On February 20, 2004, at 65438, Taiping Pension Insurance Co., Ltd. was officially approved to start business, becoming the first batch of professional pension insurance companies in China. The company is headquartered in Shanghai with a registered capital of 800 million yuan. On August 2, 2005, Taiping Endowment Insurance obtained the qualifications of corporate trustee and investment manager of the enterprise annuity fund of the Ministry of Labor and Social Security, becoming the first enterprise annuity fund management institution in China. The company is committed to providing customers with professional enterprise annuity services.