Xinhua Trust is a trust company approved by China Securities Regulatory Commission. It is a financial institution under Xinhua Group, but it is not directly related to Xinhua Life Insurance. Xinhua Life Insurance is a subsidiary of China Life Insurance (Group) Company, mainly engaged in insurance business. There are obvious differences between them in business scope and management structure. Therefore, Xinhua Trust has nothing to do with Xinhua Life Insurance.
In addition, Xinhua Trust and Xinhua Life Insurance also overlap in asset management, investment consulting and other businesses.