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Today (June 24), the top ten pension insurance companies in the "youngest" "national pension" (full name "national pension insurance Co., Ltd.") on its official website issued an information disclosure announcement, based on the end of last year's general meeting of shareholders on the capital increase and share expansion of the introduction of strategic investors, as well as the recent Beijing financial assets exchange public solicitation of investors results, "national pension" determined the German Allianz Group (Allianz SE) under the asset management institution - Allianz Investment Co., Ltd. (Allianz Global Investors GmbH (hereinafter referred to as "Allianz Global Investors") is the ultimate investor in the capital increase of "National Pension" (the funds will be derived from the own funds of "Allianz Global Investment").
When the "National Pension" was born in March 2022, there were a total of 17 founding shareholders, including 11 wealth management subsidiaries of banks, 1 state-owned capital operation company (Guoxin), 2 Beijing state-owned assets (Beijing Infrastructure Investment, Beijing Xicheng Capital), 2 securities companies (CICC, CITIC Alternative), and 1 insurance company (Taikang).
After the capital increase, the shareholders of "National Pension" will become 18, and the registered capital will increase from 11.15 billion yuan to 11.378 billion yuan, with "Allianz Investment" holding 2% of the shares.
When the "National Pension" was born, the registered capital (11.15 billion yuan) once ranked the highest among the 10 pension insurance companies. However, soon, "Ping An Pension" and "Taikang Pension" have completed capital increases, and the registered capital of "National Pension" ranks second among the top ten pension insurance companies.
In IIR's view, this is not only because behind "Allianz Investments" is one of the world's largest insurance groups with more than 130 years of history and experience, the German Allianz Group (founded in 1890, hereinafter also known as "Allianz"), but more importantly, this new foreign shareholder is actually extremely friendly to China and firmly optimistic about China's investment opportunities.
Allianz, which means "union" in German, was founded with fire and marine insurance. In 1974, Allianz created its first asset management business and expanded it through continuous acquisitions.
In 1998, Allianz established "Allianz Global Investors" (in 2004, Allianz integrated its own asset management business with the asset management business of Dresdner Asset Management Group and Dresdner RCM Global Investors to form today's Allianz Global Investors/Allianz Global Investors). In 2000, Allianz acquired PIMCO (Pacific Investment Management Co., Ltd.), the largest asset management company in the United States at that time; In 2011, Allianz decided to fully integrate a number of investment management companies, which have since formed two independent asset management companies – Allianz Global Investors and PIMCO.
In 2018, Allianz Capital Partners merged into Allianz Capital Partners to develop its investment capabilities in the private equity market and in the renewable energy sector.
Today, Allianz Global Investors has more than 600 investment professionals in more than 20 offices around the world, managing 553 billion euros in assets for individuals, families and institutions (as of March 31, 2024, the same below), equivalent to about 4.31 trillion yuan. Among them, the AUM of the private investment market reached 93 billion euros, accounting for about 17% of the AUM.
Allianz Global Investors entered Hong Kong in 1983 to start its business in the Greater China region, and after more than 40 years, they are still very optimistic about investment opportunities in China. Today, Allianz Global Investors' official website still has various columns and themes in China, analyzing and introducing how to seize investment opportunities in China.
On the one hand, Allianz Investors is actively linking global funds to find investment opportunities in China, and on the other hand, as the investment starting point of the German Allianz Group outside China's insurance industry, it has also been actively assisting Allianz to increase the layout of China's insurance and asset management business in the past two years.
As far as the insurance business of Allianz Group is concerned, on November 18, 2019, Allianz (China) Insurance Holdings Co., Ltd. (hereinafter referred to as "Allianz China Holdings"), China's first wholly foreign-owned insurance holding company 100% owned by Allianz SE, was officially registered and established (with a registered capital of RMB 2.718 billion, and after two rounds of capital increase, the current registered capital is RMB 4.404 billion), and in 2021, it is an insurance asset management company wholly owned by "Allianz China Holdings". "Allianz Insurance Asset Management Co., Ltd." was officially launched (with a registered capital of 500 million yuan), and the life insurance company of Allianz Insurance Co., Ltd. (formerly known as "Sino-German Allianz Life") has also become the first life insurance company in China to be converted into a wholly foreign-owned company - "Allianz Life Insurance Co., Ltd." (currently "Allianz China Holdings" is 100% owned by "Allianz China Holdings" with a registered capital of 2 billion yuan).
On August 24, 2023, the China Securities Regulatory Commission approved Allianz Global Investors GmbH to establish "Allianz Fund" (full name "Allianz Fund Management Co., Ltd."), officially registered on September 13, 2023, with a registered capital of 300 million yuan), and on April 18, 2024, Allianz Global Investors GmbH was officially approved to open, becoming the first German wholly foreign-owned public fund in China.
The investment of "Allianz Investment" in "National Pension" will add a new professional pension insurance company in addition to Allianz's life insurance and property insurance in China (Allianz's holding joint venture property insurance company "JD Allianz Property Insurance"), and this cooperation will also bring international vision and professional experience to "National Pension".