| Industry | Financial services |
|---|---|
| Founded | November 2007; 13 years ago |
| Headquarters | Shanghai, China |
About Guohua Life
Guohua Life Insurance opened in Shanghai today to tap the country’s rising need for financial protection.
The Shanghai-based life insurer has registered capital of 300 million yuan (US$40.5 million).
The insurer got the go-ahead from the China Insurance Regulatory Commission to start business in October.
Hubei Biocause Pharmaceutical Co, a Shenzhen-listed drug maker, holds a 19.99 percent stake in Guohua Life as its biggest shareholder.
Biocause invested 59.97 million yuan in the life insurer.
Shanghai is gearing up to be an international financial hub and is already home to big name financial players from the banking, insurance and securities sectors.
Life insurance premiums topped 29.27 billion yuan in the first ten months in Shanghai, up 16 percent from a year ago.
Guohua Life Contact Details
Address: 32F Shanghai Center Building 501 Yincheng Middle Rd Pudong Shanghai, 200120 China.
Contact: 86-21-6105-8666
Website: www.95549.cn
