Industry News | Foreign giants make a move Allianz plans to take a stake in the national pension

Securities Times Securities China News Agency reported that on the 24th, National Pension Insurance Co., Ltd. (referred to as "National Pension") released an information disclosure announcement. According to the results of the Beijing Financial Asset Exchange's public solicitation of investors, the company plans to introduce Allianz Global Investors GmbH ("Allianz Investment") as a strategic investor through the issuance of new shares to increase capital.

Allianz Investment is an asset management organization under the Allianz SE Group in Germany, which is one of the largest insurance and asset management groups in the world with a history of over 130 years. Allianz's investment in an emerging professional pension insurance company sends a signal that foreign institutions and patient capital continue to strengthen China's pension financial market and are optimistic about the long-term growth potential of the Chinese economy.

National Pension stated that the deep cooperation with Allianz Group will bring the company an international perspective and professional experience. Allianz Group and Allianz Investment are in a leading position in the global pension market. The company will fully study and draw on their advanced experience in risk management, pension product design, asset allocation, and pension security services to better meet the needs of the people for pension security and wealth management. The capital increase and shareholding of Allianz Investment will help further promote the improvement of shareholder structure and governance mechanism, continuously improve business management level, and consolidate the foundation of long-term stable development for the national pension system.

In March 2022, National Pension was established in Beijing with a registered capital of 11.15 billion yuan. It is one of the first professional pension insurance institutions to pilot both personal pension and commercial pension. In April of this year, National Pension once listed a capital increase project, intending to increase the registered capital by 227.55102 million yuan. The original shareholders will not participate in the capital increase, and the fundraising will be used to supplement the company's primary core capital and the development of the company's main business. After the capital increase is completed, the total shareholding ratio of the original shareholders of the company is 98%, and the shareholding ratio of the new shareholders is 2%.