Sure enough, Qian Feng's bad premonition was confirmed.

A few days later, Director Wang called and said that a manager of the investment department of the province's Chint Insurance Company had visited him at the SASAC and mentioned that he wanted to invest in the restructuring of the city's rural credit cooperative.

"How did the Provincial Zhengtai Insurance Company know about the restructuring of the Municipal Rural Credit Union?" asked Qian Feng.

"I don't know, and I don't want to ask. Director Wang replied, "It can only be news from two sides, either within our SASAC or in the city." ”

"It's also possible that I'm on my side. Qian Feng smiled, the news had already gone out, saying that this was meaningless, "Then how did Director Wang answer people?"

I told him that he was still researching, and sent him away in a perfunctory way. Director Wang replied, "I'm talking to you and telling you that there is such a thing." ”

Hanging up the phone, Qian Feng thought to himself, I'm afraid it's not so easy to send people away perfunctory.

Director Wang is a person in the state-owned assets system, and the concept may only be a central enterprise insurance company with the prefix "China", which may treat people as garlic seedlings. Qian Feng knows a little about the provincial Zhengtai Insurance Company, although it is a local insurance company, it is quite powerful and seems to have a background.

Qian Feng is an investor, and he doesn't know much about the industrial and commercial enterprises in his province and city, but he will make some efforts to understand financial enterprises.

Commercial insurance companies generally mainly do life insurance, health insurance, accident insurance, property insurance, and reinsurance of such insurance. As a local insurance company that has only been established for three or four years, Zhengtai Province is naturally not competitive in the business field of life insurance and health insurance, which is the most lucrative in the insurance industry, but it has won a considerable share in the province in terms of accident insurance and property insurance.

If you can win the official administrative business, you can't do it without a certain local background.

This also allows the provincial Chint insurance company to have a considerable income from insurance premiums.

The income from insurance premiums should be invested, otherwise, what will be the return to the policyholder, as well as the compensation for the accident.

The investment of insurance companies mainly includes five areas: liquid assets, fixed income assets, equity assets, real estate assets and other financial assets.

Among them, equity assets mainly include listed equity assets such as stocks and funds, as well as assets such as equity and equity investment funds of unlisted enterprises.

According to the requirements of the China Insurance Regulatory Commission, insurance companies shall not invest more than 30% of their total assets in equity assets. The reason for the mandatory restriction is that the regulatory authorities want to limit the risk control of insurance companies to a safe area.

Returns and risks are always proportional, and equity assets are high-yield and high-risk investments for insurance companies, especially when invested in the secondary market of the stock market to hold stocks. Generally speaking, the proportion of total asset investment directly held by large and stable insurance companies in the shares of listed companies will not exceed 10%, which will be much lower than the regulatory requirements.

......

However, the provincial Zhengtai Insurance Company did not take the usual road, and actually raised a number of listed companies on the stock market, and it was precisely because it was more eye-catching in the stock market and was an insurance company in the province that Qian Feng paid special attention to it and learned about it carefully.

Because it is not a listed company, Qian Feng could not learn about the financial report of the assets of the Provincial Zhengtai Insurance Company, but it can be seen from the action of raising the card that the proportion of equity asset investment of the Provincial Zhengtai Insurance Company is very high.

It can be seen that the operation of Provincial Zhengtai Insurance Company is very active, or very aggressive. Of course, as long as it does not hit the 30% limit line required by the regulator, it is beyond reproach. After all, the insurance company has to invest it after collecting the premium, and you can't lie all the money in the bank, and the interest in the bank is not enough to cover the insurance return expenditure, otherwise, the insurance company's business should not be done, and everyone should not buy any insurance, and you can just deposit the money in the bank.

In the era of asset shortage, good projects were taken up by large insurance companies and large investment institutions, and local insurance companies did not have investment channels with better returns, so sometimes they could only be forced to increase investment in equity assets and throw money into the stock market.

Of course, this is also related to the ambition of the insurance company, the risk is good, support the bold, risk control management is a fart, do well, is a powerful way to develop rapidly.

Moreover, there is a financial advantage, if the book loss of buying individual stocks, and then buy the diluted cost, and the loss, then buy, buy the card line, just right, so that the stock has the concept of raising the card, and the shareholders can promote the stock price to speculate.

If you can't speculate on the cards in case of a lift, you will continue to buy, individual stock chips are becoming more and more concentrated, and you can naturally increase the momentum of the stock price upward, so that even if you buy a second card to 10%, what does it matter if you raise the card to 15% three times, I am a legitimate insurance company, I will sit in the bank, what's the matter?!

......

Therefore, the owner of the Provincial Zhengtai Insurance Company, who is bold and radical and has local administrative resources, if he is eyeing the restructuring of the Municipal Rural Credit Union, it is really not a simple perfunctory act that Director Wang can dismiss.

Perhaps, the Provincial Zhengtai Insurance Company learned about the restructuring through the administrative resources of the city, and then made the idea.

What kind of opponent would this be? Qian Feng thought, he had to go deep to find out about this company.

After thinking about it, Qian Feng made a phone call with Gao Zhengji and recounted the situation that Director Wang told him to Gao Zhengji.

Gao Zhengji listened on the phone, but he didn't make a sound right away, as if he was thinking.

"I know a little bit about the Provincial Zhengtai Insurance Company," Gao Zhengji said after a while, "The person at the helm is called Wang Daqing, who used to be the secretary of the retired provincial leader, and later went to the provincial urban investment company." The provincial urban investment company is the main sponsor of Chint Insurance Company, and there are several large state-owned backbone enterprises in our province and several private investment companies. ”

In other words, Provincial Zhengtai Insurance Company is a mixed-ownership joint stock insurance company. "Qian Feng interface.

"Yes. ”

Qian Feng remembered that this retired provincial leader went up from the city, which means that Wang Daqing, who has always been his secretary, is also very familiar with the city, and must have intersected with Gao Zhengji.

"Wang Daqing is very familiar with you, right?" asked Qian Feng with a smile.

"It's not okay, because there are work affairs with the provincial leaders, and Wang Daqing is the secretary, naturally, he has had contact. So, I know a little bit about the Provincial Zhengtai Insurance Company. ”

"The provincial urban investment company is a subordinate enterprise of the provincial government, this Wang Daqing should be a department-level, right?" Qian Feng said again.

"Deputy department level. ”

Gao Zhengji is the main hall, but it is a big level, Qian Feng thought to himself, but this is meaningless, because it is impossible for Gao Zhengji to come forward to persuade the other party not to participate in the restructuring of the Municipal Rural Credit Union.

"Is there anything else you want to tell me?" Qian Feng asked tentatively.

"Nothing. Gao Zhengji replied, and muttered again, "By the way, among the several private investment companies that have a stake in the provincial Zhengtai Insurance Company, there seem to be shadows of several provincial high-ranking cadres. ”

No wonder the provincial Zhengtai Insurance Company has a background, since this is the case, it is not like, Gao Zhengji is just a tact.

Note: This chapter of insurance companies and equity investment remarks only constitutes the content of this novel.