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Chinese insurers are preparing a new wave of initial public offerings. New China Life, Taikang Life and Tianping Auto Insurance Co all aim to list in the near future. Other Chinese insurers, like China Reinsurance and The People's Insurance Co., are also seeking opportunities to be eligible for an IPO.
By way of listing, the insurance companies could get money to replenish their capital base, strengthen their repayment capability and plan for long-term growth. China has four listed insurers, China Life, Ping An Insurance, China Pacific Insurance and PICC property and Casualty.