Second, the listing of a company in the two places is conducive to the expansion of the company's financing channels, and of course it also requires high management standards for the company. Internationally, such as HSBC and Mercedes-Benz are listed on two stock exchanges at the same time, while domestically, such as Bank of China and Agricultural Bank of China are also listed in both places.
Third, there was Pacific Insurance before it became a group after a certain scale, and the predecessor of Pacific Insurance was the Insurance Department of Bank of Communications.
Extended data:
China Pacific Insurance Company, a joint-stock insurance company established by Bank of Communications, was approved by the People's Bank of China (Yin Fu [19 1]149) in1,and the company was registered in the State Administration for Industry and Commerce on May 3, 2003. 1995 After capital increase, division and re-standardization, on August 3, 20061day, China Pacific Insurance Company was standardized as a joint stock limited company according to the Company Law and the Insurance Law, and changed its name to "China Pacific Insurance". After capital increase again in 2002, foreign capital introduction and capital increase in 2007, on May 17, 2007, the CIRC agreed to change the registered capital of the company to 6.7 billion yuan. On June 4th, 2007, the Company renewed the Business License of Enterprise as a Legal Person, and the registered capital was changed to 6.7 billion yuan. In May 2007, CPIC Group increased its capital to CPIC Life Insurance and CPIC Property Insurance respectively, and the registered capital of CPIC Life Insurance and CPIC Property Insurance increased to 2.3 billion yuan and 2.688 billion yuan respectively. Taibao Group holds 97.83% shares of Taibao Life Insurance and 98. 14% shares of Taibao Property Insurance.
References:
China Pacific Insurance Company Baidu Encyclopedia