（文章来源：第一财经） 国家金融监督管理总局批复同意中国财产再保险有限责任公司在全国银行间债券市场公开发行不超过人 民币40亿元（含）的10年期可赎回资本补充债券。 ...

Group 1 - The stock of China Reinsurance (01508) was transferred from HSBC to CITIC Securities, with a market value of HKD 436 million, accounting for 4.18% of the total [2] - China Reinsurance's subsidiary, China Property Reinsurance Co., Ltd., received approval from regulatory authorities to publicly issue 10-year redeemable capital supplement bonds in the national interbank bond market, with a maximum issuance scale of RMB 4 billion [2]

Core Viewpoint - China Reinsurance (01508) has seen a significant shareholder transfer, indicating potential shifts in investor sentiment and market positioning [1] Group 1: Shareholder Activity - On October 14, China Reinsurance's shares were transferred from HSBC to CITIC Lyon Securities, with a market value of HKD 436 million, representing 4.18% of the total shares [1] Group 2: Regulatory Approval and Bond Issuance - China Reinsurance's subsidiary, China Property Reinsurance Co., has received regulatory approval to publicly issue 10-year redeemable capital supplementary bonds in the national interbank bond market, with a maximum issuance size of RMB 4 billion [1]

Group 1 - The stock of China Reinsurance (01508) was transferred from CITIC Lyon Securities to HSBC on October 9, with a market value of HKD 405 million, accounting for 3.84% of the total [2] - China Reinsurance's subsidiary, China Property Reinsurance Co., Ltd. (China Re P&C), received approval from regulatory authorities to issue 10-year redeemable capital supplementary bonds in the interbank bond market, with a maximum issuance scale of RMB 4 billion [2] - The issuance of capital supplementary bonds is expected to enhance the solvency of China Re P&C and support its stable and healthy business development [2]

Core Viewpoint - China Reinsurance (01508) is undergoing a significant shareholder transfer and has received regulatory approval for a bond issuance aimed at enhancing its capital structure and operational stability [1] Group 1: Shareholder Transfer - On October 9, China Reinsurance's shares were transferred from CITIC Lyon Securities to HSBC Hong Kong, with a market value of HKD 405 million, representing 3.84% of the total shares [1] Group 2: Bond Issuance - On September 26, China Reinsurance announced that its subsidiary, China Property Reinsurance Co., Ltd. (CPRC), received approval from regulatory authorities to publicly issue 10-year redeemable capital supplementary bonds in the interbank bond market, with a maximum issuance size of RMB 4 billion [1] - The issuance of these capital supplementary bonds is expected to enhance CPRC's solvency and support its stable and healthy business development [1]

Core Viewpoint - China Reinsurance (01508.HK) announced that its subsidiary, China Property Reinsurance Co., Ltd. ("China Re Property"), has received approval from relevant regulatory authorities to publicly issue 10-year redeemable capital supplement bonds in the national interbank bond market, with an issuance scale not exceeding RMB 4 billion [1] Group 1 - The approval allows China Re Property to enhance its capital structure through the issuance of bonds [1] - The bonds will have a maturity of 10 years, indicating a long-term financing strategy [1] - The issuance scale is capped at RMB 4 billion, reflecting the company's planned capital raising efforts [1]