Is PICC China a state-owned enterprise or a central enterprise?
It is both a central enterprise and a state-owned enterprise. Because the central enterprise refers to the enterprise entrusted by the Central People's Government (the State Council) or the state-owned assets supervision and administration institution to exercise the responsibilities of investor. State-owned enterprises refer to state-owned shares holding more than 50% absolute control. According to Aiqi's investigation, the largest shareholders of China People's Insurance Group Co., Ltd. are People's Republic of China (PRC) and the Ministry of Finance, with a shareholding ratio of 60.84%. This is the Ministry of Finance of People's Republic of China (PRC) and the State Council. This company is a listed company and is controlled by the state. To sum up, PICC China conforms to the characteristics of both central enterprises and state-owned enterprises, so PICC China is both a central enterprise and a state-owned enterprise.