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Introduction
of the Businesses of Shide Group in the Financial Sector
 Shide
Group began to enter the financial sector in 2000. It has
become either a minority shareholder or a controlling shareholder
of Sino Life Insurance Co. Ltd., China Pacific Insurance (Group)
Co. Ltd., INVESCO Great Wall Fund Management Co., Ltd., Dalian
City Commercial Bank and Pacific Finance Institute.
Sino Life Insurance Co.,
Ltd. was approved to be set up in 2000 as one of the specialized
insurance companies in China. Shide is one of the founders
and is one of the largest shareholders. Headquartered in Pudong
of Shanghai, Sino Life is cooperating with Tokyo Marine Fire
Insurance Co Ltd. of Japan for building up a nationwide sales
network.
China Pacific Insurance
(Group) Co. Ltd. is an insurance group originated from the
China Pacific Insurance Company founded in April 1991. It
was re-organized into a group of specialized operating companies
according to the statutory requirements for separation of
property insurance and life insurance businesses. Its subsidiaries
include China Pacific Property Insurance Co. Ltd., China Pacific
Life Insurance Co. Ltd., Pacific Aetna Life Insurance Co.
Ltd., China Pacific (H.K.) Co., Ltd. and overseas organizations
in London, New York and other places. The registered capital
of the Group is RMB¥4.3 billion. In 2003 Shide acquired 10%
shares of China Pacific Insurance and became one of the largest
shareholders.
 INVESCO
Great Wall Fund Management Company Limited is a Sino-foreign
joint-venture by Shide Group, INVESCO Asset Management Co.,
Ltd., Great Wall Securities and Kailuan Group. Headquartered
in Hong Kong and being a fully owned subsidiary of INVESCO
Group, INVESCO Asset Management Co. Ltd. manages an asset
portfolio of about USD15 billion. INVESCO Group is one of
the largest independent asset management corporations in the
world. The group is listed in London Stock Exchange, New York
Stock Exchange, Paris Stock Exchange, Frankfurt Stock Exchange
and Toronto Stock Exchange. By June 2002, the total assets
managed by the group reached USD364 billion. INVESCO Group
has become one of the largest fund management corporations
in Asia in these years.
Dalian City Commercial Bank
is a joint-stock bank. It has been developing fast in Dalian,
with businesses of deposit and loan, credit cards and other
general banking services. In 2001 and 2002, Shide Group made
two separate acquisitions of the shares of the bank and became
the largest single shareholder.
In early 2003, Shide Group,
along with five companies including China Pacific Insurance,
set up the Pacific Finance Institute aiming at training high-quality
professionals for the finance, insurance, fund management
and securities sectors in China.
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