On December 31, 2014, China Insurance Regulatory Commission officially approved the capital increase matters of Happy Life Insurance Company Limited. Sanpower Group invested to become the second largest shareholder of Happy Life, as well as the largest private shareholder.

Lately,  Sanpower Group has spent one billion yuan to buy into Happy Life. After this capital increase and share buying, Sanpower Group has held approximately 12.39% of Happy Life's shares, becoming the second largest shareholder. Its major shareholder is China Cinda Asset Management Co., Ltd.

Happy Life was founded in 2007, mainly engaged in various types of personal insurance businesses including life insurance, health insurance, accident insurance, etc. Presently it has set up 22 branch offices in Beijing, Shaanxi, Shenzhen, Hunan, Anhui, Shanghai, etc., and has initially completed a nationwide sales network layout. After raising new capital, Happy Life will hopefully further improve its national layout and realise information layout.

Over the years, Sanpower has been actively developing the financial industry, and has initiated the establishment of numerous financial enterprises including Huitong Guaranty, Hongtu Micro Loans, Long’an Lease, Zijin Lease, Zijin Factoring, House Stone, etc., and purchased Shanghai Tongren Insurance Brokers Co., Ltd. (Tongren Insurance Brokers). In addition to Happy Life, it also took stakes as a key private shareholder in many famous financial enterprises including Bank of Jiangsu Co., Ltd. (Bank of Jiangsu), Huatai Securities Co., Ltd. (Huatai Securities), Nanjing Securities Co., Ltd. (Nanjing Securities), Zijin Trust Co., Ltd. (Zijin Trust) and Jintai Futures Co., Ltd. (Jintai Futures); meanwhile develops in-depth cooperation with Sequoia Capital, Softbank Asia Infrastructure Fund, Oriental Fortune Capital, Hina Fund, Jiangsu Govtor Capital and many other well-known funds at home and abroad.  In October 2014, it co-established China-Korean Industry Investment Fund with KTB Ventures. It is expected to exceed $3 billion with its first-phase fund no less than $100 million.

Currently, Sanpower Group is jointly establishing West Life Insurance Company with Qinghai provincial government and making preparation to co-sponsor Jinling Bank together with Yurun Group, meanwhile setting foot in multiple financial fields, such as consumer finance, supply chain finance, Internet finance, all of which further optimise the Group’s layout in financial sector and create favourable conditions for the coordinated development of all sectors of the Group as a whole.