近日，又有两家保险公司拟增资"补血"。11月26日晚，福建高速公告透露海峡金桥2025年增资项目，三 家股东拟合计增资10亿元。11月27日，德华安顾人寿发布注册资本变更公告，公司股东拟按比例增资 15.45亿元。 据《每日经济新闻》记者不完全统计，2025年以来，约有20家保险公司在中国保险行业协会披露增资计 划，截至目前，已有12家公司获批增资，有外资股东增资的数量占比约半数，包括国民养老、中信保诚 人寿、中意财险、汇丰人寿、复星联合健康、太平养老等。此外，国联人寿、三峡人寿、鼎和财险等国 资背景股东增资规模较大。 值得关注的是，部分公司选择以资本公积转增注册资本的方式进行增资。如鼎和财险以公司资本公积金 向全体股东按持股比例转增注册资本，注册资本从46.43亿元增至60亿元，增资金额13.57亿元，各股东 持股比例不变。业内指出，资本公积与注册资本同属核心一级资本，虽然转增不改变公司偿付能力充足 性，但提升注册资本规模亦可增强市场信心。 外资战略投资不断加码 截至目前，今年已有12家公司获批增资，其中有外资股东增资的数量约占半数，包括国民养老、中信保 诚人寿、中意财险、汇丰人寿、复星联合健康、太平养老等 ...

本报记者 杨笑寒 近日，国家金融监督管理总局（以下简称"金融监管总局"）发布行政批复，同意太平养老保险股份有限 公司（以下简称"太平养老"）增加注册资本约3.3亿元，同时同意比利时富杰保险国际股份有限公司 （以下简称"比利时富杰"）认购该公司10%股权。增资后，太平养老的注册资本由30亿元变更为约33.33 亿元。 据《证券日报》记者统计，今年以来截至11月25日，已有国民养老保险股份有限公司（以下简称"国民 养老"）、中邮人寿保险股份有限公司、中华联合人寿保险股份有限公司等15家险企获批增资，合计增 资166.91亿元。 盘古智库（北京）信息咨询有限公司高级研究员江瀚表示，对保险行业而言，外资的深度参与将带来以 下三方面影响：一是加剧市场竞争，促使本土险企在产品创新、服务体验和科技应用等方面加速升级， 推动行业从规模驱动向价值驱动转型。二是外资带来的先进风控理念、精算技术以及ESG（环境、社会 和公司治理）投资实践，有助于提升整个行业的专业化和国际化水平，并促进保险资金运用效率的整体 优化。三是外资通过"合转外"或独资运营，可能重塑股权结构和治理模式，推动行业治理标准与国际接 轨；同时，其服务高净值客户的经 ...

Core Viewpoint - Hengqin Life Insurance plans to increase its registered capital by approximately 753 million yuan, which will raise the shareholding ratio of its shareholder Zhuhai Huachuang Investment Management Co., Ltd. from 32.9% to 49% [1] Group 1: Capital Increase and Insurance Industry Trends - A total of 6 insurance companies have been approved for capital increases amounting to 6.78 billion yuan this year, with Sunshine Life leading at over 2.7 billion yuan [2][3] - The capital increase plans are primarily from small and medium-sized insurance companies, reflecting their significant capital pressure and need for capital replenishment [3][4] - The China Insurance Security Fund's report indicates that insurance companies face challenges in capital replenishment due to insufficient profitability and limited external capital supply [4] Group 2: Debt Issuance Status - No insurance companies have issued bonds this year as of March 10, contrasting with the capital increase activity [5] - In 2023, the bond issuance scale for insurance institutions reached 112.17 billion yuan, a 399.6% increase from 2022, with various companies participating [5] - Two insurance companies chose not to redeem their capital supplement bonds, raising concerns about their financial structure and market credibility [6]

Group 1 - Insurance capital has initiated a new wave of "stake acquisitions" in 2025, with 19 instances recorded so far, nearing last year's total of 20 [2] - Jiangnan Water and Hualing Steel have recently been targeted for stake acquisitions by Life Insurance and Xintai Life, respectively, with Jiangnan Water seeing a 5.03% stake increase and Hualing Steel reaching 5.00% [3] - The acquisitions are based on long-term investment strategies and the companies' value propositions, with funding sourced from the insurers' own capital [3] Group 2 - Insurance capital is particularly focused on bank stocks, with 10 out of 19 acquisitions targeting banks, especially in the Hong Kong market [4] - The "Ping An system" has been notably active, accounting for 6 of the acquisitions, including Postal Savings Bank and China Merchants Bank [4][5] - Ping An Group's CEO indicated that the investments in high-dividend bank stocks were made in anticipation of a declining interest rate cycle [5] Group 3 - In 2025, 13 insurance companies have announced capital increase plans, totaling approximately 50 billion yuan, with Ping An Life accounting for nearly half of this amount [7] - Ping An Life plans to increase its registered capital from 33.8 billion yuan to 36 billion yuan through a capital increase of about 19.999 billion yuan [7] - Other companies, such as Zhongyou Insurance, have also received approval for capital increases, indicating a trend of strengthening capital positions across the industry [7] Group 4 - Issuing bonds has become a significant method for insurers to supplement capital, with several companies, including Ping An Life and Taikang Life, actively participating in the bond market [8][9] - In June, Ping An announced plans to issue 11.765 billion HKD in zero-coupon convertible bonds, attracting market attention [9] Group 5 - The insurance industry has faced increased regulatory scrutiny, with over 1,000 penalties issued in the first half of 2025, reflecting a tightening of oversight [10][11] - Notable penalties include a 1.115 million yuan fine against China People's Insurance for multiple violations, highlighting the regulatory environment's impact on major players [11] - The second quarter saw continued enforcement, with penalties primarily related to improper benefits and financial reporting inaccuracies [12]