Surging News: Xiang Wenbo "embraces" Ma Yun, Ma Huateng, and Wang Yawei!　Sany Group prepares to establish Jiulong Property Insurance

Source: The Paper

Jiulong Property & Casualty Insurance Co., Ltd. (hereinafter referred to as Jiulong Property & Casualty Insurance), which was jointly funded by 15 companies including Sany Group, was officially approved for establishment.

In addition to well-known investors such as Wang Yawei and Zhao Danyang, who like insurance stocks, industrialists such as Dong Wenbiao, Wang Jianlin, Ma Huateng, Ma Yun, Shi Yuzhu, and Guo Guangchang have also fallen in love with the insurance industry. * The last person to express his enthusiasm for the insurance industry is Xiang Wenbo, president of Sany Heavy Industry (600031), a listed manufacturing company.
According to the official website of the China Insurance Regulatory Commission, Jiulong Property Insurance Co., Ltd. (hereinafter referred to as Jiulong Property Insurance), jointly funded by 15 companies including Sany Group, was officially approved for establishment on April 2, which will be China's *5,656 professional equipment manufacturing property insurance companies.
With a registered capital of RMB1 billion and a registered place in Zhuhai, Guangdong Province, Jiulong Property & Casualty Insurance Co., Ltd. has 15 equipment manufacturing companies, including Sany Group Co., Ltd., Zhuhai Dahengqin Investment Co., Ltd., Zhuhai Huachuang Investment Management Co., Ltd., Changsha Lianli Industrial Co., Ltd., and Yantai Development Zone Hongtong Machinery Co., Ltd.
According to public information, Sany Group, headquartered in Changsha, Hunan, China, is currently one of the domestic *5655 construction machinery manufacturers, and also the world's *5655Concrete machineryManufacturer.
Jiulong Property Insurance intends to be Chairman Xiang Wenbo and General Manager Li Guoqiang. According to the official website of Sany Group, Xiang Wenbo is the vice chairman and president of Sany Heavy Industry, a subsidiary of Sany Group, a manufacturing company, and Li Guoqiang is the deputy general manager of Sany Group.
A relevant person from Sany Group told the surging news reporter that Sany Group holds 20% of the shares in Jiulong Insurance, and Jiulong Insurance is mainly a professional property insurance company, and the target industry is the high-end equipment manufacturing industry, which will also cover the upstream and downstream industries of equipment manufacturing in the future.
Industrial enterprises have been in love with the insurance industry for many years, but since 2014, under the concentrated release of favorable industry policies, insurance companies have become the object of competition for various capital predators overnight.
Previously, three horses (Ma Mingzhe, Ma Yun, Ma Huateng) established *5656 Internet insurance companies Zhongan Insurance, and then Guo Guangchang said that he wanted to be China's version of Buffett, and Wang Jianlin said that he had an "insurance complex". Recently, Dong Wenbiao led China Minsheng Investment (China Minsheng Investment Co., Ltd.) to "show love" to Dubang Insurance with a high-profile 50 billion yuan.
In the insurance industry, where industrialists gather, investors have also expressed their enthusiasm for insurance. At the end of last month, in an interview with CCTV, Wang Yawei, the "* bull fund manager", first recommended the insurance industry among the three promising industries, and mentioned the insurance industry twice in a row.
Zhao Danyang, known as the "godfather of private equity", invested heavily in Xinhua Insurance (601336). According to the annual report of Xinhua Insurance, as of the end of 2004, Zhao Danyang's Pure Heart Growth Collective Capital Trust Plan and Pure Heart Value Collective Capital Trust Plan held 13,088,400 shares and 7,591,400 shares of Xinhua Insurance respectively, and Zhao Danyang* invested 487 million yuan less according to the calculation of Xinhua Insurance in the fourth quarter of last year lower than 23.57 yuan per share.