News Column

CPIC to Invest CNY400mn in Guangdong Small Loan Firms

August 11, 2014

GUANGDONG, August 11, SinoCast -- China Pacific Insurance (Group) (CPIC) is expected to gain the regulatory approval to invest CNY 400 million into small-loan assets-backed securitization products by the end of this month to officially get access to credit assets packages of eight small loan companies in Guangdong Province.

The financing cost rate of small loan companies through property insurance is expected to be about 13% and the rate of return on investment after deducting various fees is about 7%.

In addition, China Life is working together with another property insurance joint venture to brew such a plan with an investment of CNY 1 billion to CNY 2 billion in 40 small loan companies in Guangdong.

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Source: Sinocast Insurance Beat (China)

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