|
|
| 1931 |
CIHC (largest shareholder and parent company
of CIIH) founded in Shanghai |
| 1949 |
CIHC nationalized and made a subsidiary of
PICC |
| 1992 |
CIHK (immediate holding company of CIIH)
founded in Hong Kong and becomes the holding company for all of PICC's operations in Hong Kong and Macau |
| 1999 |
State Council disbands monopoly of PICC and
organizes PICC's overseas operating assets under CIHC |
| 2000 |
CIIH established and listed on the Hong Kong
Stock Exchange, the first PRC-related insurance company to become publicly-listed |
| 2001 |
CIIH Shanghai Office opened and begins
assisting on customer liaisons and market contacts; |
|
CIHC reactivates nationwide life and
property/casualty insurance licences for TPL and TPI, respectively; |
|
CIIH completes acquisition of 50.05% of TPL
and 30.05% of TPI; |
|
CIIH issues 371 million new shares with net
proceeds of HK$1,159 million |
| 2002 |
CIIH issues 51.62 million new shares with net
proceeds of HK$201 million |
| 2003 |
CIIH injects capital of HK$236 million into TPL;
|
|
CIIH issues US$175 million of 10-year Guaranteed Notes yielding 5.8% |
| 2004 |
CIIH injects capital of HK$628 million into
TPL; |
| ¡@ |
CIIH injects capital of HK$236 million into TPI and acquires an additional equity interest of 9.975% |
| 2006 |
Both TPL and TPI achieve operating profits for
the first time; |
|
CIIH issues 63.75 million new shares with net
proceeds of HK$515 million |
| 2007 |
CIIH injects capital of HK$124 million into TPI;
its equity interest of 40.025% in TPI
remains unchanged |
| 2008 |
CIIH injects captial of HK$303 million into TPI. After the approval, CIIH's equity interest in TPI will increase from 40.025% to 50.05% and will become the consolidated subsidiary of CIIH |
| 2009 |
CIIH completes acquisition of 51.34% of The Ming An (Holdings) Company Limited ("MAH") from TPG (HK). MAH became the consolidated subsidiary of CIIH; |
|
CIIH changed its name to China Taiping Insurance Holdings Company Limited ("CTIH"); |
|
CTIH completes acquisition and privatisation of MAH, MAH became a wholly-owned subsidiary of CTIH; |
|
CTIH contributes captial of RMB700 million (approximately HK$795.30 million) into TPL |
|
|
|
Notes: |
CIHC changed its name to China Taiping Insurance Group Co. ("TPG") at the end of June 2009
CIHK changed its name to China Taiping Insurance Group (HK) Company Limited ("TPG (HK)") at the end of June 2009 |