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Guobao Life Insurance

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  1. 2026

    Guobao Life Insurance plans RMB 2.541 billion registered capital increase with eight new local state-owned shareholders

    Guobao Life Insurance announced a plan to increase its registered capital by RMB 2.541 billion, from RMB 1.98 billion to RMB 4.521 billion, issuing 2.541 billion new shares at RMB 1.21 per share, with the remaining RMB 534 million premium recorded in capital reserves. Of its nine existing shareholders, only Sichuan Financial Holding Group joined the round, subscribing 847 million shares for RMB 1.025 billion and keeping a 33.33% stake as the largest shareholder, while eight new shareholders, all with local state-owned backgrounds including Yibin Development Holding Group (496 million shares, RMB 600 million), subscribed the remaining shares.