Source: Beijing Business Today
On 9 30, China Merchants Renhe Life Insurance Co., Ltd. (hereinafter referred to as "China Merchants Renhe Life") announced that on 9 15, the company held its third extraordinary general meeting of shareholders for the year 2026. The meeting approved the proposal titled "Specific Plan for Capital Increase and Share Expansion of China Merchants Renhe Life in Year 2026 and Share Subscription Agreement." According to the resolution, the company plans to issue an additional 18.57 billion shares, raising 26.56 billion yuan, all of which will be subscribed by shareholder China Merchants Financial Holdings Co., Ltd.
China Merchants Renhe Life Insurance Company announced that, following this capital increase and share expansion, the company's registered capital will rise from 65.99 billion yuan to 84.57 billion yuan. The raised funds will be used to meet solvency adequacy ratio regulatory requirements, strengthen risk resilience, drive core business growth, and ensure the successful implementation of the company's "15th Five-Year Plan."
Image source: China Merchants Renhe Life Insurance announcement
