From the rush to slow down the pace of chase, more and more shares of insurance companies are put on the shelves. On April 25, according to the website of Beijing property Exchange, Yongcheng property Insurance Co., Ltd. (hereinafter referred to as "Yongcheng property Insurance") 1Spinvegasslots.6.6 billion shares (7.6 per cent of the total share capital) are listed for transfer and the project is in the pre-disclosure stage. It is worth mentioning that China Huadian Group Capital Holdings Co., Ltd. (hereinafter referred to as "Huadian Capital"), a shareholder of Yongcheng property Insurance, is not the first time to transfer its shares in the company. If the transfer is successful, it means that Huadian Capital will withdraw from the ranks of Yongcheng Insurance shareholders.

In recent years, it is not uncommon for state-owned enterprises and central enterprises to sell shares in insurance enterprises. at the same time, some shares in insurance enterprises have emerged.SpinvegasslotsNo one is interested in the situation, not only the shares transferred by the shareholders of insurance companies have been listed many times, but the buyers are difficult to find, but also the shares of dangerous companies have appeared in the auction house but there is no following. Why does the smooth transfer of equity in insurance companies become a difficult task? When will potential buyers in the market show up?

There are also shares of insurance companies on the shelves.

On April 25, a reporter from the Beijing Business Daily learned that Huadian Capital listed on the Beijing property Exchange to transfer its 166 million shares of Yongcheng Insurance, with a total stake of 7.6%.

As of press time, the project has received 248 hits. It is understood that the equity listing is in the pre-disclosure stage, the pre-disclosure announcement period will not be less than 20 working days.

According to the four Seasons report in 2023, Huadian Capital is the sixth largest shareholder of Yongcheng Insurance, and this is the second time that the company has transferred Yongcheng Insurance shares on the Beijing property Exchange. The last equity transfer was in December 2022. If the listing is successful, Huadian Capital will no longer hold a stake in Yongcheng Insurance.

As for the qualifications of the transferee mentioned above, the requirements include that the intended transferee should have good financial position and ability to pay, good commercial credit and no bad operating record, and other conditions stipulated by laws and regulations.

"so far, it is not possible to predict the specific results of the transaction and the identity of future buyers." Zhi Peiyuan, an enterprise tutor for master's degree students at the School of Management at China University of Mining and Technology (Beijing), says the final buyer of such a deal usually appears at the bidding stage after the expiration of the pre-disclosure period, which can involve multiple rounds of bidding and negotiations.

The reporter learned from the property rights trading market and asset auction website that recently, in addition to Yongcheng Insurance, the shares of many insurance companies such as China Coal property Insurance, Ancheng property Insurance and Guobao Life Insurance have also been put on the "shelf". Among them, there is no lack of some state-owned enterprises that want to clear the risk of enterprise equity. As for the reasons for the withdrawal of shareholders of insurance companies, Zhi Peiyuan said that from the perspective of equity changes, some shareholders choose to sell their shares in insurance companies in order to optimize their capital structure, adjust their investment portfolios or respond to regulatory policies. Other shareholders may have decided to quit because they are cautious about the prospects of the insurance industry or looking for more favourable investment opportunities.

The recovery of the trading market depends on multiple factors.

In fact, the result of the transaction is not ideal, and the once hot equity of insurance companies is undergoing a big cooling, especially in small and medium-sized insurance companies. Beijing Business Daily reporter combed found that since 2023, Guobao Life Insurance, Chengtai property Insurance, Ancheng property Insurance, Happy Life and other insurance companies have encountered unsuccessful auction. Not only the equity transfer plans of some companies have not been followed for a long time, "discounts" after failed auctions are even common.

In the eyes of industry insiders, this means that social capital has shown a relatively cautious attitude in taking over equity. "the activity of equity transactions in the insurance industry is affected by multiple factors such as the macroeconomic environment, industry development trends and regulatory policy changes." In contrast to the previous boom in the insurance company equity trading market, Zhi Peiyuan said that in the context of the current weak global economic recovery and increased market volatility, the insurance industry equity trading market presents a complex and changeable pattern.

In addition to the buyer market is not active enough, in the eyes of industry insiders, the emergence of this phenomenon is also related to domestic asset price deflation. At present, many fixed assets and equity assets are generally reduced, and the decline in equity prices of insurance companies is also following the general trend.

However, a number of industry insiders also said that looking to the future, if the macroeconomic environment improves and investor confidence recovers, the market for equity transfer of insurance companies may pick up. In terms of potential buyers, in addition to traditional financial and industrial capital, Zhi Peiyuan said that some emerging investors, such as technology companies and private equity funds, have also begun to dabble in equity deals in the insurance industry. These new entrants usually have strong capital strength and resource integration ability, and their participation may bring new changes to the competitive pattern of the insurance industry.

Generally speaking, the stock equity transaction of insurance companies is not as expected, which is not only the reflection of the change of the market environment, but also the embodiment of the adjustment of investors' risk preference. In the face of this phenomenon, for insurance companies, the change also exists and needs to be dealt with actively. For example, you may need to find new strategies to attract investors, and you also need to constantly optimize your business model and profitability to enhance your attractiveness in the market.

Zhi Peiyuan said that looking forward to the future, the development of the equity trading market in the insurance industry will continue to be affected by multiple factors, such as the domestic and foreign economic situation, the process of industry reform, and scientific and technological progress. In this process, insurance companies need to adjust their strategies flexibly, not only to ensure the stability of capital, but also to seize opportunities to achieve business diversification and innovative development. At the same time, regulators will continue to play a guiding and normative role to ensure the stable and healthy development of the insurance market.