China Taiping insurance is a central enterprise and a state-owned enterprise. China Taiping refers to China Taiping Insurance Group Co., Ltd., the first multinational financial insurance group company in China. Founded in 1929, its shareholders include the Ministry of Finance (90% equity) and the National Social Security Fund Council (10% equity). Therefore, China Taiping is a central financial enterprise, all central enterprises are state-owned enterprises, and China Taiping Insurance Company is also a state-owned enterprise. China Taiping Insurance Company is a national insurance brand, which originated from three national brands: Taiping Insurance, China Insurance and Min 'an Insurance. Its business scope covers many places, covering Chinese mainland, China, Hongkong, China, Macau, China, Europe, Oceania, East Asia and Southeast Asia.