FINANCE

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

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

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Guomin Pension & Insurance Co. Ltd.

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.

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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%.

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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.

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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.

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