1. China Life Property Insurance Co., Ltd. is a national professional property insurance company jointly funded by China Life Insurance (Group) Co., Ltd. and its subsidiary China Life Insurance Co., Ltd., with a registered capital of 8 billion yuan. Its business scope includes property loss insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accidental injury insurance, reinsurance business of the above businesses and the use of insurance funds permitted by national laws and regulations. China Life Insurance Group Company.