去年以来26家险企股权变动达33起 险企股权变动趋于活跃，既是市场资源优化配置的结果，也是行业深化供给侧结构性改革、加速风险出清的缩影

Core Viewpoint - The recent approval by the Chongqing Financial Supervision Administration for Chongqing Development Investment Co., Ltd. to acquire approximately 562 million shares of Three Gorges Life Insurance Co., Ltd. reflects a broader trend of equity changes within the insurance sector in China, highlighting the ongoing restructuring and capital optimization efforts in the industry [1][2]. Group 1: Shareholder Changes - Chongqing Development Investment will hold approximately 1 billion shares of Three Gorges Life, representing a 33% stake after the acquisition [1]. - Chongqing Yufu Capital will retain about 405 million shares, equating to a 13.35% ownership in Three Gorges Life [1]. - Since 2025, there have been 33 disclosed cases of equity changes involving 26 insurance institutions, driven by reasons such as share transfers and capital increases [1]. Group 2: Capital Increase and Foreign Investment - Several insurance companies have seen foreign investors participating in capital increases, including HSBC Life Insurance Co., Ltd. and China-Italy Property Insurance Co., Ltd. [2]. - The involvement of foreign shareholders is attributed to the continuous opening of the Chinese insurance market, long-term economic growth, and regulatory encouragement for foreign participation [2]. - Foreign investment is expected to bring capital, technology, and international experience to the market, enhancing product innovation and service upgrades [2]. Group 3: Impact of Equity Changes - The active equity changes since 2025 are seen as a result of market resource optimization and structural reforms within the industry [3]. - Equity changes can improve corporate governance and decision-making efficiency while also posing short-term challenges to operational stability [3]. - Long-term, rationalizing capital structures is anticipated to inject new growth momentum into insurance companies, promoting high-quality development [3].