China PICC is a central enterprise and a state-owned enterprise. According to official website information of the State Administration for Industry and Commerce, all the capital of PICC China is invested by the state and owned by state-owned enterprises. It is an organization, central enterprise and state-owned enterprise established according to law to engage in production and business activities. China People's Insurance Group Co., Ltd., hereinafter referred to as PICC China, was established in 1949. Is a comprehensive insurance company, one of the top 500 in the world and one of the largest insurance companies in the world. Its main business scope includes property insurance, life insurance, health insurance, asset management, insurance brokers and funds, and it owns many subsidiaries such as PICC P&C insurance in China, PICC health insurance, PICC investment, PICC Hong Kong and Macao economy, etc.