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Is Zhong Rui Insurance a State-owned enterprise?
Zhong Rui Life Insurance Company is not a state-owned enterprise, but a private enterprise.

Zhong Rui Life Insurance Company is a professional life insurance company, established in 1956. Headquartered in Shanghai, it is one of the largest life insurance companies in China.

However, life insurance companies are not only state-owned enterprises, but also central enterprises. According to the authority of state-owned assets management, state-owned enterprises are divided into central enterprises and local state-owned enterprises. That is, local state-owned enterprises and central enterprises are state-owned, and life insurance company, namely China Life Insurance Co., Ltd., is a state-owned enterprise at the deputy ministerial level.

insurance company

Zhong Rui Life Insurance Company focuses on providing customers with comprehensive life insurance services, including individual life insurance, group life insurance, health insurance, accident insurance and critical illness insurance. Zhong Rui Insurance Company is an insurance company authorized to engage in the construction industry. Approved by China Banking and Insurance Regulatory Commission, it is established by insurance protection fund companies and other investors. After the establishment of Zhong Rui Insurance, it will take over Huaxia Insurance according to law, that is, it will take over the assets and liabilities of Huaxia Insurance, and its institutions, outlets and personnel will also take over.

China PICC is a comprehensive insurance company with the full name of China People's Insurance Group Co., Ltd., which was established in 1949. It is one of the top 500 enterprises in the world and belongs to the central financial enterprise. It owns more than ten professional subsidiaries such as PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Wenhua Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, Huaxia Broker, Zhongyuan Broker and PICC Property Insurance.