed the motion of "adjusting the members of the professional committee of the board of directors"; on December 26, the company held the sixth meeting and the meetings of various professional committees by means of on-the-spot, and the meeting deliberated and approved "appointment of senior management", "appointment of annual financial report audit institution", "appointment of annual financial report audit institution" and "appointment of annual financial report audit institution" A series of important bills, such as "strategic asset allocation and 2013 annual asset allocation plan", passed eight basic system documents related to salary, investment and Actuarial. Since its establishment, the company has continuously strengthened the construction of corporate governance in accordance with the modern insurance enterprise system and regulatory provisions. The "three associations and one layer" have their own responsibilities, standardized operation and mutual checks and balances, forming an increasingly perfect governance structure, which provides a solid guarantee for the stable, sustainable and healthy development of the company.

Chinese PinYin : Dong Wu Ren Shou Bao Xian Gu Fen You Xian Gong Si