Core Viewpoint - The auction of the 20% stake in Qianhai Insurance, held by Jushenghua, has been suspended due to an objection raised by a third party against the court's execution actions [1][2]. Group 1: Auction Details - The auction was originally scheduled for July 21, with a starting price of ¥30.8 million and an assessed value of ¥44 million, representing a 30% discount [2]. - The auction is linked to a debt recovery claim of ¥2.025 billion by Zhongrong Life against the "Baoneng system," of which Jushenghua is a member [2]. Group 2: Company Background - Qianhai Insurance is a national property insurance company established in May 2016, with a registered capital of ¥1 billion, located in Urumqi, Xinjiang, and operating in Shenzhen [3]. - The company has experienced frequent personnel changes over the past decade, having had four chairpersons and numerous changes in core executives [3]. Group 3: Executive Changes - In January, the Shenzhen Financial Regulatory Bureau approved the appointment of Huo Jianmei as chairperson, who has extensive experience in the insurance sector [3]. - Following the departure of General Manager Li Gongni in June for personal reasons, the only remaining executive vice president, Li Weiwei, also left the company shortly thereafter [4]. - Currently, the executive team consists of only three members, indicating a significant reduction from previous years when the team had up to ten members [4]. Group 4: Financial Performance - Qianhai Insurance's insurance business revenue declined by 12.23% year-on-year in Q1 2025, with a comprehensive cost ratio of 201.56% [4]. - The core and comprehensive solvency adequacy ratios have dropped to 104.67%, with the comprehensive solvency nearing regulatory limits [4]. - The company's risk comprehensive rating remains at C, having failed to meet solvency standards for 12 consecutive quarters [4][6]. Group 5: Challenges Ahead - Huo Jianmei and Qianhai Insurance face multiple challenges, including executive turnover, frozen equity, insufficient solvency, losses, high comprehensive cost ratios, and legal disputes [6].
前海财险股权拍卖临阵中止,核心高管已缩减至“1+3”
Nan Fang Du Shi Bao·2025-07-22 08:20