Not a state-owned enterprise. According to Cai Xi's survey. Zhong Rui Life Insurance Company was established on June 30, 2023 with a registered capital of 56.5 billion yuan and its headquarters is in Beijing. It is jointly funded by Kyushu Qi Hang (Beijing) Equity Investment Fund (Limited Partnership) and China Insurance Guarantee Fund Co., Ltd. * *, and can only be established with the approval of China Banking Regulatory Commission. It belongs to a regular insurance company, and Zhong Rui Life is not a state-owned enterprise or a central enterprise, but a private enterprise. Insurance is a way of risk management. Insurance companies bear the economic responsibility for unexpected risks or accidents by paying a certain fee. When it suffers losses, the insurance company will compensate for the losses. Insurance plays an important role in modern society, providing people with a safe and stable living environment.