Core Insights - A new property insurance company, Beijing FaBa Tianxing Property Insurance Co., Ltd. (FaBa Tianxing), has been approved to commence operations as of October 17, 2023 [1] - The company received its insurance license on October 24, 2023, which is a crucial step in the establishment process following the approval for operation [1] - FaBa Tianxing has a registered capital of 1 billion RMB, with major shareholders including the French insurance group, Sichuan Yinmi Technology Co., Ltd., and Volkswagen Financial Services [1][2] Company Structure - The ownership structure of FaBa Tianxing includes the French insurance group holding 49%, Sichuan Yinmi Technology holding 33%, and Volkswagen Financial Services holding 18% [1][2] - Sichuan Yinmi Technology is a member of the Xiaomi Group, which has been rumored to seek a property insurance license for several years [2] - The company is now the 90th property insurance company in China, as of June 2023 [2] Management and Strategy - The management team includes OOI See See as the chairman and Zhu Rendong as the general manager, who has extensive experience in the property insurance sector [2] - The strategic positioning and business strategy of FaBa Tianxing have garnered significant attention from industry professionals since its establishment [3]
法巴天星财险获批开业 行业迎来第90位成员
Zheng Quan Shi Bao Wang·2025-11-24 23:15