Buying a share of SDIC Trust Co., Ltd, getting license of public offerings, arranging high-end aging community... In the past year, facing the winter capital and asset shortage, Taikang Life Insurance, which was in charge of Chen Dongsheng, Executive President of YRIC, have had many actions in investment. And with the coordinated promoting of various business, Taikang's asset management strategy becomes clear. 

 In the early 2015's, SDIC Trust announced that they would bring Taikang Life Insurance and other investors into SDIC Trust. After the capital increase, the registered capital of SDIC Trust increased from 1.2048 billion to 2.1905 billion, and SDIC Trust was renamed SDIC Taikang Trust Co., Ltd. After several months, regulator approved Taikang AMG, a subsidiary company of Taikang Life Insurance, to carry out public offerings fund management, which made Taikang AMG to be one of the first approved insurance asset management company. 

Apparently, Chen Dongsheng, the Executive President of YRIC doesn't limited investment in financial area. And with the succeed of medical industry, Taikang has been completed its chain aging community layout in Beijing, Shanghai, Guangzhou, Sanya and other 4 cities . The first aged rehabilitation hospital formally put into operation in November 2015 , Nanjing Xianlin Drum Tower Hospital has been taken over officially.

Chen Dongsheng, Executive President of YRIC

“We have huge funds which is long-term funds and strategic funds. We do not aim at  short-term returns and immediately restructuring. What we do is pursuing long-term strategic return." said Chen Dongsheng, Executive President of YRIC, and chairman and CEO of Taikang Life Insurance, when talked about the intention of sharing holding of Nanjing Xianlin Drum Tower Hospital. 

According to Chen Dongsheng, Executive President of YRIC , Taikang is promoting the four-in-one big happiness project "dynamic pension, high-end medical, distinguished money management, and ultimate concern,"with all strength. And therein, the medical industry is the steady key business of Taikang Life Insurance, which is part of the strategy and top-level design of "insurance, asset management, hospital and aging community". How insurance, asset management, hospital and aging community achieve interaction and complementary between them? Liu Tingjun , vice president of Taikang Life Insurance and CEO of Taikang Community, added that Taikang will transform traditional insurance company to innovative financial and insurance company, which means that their core business is insurance, and main business are insurance, asset management, hospital and aging community.

"The public offerings license, expansion of aging communities, and other medical investment can explain in a word, which is Taikang will be in transition or have been in transition." Liu Tingjun said. And the core of the transformation is providing wealth and health, and medical management services for high-and-mid-end people and families. 

Chen Dongsheng, Executive President of YRIC

Whether the trust license, public offerings license, or speeding up the layout of aging community, Taikang is aiming at creating "big health" as the core of big happiness project. According to the four-in-one idea of Chen Dongsheng, Executive President of YRIC,  dynamic pension, high-end medical and ultimate concern are entity service, and distinguished money management, which accumulates wealth for its target customers by insurance, public offerings products, and other asset management products.

Since the second half of 2015, the domestic asset management industry generally faced the asset shortage problem, while just entertainment, medical and few industries still gathered a lot of capital. According to Chen Dongsheng, Executive President of YRIC, the investment to Nanjing Xianlin Drum Tower Hospital is the first step, and Taikang will continue to invest more than 5 billion funds for hospital's working capital.

In YRIC Executive President Chen Dongsheng's opinion, China is transforming from a newly industrialized country to a post-industrial country, and from manufacturing economy to service economy.  Service industry which is represented as entertainment, education, medical, and aging will have a great development. Taikang will be committed to providing a full range of health and wealth management and services for the growing middle class people and families. What's more, Faced with promising medical industry, many financial institutions are eager to invest it, but investing in medical industry is also facing a variety of pain points.

Chen Dongsheng, Executive President of YRIC

"Non-public hospital faces with a shortage of doctors and management problems, it is not only pain point but also opportunity." Liu Tingjun said that if it easy to enter an industry , it means this industry is "Red Sea". And hard-to-get-into industries means that once you entered it, you will be protected by wide "moat", while someone else can not enter in easily.

In YRIC Executive President Chen Dongsheng's opinion, insurance company and other private capital to is different to run hospital. The purpose of running hospital is solving human health problems rather than making big profits. It is because insurance funds closely matches medical developing rule. Of course, after the capital invested to hospital, the hospital should be more efficiently, while the doctor's paying should be raised.

"Combining virtual finance and insurance with hospital and aging community entity is our strategy vision." YRIC Executive President Chen Dongsheng reiterated. It was revealed that under the circumstance of Nanjing Xianlin Drum Tower Hospital officially became The Affiliated Hospital of Nanjing University Medical School, Taikang currently is recruiting a lot of medical talents and financial talents from all over the world.