According to the Letter on the Identification Opinions of State-owned Companies and Enterprises issued by the National Bureau of Statistics, state-owned enterprises can be divided into broad sense and narrow sense. State-owned enterprises in a broad sense refer to enterprises with state capital, which are divided into three levels: pure state-owned enterprises, state-owned holding enterprises and state-owned shareholding enterprises.
Auspicious Life Insurance Co., Ltd. is a joint-stock state-owned holding enterprise, so in a broad sense, Auspicious Life Insurance Co., Ltd. is a state-owned enterprise.
Auspicious Life Insurance Co., Ltd., approved by China Banking Regulatory Commission, deals in life insurance, health insurance, accident insurance and other personal insurance businesses; Reinsurance business; Capital utilization business permitted by national laws and regulations or approved by the State Council; Other insurance-related businesses approved by China Banking Regulatory Commission.
Auspicious Life has developed a number of marketing service channels such as individual insurance, bancassurance, group insurance, telephone sales, TV shopping, online sales and agency, and set up provincial branches in Hunan, Henan, Hubei, Anhui and Hebei. Auspicious Life Insurance Co., Ltd. is headquartered in Changsha City, Hunan Province.