valued at $ 123.9 billion

Yesterday, the Xinhua life insurance company limited (hereinafter referred to as "new China life insurance") was held in Shanghai after the Shenzhen a-shares in the second listing road show tour. According to the participants to the Business Journal reporter that this Roadshow led by Xinhua life insurance He Zhiguang, President diablo 3 gold, to promote inquiry-oriented bodies, but the atmosphere run, various representatives of enthusiasm seems to be not too highGo up. Atmosphere of last warm the Roadshow site selection in Shangri-La Hotel, Xinhua life insurance IPO intermediaries for identity audit of participants who are also more strictly than others. On the tour, He Zhiguang pretty hard. But according to one of the participating securities analyst said, in a question and answer session, the participating representatives of the many bodies only mention three questions,One of the problems was repeatedly invited after being brought up by the host. How is the institutional investor's attitude towards new China life insurance work? This reporter learned that, at present around the Xinhua life insurance investment value, there are two major differences: one is represented by the fund companies, in their view, due to the current size of the new China life insurance without Kunihisa, ping an life insurance, tooBaorenshou, but a relatively small scale agencies become easier and more effective diablo 3 gold, so they are optimistic about the resulting performance growth.����In addition, the Xinhua life insurance raised was small, compared to traditional large stocks, share prices rose more worth looking forward to. Another is represented by insurance institutions, in their view, as far as the operational level, new China life insurance and ping an groupIntegrated financial platform cannot be compared, and the size of China cannot be equated its life insurance business compared with China, Pacific life it's hard to say what, so unspeakable "exceptionally good". Financing or 5 billion ~67 million shares from the Roadshow field of outgoing messages, Xinhua life insurance underwriters of one of the China International Capital Corporation Limited (hereinafter referred to as "gold"Offer) range $ 32.04 $ ~42.01/unit/share. According to the participants revealed that gold said in its study of investment value, a three-stage discount model year new business value to calculate the estimated value of the new China life insurance, came to the end of 2011, valued at $ 123.9 billion, valued at RMB 39.1 per share, after a different discount rate andSensitivity test of rate of return on investments, the main price interval at $ 32.04 $ ~42.01/unit/share.����Calculated according to the Xinhua life insurance a-shares do not exceed 158.54 million shares, Xinhua insurance shares amount raised between $ 5.08 billion to $ 6.66 billion. Multiple multiple embedded value and new business value, gold in new business value postedModel results of respectively 1.66~2.17 2011 and 8.5~15.2 embedded value multiples times 2011 multiple new business value.����Other sources say, another Xinhua life insurance underwriters UBS Securities given interval is $ 30.19 fair value of $ ~42.26/unit/share. Top selling four investment highlightsReporters learned that He Zhiguang Roadshow tour yesterday summarized the Xinhua life insurance on the four investments highlights: first, China's life insurance market with new China life insurance a good market opportunity. Second, new China life insurance has a leading position in the market, while the current market share ranks fourth, but the payment of a renewal of the insurance premiums higher than its main competitor over more than 10 billion yuan, soIs expected by the end of back to third place. Third, business advantage, according to He Zhiguang introduction, new China life insurance current institutions compared to other major competitors, at a disadvantage, but Taikang higher premium income, and Pacific life comparable to, which explains its proven history in institutional capacity.����IV, new China life insurance's experienced management team. For the next 5 yearsThe strategic development plan, He Zhiguang, said Xinhua life insurance new business value-oriented focus on core business, growth in new business value requirements shall take precedence over growth in premium income, growth in premium income of not less than 2~2.5 times GDP. While also focusing on the major business extension of old-age pension-related industries such as community development to adapt to the development of aging, but also in the next 5 yearsAbout 1000 institutions, within the existing institutional expansion in human. Bulletin information shows that the end of the new China life insurance a share the road show will be held today, and a preliminary inquiry will be held on November 28, at 3 o'clock in the afternoon. December 1, new China life insurance will publish the results of the preliminary inquiry and offer price interval notice, after the purchase of offline, online, and in December 20119th announcement of disclosure determined offering price. It is learnt that sell not more than 31.708 million shares under the net, 20% of the total number of this release; online sell no more than 126.832 million shares, 80% of the total number of this release.