史带财险由合资变外资 保险业对外开放再提速

Core Viewpoint - The approval for Starr Property & Casualty Insurance Company to transition from a joint venture to a wholly foreign-owned enterprise signifies a significant step in China's financial sector's deepening openness to foreign investment, reflecting the growing confidence of foreign institutions in China's long-term economic resilience [1][3]. Group 1: Company Developments - Starr Property & Casualty Insurance Company has acquired an additional 11.2 million shares (0.78% equity) from Shanghai Jinjiang International Investment Co., increasing its total shareholding to 1,146 million shares, representing 80% ownership [2]. - The change in ownership structure enhances the control of foreign shareholders over Starr Property & Casualty, allowing for more efficient strategic decision-making and resource allocation [2]. - The company, originally established in 1995 as Dazhong Insurance, has evolved significantly since the introduction of Starr Group as a strategic investor in 2011, with foreign ownership rising to 77.58% by 2014 [2]. Group 2: Industry Trends - The trend of foreign insurance companies increasing their presence in China is evident, with nearly half of the world's top 40 insurance companies having entered the Chinese market by mid-2025 [4]. - Recent examples include AXA's acquisition of the remaining 50% of AXA Tianping, Allianz's full control of Allianz China Life, and HSBC's complete ownership of HSBC Life Insurance, all indicating a shift towards wholly foreign-owned entities [4]. - According to Ernst & Young's report, foreign insurance companies' market share in China has grown from 4% in 2013 to 9% currently, highlighting the increasing significance of foreign players in the domestic insurance market [5].