Jan. 22, 2007 (China Knowledge) - Central Huijin Investment Co., a State-owned investment company, has given China’s largest re-insurer a capital injection of US$4 billion, most likely to bulk up the re-insurer’s capital strength for a listing this year. 

According to a Xinhua report, the sum of money is to help replenish the reinsurer's capital strength to meet a huge domestic insurance demand and power an expected listing in the stock market. With a registered capital of RMB 3.9 billion before the injection, the utmost value of insurance that China Re could provide was RMB 16 billion.

China’s growing reinsurance market is expected to have a value of RMB 100 billion by 2010, according to the CIRC.

China Re is the first insurer in China to get a capital injection from Huijin, which usually invests in banks to  help them list. Should China Re’s listing go through, it will be the first State-owned insurer to become a shareholding company.