Market: Hong Kong
Symbol:1508.HK
ISIN: CNE100002342
Industry : Insurance

China Reinsurance (Group) Corporation (hereinafter referred to as “China Re”) was initiated and established by the Ministry of Finance of the People's Republic of China and Central Huijin Investment Ltd. The registered capital is RMB 42,479,808,085 yuan, of which the Ministry of Finance holds 11.45% and Central Huijin Investment Ltd. holds 71.56% of the shares.

China Re originated from the People's Insurance Company of China established in October 1949. In October 2007, it was restructured into an incorporated corporation. At present, China Re holds controlling stakes in 5 domestic subsidiaries, namely, China Property & Casualty Reinsurance Company Ltd. (hereinafter "China Re P&C"), China Life Reinsurance Company Ltd. (hereinafter "China Re Life"), China Continent Property & Casualty Insurance Company Ltd. (hereinafter "China Continent Insurance"), China Re Asset Management Company Ltd. (hereinafter "China Re Asset"), and Huatai Insurance Agency & Consulting Service Ltd. (hereinafter "Huatai Service"). It directly controls the following overseas subsidiaries, mainly including: China Re UK Ltd., China Re Underwriting Agency Ltd., etc. and indirectly controls the following overseas subsidiaries, mainly including: China Re Asset Management (Hong Kong) Co. Ltd., The Hanover Insurance International Holdings Limited, etc.; established one overseas branch company and three representative offices outside Mainland China, namely, Singapore Branch, London Representative Office, Hong Kong Representative Office and New York Liaison Office Inc. On October 26, 2015, China Re was listed on the Main Board of the Stock Exchange of Hong Kong Limited and became a listed company with stock code 1508.HK.

Share Graph
Share data
20/03/2019
Currency HKD
Previous Close 1.78
Change (%) 0.56
Volume 5,322,700
Number of H-Shares(mil) 6,679.42
H-Share Market Cap (mil) 11,889.36
Financial Highlights, RMB millions 2015 2016 2017
Total assets 328,993 211,207 242,800
Total liabilities 258,036 139,067 167,430
Total equity 70,957 72,140 75,370
Gross written premiums 80,434 86,677 105,336
Net profit 7,675 5,233 5,336
Net proft attributable to equity shareholders of the parent company 7,579 5,146 5,256
Earnings per share (RMB) 0.20 0.12 0.12
Net assets per share attributable to equity shareholders of the parent company (RMB) 1.65 1.68 1.75
Weighted average return on equity (%)1 12.99 7.28 7.22

Note: 1. Weighted average return on equity = Net proft attributable to equity shareholders of the parent company ÷ balance of weighted average equity.