① China People's Insurance Holding Company: "PICC" for short, which has jurisdiction over PICC P&C Insurance and PICC Life Insurance;
② China Insurance (Holdings) Co., Ltd.: referred to as "China Insurance" for short, it has jurisdiction over Taiping Life Insurance, Taiping Insurance, Taiping Assets, Taiping Pension, Civil Insurance and China Insurance International (listed in Hong Kong);
③ China Life Insurance (Group) Company: referred to as "China Life" for short, it has jurisdiction over China Life Insurance, China Life Insurance Assets, China Life Insurance Overseas and China Life Insurance.
④ China Reinsurance (Group) Company, referred to as "Zhongzai" for short, has jurisdiction over property reinsurance, life reinsurance, mainland insurance, Zhongzai assets and Huatai insurance. Among them, China Insurance (Holdings) Co., Ltd., which is the least well-known in the Mainland, is headquartered in Hong Kong and manages overseas assets on behalf of the country. Taiping Life Insurance and Taiping Insurance under its jurisdiction are the earliest and oldest national insurance brands in China (80 years).
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State-owned insurance companies, also known as "wholly state-owned insurance companies" and "state-controlled insurance companies", are insurance operating institutions funded by the state or the government and operated by the government or other public organizations. Their business may be for the purpose of profit, as a means to increase fiscal revenue, and the organization form is an insurance organization holding commercial insurance.
China Life Property Insurance Co., Ltd. is a national professional property insurance company established by China Life Insurance (Group) Company and its subsidiary China Life Insurance Co., Ltd. with the approval of the State Council and China Insurance Regulatory Commission, 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 insurance fund utilization business permitted by national laws and regulations and approved by China Insurance Regulatory Commission.