GDD increases investment in Dinghe Insurance

Guangzhou Development District Investment Group signed an agreement with China Southern Power Grid on Dec 22 to increase its investment in Dinghe Insurance.

Upon approval by supervisory authorities, Guangzhou Development District Investment Group will become the second-largest shareholder of Dinghe Insurance with a share of 15 percent.

The increased investment will flow into green energy sectors such as new energy, offshore wind power, hydropower, and pumped storage to support China's goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

Guangzhou Development District Investment Group is a State-owned enterprise and major industrial investment and operation platform in the Guangzhou Development District (GDD). It is committed to equity investment in strategic emerging industries like information technology, artificial intelligence and biopharmaceuticals.

Guangzhou Development District Investment Group is a State-owned enterprise and a major industrial investment and operation platform in GDD.

Dinghe Insurance was founded in May 2008 with a registered capital of 3.02 billion yuan ($473.8 million). It is a professional property insurance company that has provided guarantees to around 7.53 million customers and about 28 trillion yuan in assets. 

Share - WeChat