China People's Property Insurance Co., Ltd. was established by China People's Insurance Group Company in July 2003 with the consent of the State Council and the approval of China Insurance Regulatory Commission, with a registered capital of12,255.98 million yuan. Its predecessor was China People's Insurance Company, which was approved by the People's Bank of China and reported to the State Council Finance and Economics Committee on120. Fortune 500 companies.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.