Shortly after the founding of the People's Republic of China, the Bank of Communications was affiliated with the Pacific Insurance Department, so it adopted this name in the 1990s.
Pacific insurance, the name was first used as an insurance department under the name of Bank of Communications in the Republic of China.
After liberation, there was only one insurance company in China, China People's Insurance Company. It was not until the 1990s that the state approved the establishment of two other insurance companies, Pacific Insurance and Ping An Insurance.
Bank of Communications (BOCOM) was established in 1908, with its head office in Shanghai. It is one of the oldest state-owned commercial banks in China and one of the note-issuing banks in modern China.
China Pacific Insurance (A shares: 60 160 1, H shares: 0260 1), also known as Pacific Insurance, was formerly known as China Pacific Insurance Company and was established on May 19 13 with the approval of the People's Bank of China. 200 1 According to the reply of the CIRC in the State Council and China, China on the reform of the separate operation institutions, the former China Pacific Insurance Company was renamed as "China Pacific Insurance (Group) Co., Ltd.".
CPIC is the second largest property insurance company in Chinese mainland, second only to China Property Insurance, and the third largest life insurance company, second only to China Life Insurance and China Ping An. It operates a variety of insurance services, including life insurance and property insurance.