创始股东拟清仓！长城人寿6000万股股权再次挂牌转让

Core Viewpoint - China Twenty-Two Metallurgy Group Co., Ltd. and China State Construction Engineering Corporation Second Bureau Third Construction Co., Ltd. are transferring their 30 million shares in Great Wall Life Insurance Co., Ltd. at a base price of 35.82999 million yuan each, reflecting a strategic exit from the insurance sector in response to government policies [1][4]. Group 1: Share Transfer Details - Both companies are listed as founding shareholders of Great Wall Life, each originally holding 10% of the shares, which have now been diluted to 0.4386% due to multiple rounds of capital increases [3][4]. - The shares were previously listed for transfer in October 2025 at a base price of 39.8111 million yuan, indicating a 10% price drop in the recent offering [4]. Group 2: Regulatory Context - The transfer aligns with the "retreat from finance" directive issued by the State-owned Assets Supervision and Administration Commission (SASAC), which restricts state-owned enterprises from investing in financial institutions that do not align with their core business [4]. - Following the issuance of these policies, several state-owned enterprises have begun divesting from insurance companies, including China Bank Samsung Life and Minsheng Life Insurance [4]. Group 3: Company Performance - Great Wall Life reported an insurance business revenue of 21.455 billion yuan for the first three quarters of 2025, a year-on-year decline of 5.92%, with net profit dropping over 70% to 156 million yuan [5]. - As of the end of the third quarter, the company's core solvency adequacy ratio stood at 102.21%, while the comprehensive solvency adequacy ratio was at 153.84% [5].