China Life Insurance (Group) Company (hereinafter referred to as China Life Insurance) is a central financial enterprise and a state-owned super-large financial insurance enterprise company; Headquartered in Beijing, it is one of the top 500 enterprises in the world and one of the top 500 Chinese brands. It is a state-owned deputy ministerial-level central enterprise. Its predecessor was China People's Insurance Company, which was established in 1949. 1996 was established as PICC life insurance co., ltd, and 1999 was renamed as China life insurance company. In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company. China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China, and are also important institutional investors in China capital market. The business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields. In 2002 1 year, the consolidated operating income of China Life Group exceeded1trillion yuan, the consolidated total assets exceeded 5.7 trillion yuan, and the consolidated management of third-party assets exceeded 2 trillion yuan. In 20021year, China Life Group became one of the world brand laboratories.