Markets

China Reinsurance, Taikang may list in Q4

(Agencies)
Updated: 2010-09-13 11:28

Summer Davos 2010 in Tianjin Related readings:  Insurers eyeing shipping insurance in Shanghai  Insurance regulatory body set up in Tibet  Watchdog urges settling of farm insurance claims Ping An Insurance H1 net profit rises 27.9%

Two of China's insurers may go public on the nation's A-stock market in the fourth quarter, the Securities Times reported Monday, citing unnamed source close to the matter.

Taikang Life and China Reinsurance Corp have applied for an IPO in Shanghai and are awaiting approval, the report said. China's securities regulators will vote on the insurers' IPO applications with a focus on their investment management, repayment ability, product design and employees' stock holdings, according to the newspaper.

Currently, China has four listed insurers -- China Life, Ping An Insurance, China Pacific Insurance and Hong Kong-listed PICC Property and Casualty Co, Reuters said. No insurers have been listed on the A-stock market since China Pacific Insurance went public in 2007.