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China Fund News reporter Yishan

More than three months after deregistering Tesla Insurance Brokerage Co., Ltd., Tesla recently took action again and established a new insurance brokerage company.

Tesla Insurance Brokers (China) Co., Ltd. was established

Tianyancha shows thatTesla Insurance Brokers (China) Co., Ltd.It was established on July 30, with Zhu Xiaotong as the legal representative and chairman, a registered capital of RMB 50 million, and its business scope being insurance brokerage business.

Shareholder information:Tesla Insurance Services Ltd.He holds 100% of the shares and is the company's controlling shareholder and actual controller.

Fund Jun noticed that Tesla Insurance Brokers (China) Co., Ltd. appeared in the enterprise name declaration and registration announcement issued by the State Administration for Market Regulation as early as July 5.

Before Tesla Insurance Brokers (China) Co., Ltd., Tesla established Tesla Insurance Brokers Co., Ltd. in August 2020, and its business scope is also insurance brokerage business. The registered address is the second floor of No. 5000 Jiangshan Road, Lingang New Area, China (Shanghai) Pilot Free Trade Zone, which is the location of Tesla's Shanghai Super Factory.

However, after its establishment, Tesla Insurance Brokers Co., Ltd. has not obtained an insurance brokerage license. In late March this year, the company was applied for simple deregistration, and on April 16, the company's status was officially changed from continued to deregistered.

In the auto insurance business, Musk once said that Tesla will launch cheaper, better, and even "revolutionary" auto insurance services. In the US market, Tesla's insurance products are mainly linked to the score of its safety system, that is, the safety system will score the owner's driving data and driving behavior, and the premium will also be adjusted with the change of the safety score.

In April this year, Tesla obtained the data security "green card", becoming the first foreign-funded automobile company in China to pass the relevant national standards.

Foreign institutions continue to increase their investment in the Chinese insurance market

In June this year, Li Yunze, Party Secretary and Director of the State Financial Regulatory Bureau, delivered a keynote speech entitled "Promoting the High-quality Development of the Insurance Industry to Promote China's Modernization Construction" at the Lujiazui Forum. He said that opening up to the outside world is an important driving force for the reform and development of China's financial industry. We will adhere to the equal emphasis on "bringing in" and "going out", continue to create a first-class business environment, and unswervingly expand the high-level opening up of the financial industry. We will steadily expand institutional opening up, study the relaxation of the scope of foreign shareholders of non-bank financial institutions, encourage qualified foreign institutions to participate in various business pilots, and support foreign institutions in China to deepen their roots in China and operate steadily.

In recent years, my country's insurance industry has accelerated its pace of opening up to the outside world, and foreign institutions have continued to increase their investment in the Chinese market.

In July this year, after two years of preparation, the Beijing branch of MANF Reinsurance Company, a global professional reinsurance company, was approved to open, bringing the number of foreign-funded reinsurance companies in my country to nine.

In June, National Pension announced that it plans to issue 227.551 million new shares, and the registered capital will increase from 11.15 billion yuan to 11.378 billion yuan. All new shares will be subscribed by the new shareholder Allianz Investment Co., Ltd.

In May, China National Petroleum Corporation Capital Co., Ltd. was approved to transfer the equity of Sino-Italian Property and Casualty Insurance Co., Ltd. After the transfer was completed, Generali Assicurazioni S.A. became the wholly-owned shareholder of Sino-Italian Property and Casualty Insurance Co., Ltd. Sino-Italian Property and Casualty Insurance Co., Ltd. also became another wholly foreign-owned insurance company after AIA Life, Allianz Life, HSBC Life and other insurance companies.

In addition, in January and March of this year, ERGO Insurance Brokers Co., Ltd.,BMW (China) Insurance Brokers Co., Ltd.After opening for business one after another, the two companies were simultaneously approved to engage in insurance brokerage business in November last year, becoming the only two professional insurance intermediary institutions to obtain insurance brokerage licenses in the past six years.

Editor: Xiaomo

Review: Xu Wen

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