On October 13, 2000, China’s CITIC Group and the British Prudential Group established China’s first Sino-British joint venture life insurance company, Prudential Life Insurance Company, in Guangzhou, with an initial registered capital of 200 million yuan. , and increased to RMB 1.1 billion in 2006. In August 2003, Prudential Beijing Branch officially opened, becoming the first Sino-foreign joint venture life insurance company in Beijing. In September 2004, Prudential Suzhou Branch officially opened, becoming the first Sino-foreign joint venture life insurance company in Jiangsu Province. In March 2005, Prudential Life was approved by the China Insurance Regulatory Commission to prepare in Wuhan. In May 2005, Prudential Life Insurance Shanghai Branch officially opened for business with the approval of the China Insurance Regulatory Commission. From March to June 2005, the marketing service departments of Prudential Life Insurance in Foshan, Dongguan, Zhongshan and Shenzhen were officially opened for business. In July 2005, Prudential Life Insurance Nanjing Branch held a grand opening ceremony. In December 2005, Prudential Life Insurance Wuhan Branch officially opened for business with the approval of the China Insurance Regulatory Commission. In 2006, Jinan, Wuxi, Jiangmen and Changzhou branches will be opened soon. Since its establishment more than five years ago, we have actively explored the market, rapidly increasing the popularity and reputation of the Prudential brand, and continuously expanding our market share. By the end of 2005, the cumulative paid premiums of Prudential reached RMB 2.404 billion. Our goal in the next ten years is to complete business expansion in major provinces in China and become a life insurance company that combines strength, vitality and charm.

Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance