China Insurance IPO to issue up to 4.599 billion shares listed on the Shanghai S

China People's Insurance Group Co., Ltd. (1339.HK) on Friday to the China Securities Regulatory Commission to apply, to issue up to 4.599 billion A shares, plans to be listed on the Shanghai Stock Exchange.

According to the company recently published in the SFC website pre-disclosure materials show that the company issued this issue does not exceed the total number of shares issued after the listing of the total share capital is 9.78%, and does not include in accordance with the over-allotment option may issue any shares. Raised funds will be used to enrich the company's capital.

CICC (3908.HK), Principal Investor, is the lead underwriter of the China People's Insurance Company, and CITIC Securities (600030.SS) and Goldman Sachs Gao Hua Securities Company.

China People's Insurance is China's first national insurance company, has now become a large domestic comprehensive insurance finance group. As at the end of June this year, the total assets of the Group's consolidated financial statements were RMB987 billion, and insurance income for January to June was RMB277.7 billion.