Caixin
Oct 13, 2023 02:40 PM

"Friday, 7PM | The Next Chapter in Evergrande's Crisis: Evergrande Life and Evergrande Wealth at a Crossroads"

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This article was translated from Chinese using AI. The translation may contain inaccuracies. Click the button on the right to hide or reveal the original version.

  【财新网】大家好,这里是《周五晚7点》,在大事件中看见大趋势。我是杨律。

"Caixin Online: Hello Everyone, This is 'Friday Night at 7', Seeing Major Trends in Major Events. I'm Yang Lu."

  在上周五的时候,国家金监总局深圳监管局官宣,同意海港人寿整体受让恒大人寿保险业务及相应的资产、负债。

On last Friday, the Shenzhen Regulatory Bureau of the China Banking and Insurance Regulatory Commission officially announced its approval for Harbour Life to take over the insurance business of Evergrande Life, along with its corresponding assets and liabilities.

  恒大人寿作为恒大旗下的子公司,在恒大2021年陷入流动性危机的时候就已经变成了“提款机”。风险暴露后,最开始由地方政府牵头处理,现在整体受让的“海港人寿”,注册资本金高达150亿,5名股东分别来自于保险保障基金太平人寿、深圳市、广东省和重庆市的国资企业。

Evergrande Life, a subsidiary of Evergrande, turned into a "cash machine" when Evergrande fell into a liquidity crisis in 2021. After the risks were exposed, the local government initially took the lead in handling the situation. Now, the overall transferee "Harbor Life" has a registered capital of 15 billion yuan, with its five shareholders coming from Insurance Protection Fund, Taiping Life Insurance, and state-owned enterprises in Shenzhen, Guangdong Province and Chongqing City.

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Caixin is acclaimed for its high-quality, investigative journalism. This section offers you a glimpse into Caixin’s flagship Chinese-language magazine, Caixin Weekly, via AI translation. The English translation may contain inaccuracies.
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