Sino-Italian Financial Insurance was approved to become a wholly foreign-owned insurer: Italy's Generali Insurance holds wholly-owned shares, and CNPC withdraws

Breakings ·  May 15 19:13
China's first joint venture property insurance company was officially transformed into a wholly foreign-owned financial insurance company. Sino-Italian Property Insurance Co., Ltd. issued an announcement stating that according to the “China Financial Supervisory Authority's Approval of the Beijing Supervisory Authority on the Change of Shareholders of Sino-Italian Property Insurance Co., Ltd.” (Beijing Jinfu (2024) No. 289), it was agreed that CNPC Capital Co., Ltd. would transfer 51% of the company's shares to Generali Insurance Co., Ltd. After the transfer, Generali Insurance Co., Ltd.'s shareholding ratio was 100%, and CNPC Capital no longer holds shares in Sino-Italian Financial Insurance. (Exciting)

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