VIEWS: 3 PAGES: 3 POSTED ON: 9/28/2010
Happy Life, "opening" imminent Meng Xiaosu "missionary Reverse Mortgage" ?? ??This time, Meng Xiaosu has received a possible "mission" of the platform. Recently, some media reports, former president of the Central Housing Group, Meng Xiaosu preparation, in the room, Shanxi Datong Coal Industry and the Cinda Asset Management Company holding the well-being Life Insurance Company has recently received all regulatory approvals, and building a close working end. "The latest listing in October." Company sources. When the reporter called Meng Xiaosu, he said: "To another month before any substantial movement." Seems to coincide with the October listing. Meng Xiaosu celebration was undoubtedly the best I should. This no doubt means that he eventually finding long brewing the "Reverse Mortgage" will be officially have an operational platform. Previously, Meng Xiaosu has on many occasions confirmed that the CIRC has initially approved by the insurance company as a "Reverse Mortgage" mode of operation of the entity. Happy Life, "listed" "Insurance Regulatory Commission authorized the insurance company as a 'Reverse Mortgage' mode of operation of the entity, the happiness of the original shareholders to raise the insurance has not been completed, company registration and other preparations." Meng Xiaosu said, so there is no access to formal approval process. Now, everything is ready, Dongfeng also will play. According to informed sources, the happy life was held on August 8 build the General Assembly, the company planning is almost complete. It is reported that the start will be happy life insurance business mainly, but not limited to life insurance business to the future, in the company after a period of formal operations, the company will gradually expand to the property and casualty insurance businesses. The future happiness of life will actively use the resources of the Group, the development of enterprise annuity business. It is worth noting is listed Cheng Li Hou customers Qunti will focus on corporate customers and happy life that the early preparation Jihuafazhan Gerenyewu to be different, and happy life of positioning will Leisi Yu Sinopec and Italy, the Italian Assicurazioni Hezi life. The industry believes that this is one of the shareholders - Cinda's resources focused on business-related, personal finance advantage is not obvious. But the customer base is targeted at corporate customers will not be detrimental to an individual consumer market players in the "Reverse Mortgage" business start? "Down the mortgage insurance is also still being studied, it all, etc. Shiawase Life put into operation and we have to be with a result." Meng Xiaosu Biaoshi. Happy Life Insurance Company as early preparation in February 2006, the first promoter is the China Enterprise Confederation and China Entrepreneurs Association, was to be home by the number of the member units of enterprises set up a joint venture, registered capital of 530 million yuan. But later, as the lead of many new insurance companies as shareholders funds as conditions change and business ideas in a variety of reasons, some shareholders began pulling the preparation group had to find new shareholders. At present, the happy life of the shareholders include the China Real Estate Development Group, Shanxi Datong Coal Industry Company and its subsidiaries over the letter. Which, Cinda companies have jointly funded 600000000 yuan shares, making it absolute control. Meng Xiaosu the "Reverse Mortgage" dream Back in March of this year, Meng Xiaosu on the media have openly expressed, happy life are also being developed to develop the "housing pension" insurance specific mode of operation. "Insured requirement is 62 years old or older, will house property mortgaged to the insurance companies, insurance companies pay a monthly benefit payment to the insured until the insured dies, the insurance company to recover the house, to sell, rent or auction." Meng Xiaosu said. In fact, from the end of 2006, Meng Xiaosu in the "Reverse Mortgage" outcries, so in the "Reverse Mortgage" in the field, Meng Xiaosu more like a real estate finance area, "missionary." March 2006, Nanjing Tangshan Hot Spring Park project had to stay in the country's first launch of the mortgage down the nature of the "room-for-support" initiatives. In addition, the Agricultural Bank of China as early as 2023 had already started before the "Reverse Mortgage" study, but because too difficult to implement, has not been implemented. "This product introduction has been facing financial difficulties. One of the biggest obstacles, not from the market, but financial institutions hesitant." Meng Xiaosu that, there is the risk of falling house prices and the financial institutions concerned. After the market disruption in the promotion of products, coincides with the China Insurance Regulatory Commission approval "Reverse Mortgage" mode of operation of the entity. Thus, Meng Xiaosu decided to set up a special happiness life insurance company as a platform for development of "Reverse Mortgage" insurance. Today, the happiness life soon "listing", which undoubtedly indicates, Meng Xiaosu finally have a moment that can carry "Reverse Mortgage" cradle. Link back mortgage, also known as "Reverse Mortgage Loan" in our country first put forward in 2003 by the Meng Xiaosu. According to his program, the insured can property rights as collateral, receive cash from insurance companies on a monthly basis until death. This is equivalent to the insurance company by installments (monthly payment) form, buy the insured's property rights, in turn, similar to home mortgages do. ?
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