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The company is headquartered in Beijing and has 34 provincial branches, 181 central branch companies, and 1,033 marketing service departments across the country.

At present, Central Huijin Corporation controls New China Insurance, and New China Insurance has been nationalized.

Nearly two years after the National Insurance Guarantee Fund spent 2.7 billion to acquire 38.815% of New China Life’s equity, Central Huijin Investment Co., Ltd.’s takeover of New China Life was finally approved by the State Council.

Once the equity transaction is completed, New China Life will transform from private holding to a state-controlled insurance company.