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Yurun Finance

On Aug. 23, 2011, Luo Zhijun, secretary of Jiangsu Provincial Party Committee, Wu Dingfu, former chairman of China Insurance Regulatory Commission, and Li Xueyong, governor of Jiangsu Province, jointly unveiled the nameplate, announcing the formal business start of Li’an Life Insurance Co., Ltd. It is the first corporate life insurance company established by Jiangsu for creating a powerful province of finance.

Yurun is the sponsor and the first largest stockholder of Li’an Life Insurance. In 2012, Li’an accumulatively provided insurance guarantee of RMB161.3 billion for 830,000 person/times, and realized a premium income of up to RMB1.443 billion; in 2013, it accumulatively provided insurance guarantee of RMB521 billion for 1,320,000 person/ times, and realized a premium income of up to RMB2.253 billion, ascending into the first places in the Jiangsu life insurance market!

In future, Li’an Life Insurance will adhere to the mission of “benefiting the county and giving peace to people”, provide services for the whole nation by keeping a foothold in the Yangtze River Delta, and put forth effort to grow into a modern insurance group with core competitiveness.

Also, Yurun has established Yurun Guoding Finance Holdings Limited in Hong Kong. By using the unique advantages of Hong Kong as an international financial center, YGD exerts special function for the major business board to march into international markets, and for introducing funds, technologies and talents.