史带财险获批成为外资独资险企

Core Viewpoint - The approval of the acquisition of a 0.78% stake in Shidai Property Insurance Co., Ltd. by Shidai Compensation and Liability Insurance Company marks the entry of another wholly foreign-owned property insurance company in China [1] Group 1: Shareholding Changes - On August 7, the Shanghai Financial Regulatory Bureau approved Shidai Compensation and Liability Insurance Company to acquire 11.2 million shares from Shanghai Jinjiang International Investment Co., Ltd., resulting in Shidai Compensation holding 80% and Shidai Insurance and Reinsurance Company holding 20% of Shidai Property Insurance [1] - Shidai Property Insurance, formerly known as Dazhong Insurance, was established in 1995 and became the sixth joint-stock commercial insurance company in China [1][2] - In 2014, Shidai International increased its stake in Shidai Property Insurance to 59.19%, gaining absolute control and subsequently changing the company's name [2] Group 2: Business Operations and Strategy - Shidai Property Insurance has been reducing its operational footprint, closing multiple branches in recent years, with only six provincial branches remaining as of now [2] - The company has ceased commercial auto insurance operations outside of Shanghai since December 2014 and fully exited the auto insurance market in China by the end of 2015 [2] Group 3: Financial Performance - The insurance business revenue of Shidai Property Insurance was 1.299 billion yuan in 2020, declining to 0.898 billion yuan in 2022, but rebounding to 0.997 billion yuan in 2023 and projected to reach 1.027 billion yuan in 2024 [3] - Net profit figures from 2020 to 2024 were 0.038 billion yuan, 0.005 billion yuan, 0.004 billion yuan, 0.029 billion yuan, and 0.038 billion yuan respectively [3] - In the first half of 2025, the company reported insurance business revenue of 0.570 billion yuan, a year-on-year increase of 2.03%, while net profit decreased by 24.23% to 0.017 billion yuan [3]