Under the leadership and support of Shanghai Municipal Government, Ministry of Human Resources and Social Security (formerly Ministry of Labor and Social Security) and China Insurance Regulatory Commission, on May 9, 2007, China Pacific Insurance Group and other 13 state-owned large and medium-sized enterprises were formally established. Yangtze River Pension is a national and professional pension management institution. In 2009, with the approval of the China Insurance Regulatory Commission, the company completed part of the share transfer and capital increase, and the current registered capital is 787.6 million yuan.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.