监管批复：同意开业！又一金融机构诞生

Core Viewpoint - Fuzhou Life Insurance has been approved to commence operations and has taken over the insurance business of Jun Kang Life Insurance, marking a significant case of risk resolution led by local state-owned assets in the insurance sector [1][5][6]. Group 1: Company Establishment and Structure - Fuzhou Life Insurance was approved for establishment in January and for operation in June, with its business supervised by the Shandong Financial Regulatory Bureau [1][3]. - The registered capital of Fuzhou Life Insurance is 17 billion yuan, and its business scope includes various types of life insurance, health insurance, accident insurance, and reinsurance [2][3]. - The ownership structure consists of local state-owned assets, industry guarantee funds, and large insurance companies, with Jinan Jintou Holding Group Co., Ltd. as the largest shareholder holding 49.71% [3]. Group 2: Management and Governance - Key executives include Feng Yi as Chairman and Xie Zhufeng as General Manager, both of whom have significant experience in the financial sector [3]. - The board includes several independent directors and vice presidents, indicating a structured governance approach [3]. Group 3: Acquisition of Jun Kang Life Insurance - Fuzhou Life Insurance has been authorized to take over the insurance business of Jun Kang Life Insurance, with the latter confirming that policyholders will not need to change their contracts, ensuring their rights remain unaffected [5][6]. - The acquisition signifies the completion of risk resolution for Jun Kang Life Insurance, which faced financial difficulties and regulatory issues in the past [6]. Group 4: Industry Context and Implications - The trend of local state-owned assets taking over troubled insurance companies is increasing, as seen in recent cases like Haigang Life and Sheneng Investment Management [6][7]. - This strategy not only aids in risk resolution but also enhances local financial ecosystems and supports regional economic development [7].