XIAOMI(HK:01810) Guo Ji Jin Rong Bao·2025-11-24 11:46Core Insights - The China Banking and Insurance Regulatory Commission has approved the establishment of Beijing La Banque Postale Tianxing Property Insurance Co., Ltd. (referred to as "La Banque Postale Tianxing Insurance") [1] - The company will operate under the supervision of the Beijing Financial Regulatory Bureau [1] Company Overview - La Banque Postale Tianxing Insurance's business scope includes motor vehicle insurance (mandatory traffic accident liability insurance and commercial vehicle insurance), property insurance for enterprises and households, engineering insurance (excluding special risk insurance), liability insurance, marine and cargo insurance, short-term health and accident insurance, reinsurance for the aforementioned businesses, and other insurance fund utilization businesses permitted by national laws and regulations [4] - The registered capital of La Banque Postale Tianxing Insurance is 1 billion RMB [4] Shareholder Structure - The shareholder composition and investment proportions are as follows: - La Banque Postale Group: 490 million RMB (49%) - Sichuan Yinmi Technology Co., Ltd.: 330 million RMB (33%) - Volkswagen Financial Services Overseas AG: 180 million RMB (18%) [5] Shareholder Background - La Banque Postale Group is a member of the BNP Paribas Group, with branches in over 30 countries [7] - Sichuan Yinmi Technology Co., Ltd. is a member of the Xiaomi Group, fully owned by Beijing Xiaomi Electronic Software Technology Co., Ltd., which is predominantly owned by Lei Jun, the chairman and CEO of Xiaomi Group [7] Management Team - The China Banking and Insurance Regulatory Commission has approved the qualifications of OOI See See (Huang Shen) as the chairman and Zhu Rendong as the general manager of La Banque Postale Tianxing Insurance [8] - Huang Shen has a background in actuarial science and has held various leadership positions within the insurance sector [8] - Zhu Rendong holds degrees in science and economics and has extensive experience in actuarial roles within the insurance industry [8]