This is a private enterprise. As of March 25th, 2024, only four insurance companies in China are state-owned, namely China Life Insurance, China PICC, China Taiping and China Export Credit Insurance Corporation. Taikang Life Insurance owns Taikang Asset Management Co., Ltd., Taikang Pension Insurance Co., Ltd. and Taikang Home Investment Co., Ltd. In 20 12, the foundation stone was laid for the flagship community of Taikang Home in Changping, Beijing, and the life experience hall for the aged community was opened. China's first comprehensive pension plan combining insurance products with pension community was officially listed, and a series of substantive measures marked the official landing of China's new business model of pension.