又有保险公司股权将被拍卖。9月25日，北京商报记者注意到，和泰人寿保险股份有限公司（以下简 称"和泰人寿"）10%股权将被司法拍卖，持有方是栾川县金兴矿业有限公司（以下简称"金兴矿业"）。 这家背靠中信系与腾讯系两大巨头，曾以"互联网创新险企"为标签的寿险公司，如今正面临着投资失 利、核心管理层空缺等一系列难题。 股权再次上"拍卖台" 9月25日，北京商报记者注意到，金兴矿业持有的和泰人寿1.5亿股（10%股权）将于10月23日被司法拍 卖；该笔股权评估价0.97亿元，起拍价为0.92亿元。 实际上，这已经是金兴矿业所持和泰人寿股权第二次被拍卖。根据北京商报记者此前报道，在2022年12 月，金兴矿业持有的和泰人寿2.1亿股（14%股权）曾在阿里司法拍卖平台挂出，但约一周后被撤回， 撤回原因是申请执行人及其他执行债权人撤回执行申请。如今，时隔两年，这笔股权中的一大部分没有 逃掉被继续拍卖的命运。 除了金兴矿业所持14%股权被质押冻结，和泰人寿其他股东也存在质押或冻结股权的情况。具体而言， 和泰人寿目前有40%的股权处于质押或者冻结的状态，涉及4家股东，合计6亿股。除了金兴矿业所持 2.1亿股全部被质押和冻结， ...

Core Viewpoint - Hetai Life Insurance is facing significant challenges due to bond defaults, leading to substantial asset impairments and revealing issues in risk management and governance [1][2][3] Group 1: Financial Performance and Asset Impairment - Hetai Life announced a cumulative asset impairment of 75.92 million yuan due to the default of the "H20 Shanshan 1" bond, marking the second major impairment this year [1] - The company reported a total investment of 215 million yuan in the "H20 Shanshan 1" bond, with the impairment amount still significantly lower than the total principal and interest [2] - The company has experienced fluctuating asset impairment losses from 2019 to 2024, with a peak loss of 328 million yuan in 2023, primarily due to high-risk investments in aggressive private enterprises [2] Group 2: Risk Management Issues - Frequent investment failures indicate deficiencies in Hetai Life's risk management, including high industry concentration and inadequate risk warning mechanisms [3] - The company has been criticized for insufficient credit assessments of issuers and a lack of diversification in its investment strategy, leading to excessive exposure to high-risk sectors [3] Group 3: Governance and Management Challenges - The company has faced governance issues, including a long-term vacancy in the CEO position and a high turnover rate among senior management, which undermines decision-making efficiency [6][8] - A significant portion of the company's shares (40%) is under pledge or frozen, which could lead to the loss of voting rights for major shareholders and further complicate governance [7][8] Group 4: Future Business Development - Hetai Life aims to achieve reasonable premium growth in 2025 while focusing on value and future earnings contributions, emphasizing channel expansion and improved operational efficiency [9]