CHINA RE PLANS SEPTEMBER LISTING SAY STATE MEDIA

China Reinsurance (Group) Co is looking to undertake an initial public offering this September, according to China Business News , an official publication. “The state council has approved China Reinsurance’s restructuring plan, and the company is expected to list all its assets on the stockmarket in September”, according to an unidentified official quoted in the journal. China Re recently received a $4bn capital injection from Central Hujin Investment, a state-backed investment company. China Re has been thought likely to seek a dual listing in Hong Kong and Shanghai. Currently fully state-owned, the reinsurer has hired CITIC Securities and China International Capital Corp as financial advisers.