trending Market Intelligence /marketintelligence/en/news-insights/trending/fW30v9JQIXbQwHzjespS2Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

China Cinda sells majority stake in Happy Life Insurance for 7.5B yuan

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

China Cinda sells majority stake in Happy Life Insurance for 7.5B yuan

China Cinda Asset Management Co. Ltd. said Dec. 13 that it sold its entire 50.995% stake in life and health insurance subsidiary Happy Life Insurance Co. Ltd. for 7.5 billion yuan.

The state-owned distressed asset manager sold a 30% stake in Happy Life to Champion Property & Casualty Insurance Co. Ltd. for 4.41 billion yuan, and another 20.995% stake to DongGuan Communications Investment Group Co. Ltd. for 3.09 billion yuan.

In the six months ended June 30, Happy Life's pretax profit was 590 million yuan, compared with a pretax loss of 1.08 billion yuan a year earlier, according to China Cinda's interim report.

As of Dec. 13, US$1 was equivalent to 6.98 Chinese yuan.