As learned Zhongzai Asset Management Corporation, launched by China Reinsurance (Group) Corporation and with the share of the Swiss Reinsurance Asset Management (Asia) Ltd., will be officially set up at the end of this month. This is the first insurance asset management company with share of foreign investment in China. Meanwhile it is also the fourth insurance asset management company following the establishment of China PICC Asset Management, China Life Insurance Asset Management, Huatai Asset Management.

It is learned that Zhongzai has a registered capital of 200 million yuan, of which China Reinsurance (Group) holds 50.1 percent, the Swiss Reinsurance Asset Management (Asia) 10 percent, and the Shanghai private business Fuxi Investment Holding Ltd. 9.9 percent. The rest of the shares are held by member companies of China Reinsurance (Group).

By People's Daily Online