FINANCE

Allianz-Backed Chinese Insurer to Tap Local State Investors for Pension Finance Push

Published: Dec. 25, 2025 6:44 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Guomin Pension & Insurance Co. Ltd. Photo: VCG

Guomin Pension & Insurance Co. Ltd. plans to raise 500 million yuan ($71 million) from state-owned investment platforms in four major Chinese cities, deepening ties with local governments as it seeks to expand into home- and community-based elderly care.

The insurer said Monday that it plans to issue new shares, with government-backed investors from Hangzhou, Chengdu, Chongqing and Guangzhou subscribing to the offering.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Guomin Pension & Insurance plans to raise 500 million yuan from state-backed investors in Hangzhou, Chengdu, Chongqing, and Guangzhou.
The fundraising will support expansion into home- and community-based elderly care, aligning with China’s “9073” care structure.
After the deal and with Allianz Global Investors' 2% stake acquired in December 2024, the company will have 22 shareholders and a solvency ratio above 500%.

AI generated, for reference only

Who’s Who

Guomin Pension & Insurance Co. Ltd.: Guomin Pension & Insurance Co. Ltd. plans to raise 500 million yuan ($71 million) from state-owned investment platforms in Hangzhou, Chengdu, Chongqing, and Guangzhou. This move aims to deepen ties with local governments and expand into home- and community-based elderly care. The company, founded in 2022, remains well-capitalized and recently attracted Allianz Global Investors as its first foreign investor.

Allianz Global Investors: Allianz Global Investors is a foreign investor that acquired a 2% stake in Guomin Pension & Insurance Co. Ltd. in December 2024. This marks their entry as Guomin Pension's first foreign investor.

AI generated, for reference only

What Happened When

2022：: Guomin Pension & Insurance Co. Ltd. was founded.

December 2024：: Guomin Pension brought in its first foreign investor, Allianz Global Investors, which acquired a 2% stake.

As of September 2025：: Guomin Pension maintained a solvency ratio above 500%.

Monday, December 22, 2025：: Guomin Pension announced plans to raise 500 million yuan by issuing new shares to government-backed investors from Hangzhou, Chengdu, Chongqing, and Guangzhou.

AI generated, for reference only