China's state-owned insurance companies: 1. PICC The People's Insurance Company of China Co., Ltd. (referred to as PICC) is a comprehensive insurance (financial) company, one of the world's top 500, and one of the largest insurance companies in the world. Registered

With a capital of 30.6 billion yuan, it is a very strong company in the global insurance industry.

The company logo is PICC in English.

As of 2013, it owns more than ten professional companies including PICC Property & Casualty, PICC Assets, PICC Health, PICC Life, PICC Investment, Huawen Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, PICC Brokerage, Zhongyuan Brokerage and PICC Property.

Subsidiary, PICC also holds a 32.35% stake in China Chengxin Trust.

The business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trusts, funds and other fields, forming an insurance and financial industry cluster with far-reaching influence at home and abroad.

2. China Life China Life Insurance Co., Ltd. was established on June 30, 2003. Its business scope includes life insurance, health insurance, accident insurance and other personal insurance businesses.

China Life Property & Casualty Insurance Co., Ltd. is a national professional property insurance company approved by the State Council, approved by the China Insurance Regulatory Commission, and co-sponsored by China Life Insurance (Group) Company and its subsidiary China Life Insurance Co., Ltd., with a registered capital of 8 billion yuan.

, the business scope includes property damage insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accidental injury insurance, reinsurance business of the above businesses, insurance fund utilization business permitted by national laws and regulations, and other businesses approved by the China Insurance Regulatory Commission.

3. China Export Credit Insurance China Export Credit Insurance Corporation, referred to as China Sinosure, is the only policy insurance company undertaking export credit insurance business in China. It was officially launched on December 18, 2001. It currently has 15 functional departments, and its business agencies include

The sales department of the head office, 18 branches and 6 sales management departments have formed a nationwide service network. It has a representative office in London, UK, and dispatched working groups to Russia, Brazil, South Africa and Dubai.

Since the establishment of the company, export credit insurance has increasingly played an increasingly important role in supporting China's foreign economy and trade.

Especially during the international financial crisis, export credit insurance gave full play to the leverage role of stabilizing foreign demand and promoting export transactions, helping the majority of foreign economic and trade enterprises to solve the problem of "fearless to accept orders" and "unable to accept orders". In "grabbing orders"

It has played an important role in securing orders and ensuring the market.

4. China Taiping Insurance Taiping Life has a long history. In November 2001, China Insurance (Holdings) Co., Ltd. (renamed China Taiping Insurance Group Company in June 2009, referred to as "China Taiping") fully recovered under the name of "Taiping Life"

Operates domestic personal insurance business.

After the resumption of business, "Taiping Life" is my country's sixth national life insurance company. Currently, the company has a registered capital of 6.23 billion yuan and is headquartered in Shanghai.

Taiping Life is the sixth national life insurance company in China. It has the most comprehensive product line among domestic life insurance companies and provides professional life insurance financial services to individuals and groups.

Taiping Life's life insurance services are divided into two categories: protection and investment. Hundreds of products cover various fields such as medical insurance, pension insurance, children's education insurance and accident insurance.

Taiping Life mainly sells insurance products through marketing models such as individual life insurance marketing (agent), bank agency, channel cooperation, Internet and telephone sales. In addition, Taiping Life has also established a professional pension company to expand the field of corporate annuities.

State-owned insurance companies are currently one of the main organizational forms of insurance companies in my country and occupy an important position in my country's insurance market. There are currently four major state-owned insurance companies in China: PICC, China Life, China Export Credit Insurance, and China Taiping Insurance.

State-owned insurance companies, also known as "wholly state-owned insurance companies" and "state-owned insurance companies", are insurance operating organizations invested and established by the state or the government. They are operated by the government or other public groups, and their operations may be for profit-making purposes.

A means of increasing fiscal revenue, the organizational form is an insurance organization that conducts commercial insurance; it may also be for the purpose of policy implementation without profit motive, and the organizational form is an insurance organization that conducts social insurance, etc.

Legal characteristics of state-owned insurance companies: 1. The state is the sole shareholder of state-owned insurance companies.

2. The state only assumes limited liability for the company to the extent of its capital contribution.

3. Institutions or departments that invest on behalf of the state must obtain state authorization.

4. State-owned insurance companies do not have shareholders’ meetings; 5. The articles of association of state-owned insurance companies are formulated by institutions or departments authorized by the state for investment, or drawn up by the company’s board of directors, approved by the institution authorized by the state for investment, and come into effect after being submitted to the China Insurance Regulatory Commission for approval.

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6. The personnel power of the four major vice-ministerial insurance companies is transferred to the Central Organization Department of the Central Committee of the Communist Party of China for appointment, and the China Insurance Regulatory Commission is responsible for supervision.