Core Points - The Financial Regulatory Administration has issued an insurance license to Fuzhou Life Insurance Co., Ltd. [1] - The license was granted on November 7, with the institution located in Jinan, Shandong Province [1] - Fuzhou Life is set to take over the assets and liabilities of Jun Kang Life Insurance, which is undergoing restructuring [1] Company Overview - Jun Kang Life Insurance is controlled by Zhongwang Group, the largest aluminum profile manufacturer in Asia, which entered bankruptcy restructuring in September 2022 [1] - Zhongwang Group acquired Jun Kang Life in 2017 for nearly 30 billion yuan and has since faced financial difficulties, leading to significant fund occupation from the insurance company [1] - Since 2019, Zhongwang has experienced tightening cash flow and has been involved with multiple financial institutions, with Jun Kang Life's occupied insurance funds amounting to hundreds of billions [1]
富泽人寿保险许可证获批 “君康”转“富泽”进程提速？