Cathay Life increases capital by RMB 1 billion in Lujiazui Cathay Life Insurance to support business development
Cathay Life announced today that based on confidence in long-term development, it will participate in the capital increase of Lujiazui Cathay Life Insurance Co., Ltd. with a 50% shareholding ratio, agreeing to inject RMB 1 billion (approximately NTD 4.6 billion) into Lujiazui Cathay Life Insurance to support future business growth needs.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 21:11
- 🔍 Collected: April 28, 2026 at 21:32 (20 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 21:36 (4 min after Collected)
Central News Agency
(Central News Agency reporter Su Ssu-yun, Taipei, 28th) Cathay Life Insurance announced today that, based on its confidence in long-term development, it will participate in the capital increase of Lujiazui Cathay Life Insurance Co., Ltd. with its 50% shareholding. It has agreed to inject RMB 1 billion (approximately NTD 4.6 billion) in cash into Lujiazui Cathay Life Insurance to support future business growth needs.
Cathay Financial Holdings held a major information press conference at 4 p.m. today, where Cathay Life Insurance Vice President Cheng Shao-kai explained the company's announcement to participate in the RMB 1 billion capital increase of Lujiazui Cathay Life Insurance based on its shareholding ratio.
Cheng Shao-kai stated that the board of directors today approved the capital increase in Lujiazui Cathay Life. Lujiazui Cathay Life is a life insurance company in which Cathay Life Insurance has an equity investment in mainland China. Since its establishment, its asset scale has continued to expand, and premium income has grown steadily. Even amidst overall economic fluctuations and during the pandemic, its overall business maintained growth momentum, and its investment return rate was among the top in the industry, demonstrating its solid foundation for development.
Cheng Shao-kai pointed out that considering the interest rate fluctuations in the mainland Chinese market in recent years, the insurance industry has become more cautious in liability valuation, leading to increased demand for reserve provisions. Furthermore, as Lujiazui Cathay's premium scale expands, its capital demand also increases. Based on Cathay Life's confidence in Lujiazui Cathay's long-term development, and to strengthen its capital strength, enhance financial resilience, and meet future business growth needs, Cathay Life therefore supports this capital increase plan to maintain a good solvency level and promote stable long-term development.
Cheng Shao-kai said that Cathay Life Insurance will participate in this capital increase plan with a 50% shareholding ratio, expecting to invest RMB 1 billion. Overall, the impact on Cathay Life Insurance's capital structure is limited and will not affect the company's stable operations or existing shareholding ratio. This transaction will proceed after obtaining approval from the Financial Supervisory Commission's Insurance Bureau and the Ministry of Economic Affairs' Investment Commission. (Editor: Lin Shu-yuan) 1150428
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(Central News Agency reporter Su Ssu-yun, Taipei, 28th) Cathay Life Insurance announced today that, based on its confidence in long-term development, it will participate in the capital increase of Lujiazui Cathay Life Insurance Co., Ltd. with its 50% shareholding. It has agreed to inject RMB 1 billion (approximately NTD 4.6 billion) in cash into Lujiazui Cathay Life Insurance to support future business growth needs.
Cathay Financial Holdings held a major information press conference at 4 p.m. today, where Cathay Life Insurance Vice President Cheng Shao-kai explained the company's announcement to participate in the RMB 1 billion capital increase of Lujiazui Cathay Life Insurance based on its shareholding ratio.
Cheng Shao-kai stated that the board of directors today approved the capital increase in Lujiazui Cathay Life. Lujiazui Cathay Life is a life insurance company in which Cathay Life Insurance has an equity investment in mainland China. Since its establishment, its asset scale has continued to expand, and premium income has grown steadily. Even amidst overall economic fluctuations and during the pandemic, its overall business maintained growth momentum, and its investment return rate was among the top in the industry, demonstrating its solid foundation for development.
Cheng Shao-kai pointed out that considering the interest rate fluctuations in the mainland Chinese market in recent years, the insurance industry has become more cautious in liability valuation, leading to increased demand for reserve provisions. Furthermore, as Lujiazui Cathay's premium scale expands, its capital demand also increases. Based on Cathay Life's confidence in Lujiazui Cathay's long-term development, and to strengthen its capital strength, enhance financial resilience, and meet future business growth needs, Cathay Life therefore supports this capital increase plan to maintain a good solvency level and promote stable long-term development.
Cheng Shao-kai said that Cathay Life Insurance will participate in this capital increase plan with a 50% shareholding ratio, expecting to invest RMB 1 billion. Overall, the impact on Cathay Life Insurance's capital structure is limited and will not affect the company's stable operations or existing shareholding ratio. This transaction will proceed after obtaining approval from the Financial Supervisory Commission's Insurance Bureau and the Ministry of Economic Affairs' Investment Commission. (Editor: Lin Shu-yuan) 1150428
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Text, images, and videos on this website may not be reproduced, publicly broadcast, transmitted, or used without authorization.