Is Sunshine Property Insurance Co., Ltd. a state-owned enterprise?

Sunshine Property Insurance Co., Ltd. is not a state-owned enterprise. State-owned enterprises generally refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively. Sunshine Insurance is a joint-stock enterprise, which owns many subsidiaries such as property insurance, life insurance, credit guarantee insurance and asset management, and is not a state-owned enterprise. Therefore, Sunshine Property Insurance Co., Ltd. is not a state-owned enterprise. Sunshine Property Insurance Co., Ltd. was established in July 2005. It is a top 500 enterprise in China and a service enterprise in China 100. It owns several professional subsidiaries such as property insurance, life insurance, credit guarantee insurance and asset management.