Is Yongan Insurance a State-owned Enterprise or a Private Enterprise?

Yes According to the information of official website of the State Administration for Industry and Commerce, the capital of Yongan Insurance Company is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Yongan Insurance Company, the full name of which is China Yongan Property Insurance Co., Ltd., was established on 1996. It is an enterprise jointly controlled by Yanchang Petroleum Group, Shaanxi Nonferrous Metals Group and Shanghai Fosun Group.