Saturday 2 May 2009

Ping An, the two life protection held by the Fund to decrease the percentage of monster

By Zou himfr

From the two insurance giants - China's Ping An and China Life have been disclosed in the Annual Report of view, compared to 2007, China's Ping An and China Life will of investment funds in 2008 were substantially reduced.

Ping An of China's annual report disclosed today show that in 2007 the total assets of Ping An of China to invest 441.3 billion yuan, of which the securities investment fund is 15.627 billion yuan, up 3.5 percent share. In 2008, although the growth in total investment assets reached 464.665 billion yuan, but has declined securities investment funds, to 13.443 billion yuan, accounting for 2.9%. Fund's assets in 2008 than the 13.98 percent lower in 2007.

Ping An of China said that the company's mesh financial endeavour wages in 2007 from the 15.2 out of 100 advance of 16.268 billion yuan to 18.735 billion yuan in 2008, chiefly due to financial endeavour in fastened interest wages advanced due date. The rate of mesh financial endeavour wages in 2007 from 4.5% to 4.1% in 2008 chiefly due to securities financial endeavour finance is the stock yield income.

China Life Insurance from 2008 Annual Report of view, the company's investment-based Ping An of China a similar situation. In 2007, China Life Insurance 850.207 billion yuan of total investment assets, including securities investment fund is 69.769 billion yuan, up 8.21 percent ratio. In 2008, total assets of China Life to invest the same appeared to grow, reaching 937.098 billion yuan, but a significant drop in securities investment funds, to 33.953 billion yuan, accounting for 3.62%. China Life said that the Fund's assets than the 51.34 percent lower in 2007 due mainly to lower the depth of capital markets, as well as the rights and interests of companies to reduce investment in due course.

In fact, from the closed-end funds announced by the structure of the top ten holders can see some clues. The end of the year 2008 in the closed-end funds in the top ten holders, insurance companies, the highest proportion of reduction of the base closures, accounting for the proportion of the overall size of closed-end funds fell by 6.91 percent.

According to Shenyin research suggest that the lessening in the complete closed-end finance of indemnity finance, the indemnity financial gatherings view at the closed-end finance can be encountered modifications in the financial endeavour, chiefly large indemnity financial gatherings to lessen the foundation closure.

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