China Life Insurance (Group) Company has 8 first-class subsidiaries and 1 subsidiary. The business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields, and at the same time, it enters securities, trust, futures, real estate and other industries through strategic equity participation.
The subsidiaries of China Life Insurance (Group) Company are introduced as follows:
1. China Life Insurance Co., Ltd. is a leading enterprise in the domestic life insurance industry with a registered capital of 28.265 billion yuan. As a core member of China Life Insurance (Group) Company, a Fortune 500 company and a Fortune 500 company, the company has won the trust of the most extensive customers in the society with its long history, strong strength, professional leading competitive advantage and world-renowned brand, and has always occupied the position of a leader in the domestic insurance market, and is known as the "mainstay" of the insurance industry in China.
2. Established in 1988, Guangfa Bank Co., Ltd. is one of the first joint-stock commercial banks in China. In 20 16, China Life became the single largest shareholder of Guangfa Bank. Adhering to the core values of "honesty, responsibility, innovation and persistence", China Guangfa Bank keeps in mind the historical mission of "serving customers, repaying shareholders, achieving employees and contributing to society", practices the service concept of "knowing ourselves and serving you wholeheartedly" and strives to achieve the strategic goal of "becoming a national first-class commercial bank".
3. China Life Asset Management Co., Ltd. is one of the largest institutional investors in the domestic capital market and an important participant in the money market, playing an important role in the China stock market, fund market and bond market. At present, it has the qualification of "full license" in the field of asset management, and has set foot in domestic and foreign open markets, Public Offering of Fund, alternative investment and other fields.
China Life Property Insurance Co., Ltd. is a national professional property insurance company. Fully relying on the comprehensive management advantages of China Life Insurance Group, actively adapt to the "new normal" of economic development. It has steadily grown into a property insurance market entity with strong competitiveness and influence, and its comprehensive strength ranks in the forefront of the property insurance industry.
5. China Life Pension Insurance Co., Ltd. is a national professional pension insurance company with the strongest strength, the widest service network and the highest degree of specialization in China, and has the qualifications of trustee, account manager and investment manager of enterprise annuity fund recognized by Ministry of Human Resources and Social Security. The company fully participates in the construction of the three pillars of the old-age security system and is a leading enterprise in the insurance industry.
6. China Life E-Commerce Co., Ltd. was established in Beijing on February 6, 20 13. It is a wholly-owned subsidiary of China Life Insurance (Group) Company. It is also the first e-commerce company formally established in the domestic insurance industry after the release of the State Council's Opinions on Promoting Information Consumption and Expanding Domestic Demand.
7. China Life Insurance (Overseas) Co., Ltd., headquartered in Hongkong and Macau, is an international window for China Life to expand its overseas business. It has a history of 25 years in Hong Kong and 30 years in Macau. It is the largest state-owned life insurance company in Hong Kong and Macao, and the only professional life insurance company named after China. The business covers life insurance, investment and trust, and provides professional and high-quality products and services to overseas customers.
8. China Life Investment Holdings Co., Ltd. is a professional alternative investment management company under China Life Insurance (Group) Company, and its business scope covers equity investment, medical and health investment, pension investment, real estate investment, infrastructure investment, assets and enterprise management. In recent years, investment performance and investment brand rank in the forefront of the industry, becoming a practitioner of value investment and a leader in the domestic alternative investment industry.
9. China Life Health Industry Investment Co., Ltd. is a professional investment management company under China Life Insurance (Group) Company.
10, Insurance Vocational College, formerly known as China Insurance Management Cadre College, was founded in 1986 and belongs to China Life Insurance (Group) Company. In 2003, the college was transformed into a higher vocational college, which is the only full-time general higher vocational college specializing in insurance education in China.