China People's Insurance denied from the "Department of Wen-hua" To sell non-core assets

China has just entered the Trustee of the Chinese People's Insurance Corporation (hereinafter referred to as "Chinese People's Insurance"), has recently spread from the "Department of Wen-hua" from the news. China People's Insurance related to a person in charge denied that the next step would be, "Wen-hua Department of" integration and disposal of assets. It is reported that a few days ago, the Chinese People's Insurance has been completed and China's Wen holding assets, plans to dispose of the assets for cash to get out. For this, these people are denied security, said China from the China People's Insurance can not be heard. However, it pointed out that the Chinese people for their security will be China's Wen to carry out the necessary integration of assets. "China holding its own smell, the more the level of investment overstretched, too scattered in the field of investment, after all, our limited manpower and energy." Last year, the China People's Insurance, through its subsidiary, China People's Insurance Investment Holdings Limited (hereinafter referred to as "human capital investment"), to participate in restructuring of China and China Wen Investment Holdings Limited ( "Wen Hua Holdings"), and in June this year 862,000,000 yuan to its 55% stake in its controlling shareholder. Wen entered China Holdings, means that the Chinese People's Insurance of China to have heard its trust 2 (China and Thailand and the country yuan Trust Trust), a brokerage (joint stock), a fund company (Dacheng Fund), 3 Home Futures (Futures Wen-hua, Maike Futures, futures Ricky), and so on more than one financial license. Wen-hua in addition to holding the securities, funds, trusts, futures and so on the layout of the financial sector, but also have a large number of real estate and media assets. Wen Hua Holdings, a subsidiary of New Huangpu (600,638, it shares) (600638.SH) is listed on the Shanghai real estate business early, holding a number of real estate companies. The Wen-hua, another subsidiary of the media (000,793, it shares) (000793.SZ) will be transformed into the media business, Deputy Securities Times, China Daily, reported that a new culture, and Chinese Chongqing Morning Times and other media advertising, distribution And the printing business. People's Insurance of these people said, "We will take into account the sale has nothing to do with the insurance industry's main assets, the main reservations we can bring value-added business modules." Wu Yan took over the Chinese People's Insurance, an integrated operation to speed up the pace. This month, the Chinese were allowed to enter the security in the Trustee indirectly in the hands of their countries of the securities, futures and sincere in Harvest, and other financial assets of the three. How will a variety of financial resources for effective integration strategy to play a synergistic effect, become the top priority of the Chinese People's Insurance, but also a test of the ability to integrate its resources and management capabilities. According to informed sources, Wu Yan-house in a recent speech, he stressed that restructuring, "Wen-hua" the China People's Insurance is an important task. In addition, according to the People's Insurance investment this year's work, but also do a good job in this year's second project in conjunction wide reorganization. Wen-hua as the controlling shareholder of the People's Insurance investment, although the People's Insurance Group has been given to the operation of the capital, direct investment and the existence of the three major asset management platform for the mission, but only to set up more than a year, from managing the complex relationship between Wen-hua, not without difficulty . According to one insider, the lack of adequate human capital investment in manpower to manage the assets of Wen-hua. It is understood that the company's headquarters staff in the provision of only 30 or so. The Chinese People's Insurance, in addition to the integration of existing resources, continue to explore new areas of work is heavy. According to the People's Insurance Working Group meeting to disclose the information, this year's People's Insurance Group will actively carry out the strategic capital to operate through the reorganization, acquisitions, etc. involved in banking, insurance funds and other non-financial sector, to achieve a consolidated operating breakthrough to the rapid growth of asset size And the development of new profit growth point. It is understood that the Chinese People's Insurance is working with the city, including commercial banks, rural commercial banks (credit cooperatives), securities companies and leasing companies, such as contact potential investors in order to explore possible investment opportunities and cooperation models.