Company development achievements
The company has full insurance licenses such as life insurance, property insurance, endowment insurance, health insurance, agricultural insurance and asset management, providing customers with all-round risk protection solutions, wealth planning and asset management services. The company has been selected into Fortune Global 500 for eleven consecutive years, ranking 158. Ranked 5th among the most valuable insurance brands in brand finance 100. The company's operational capacity and service level have been continuously improved, providing "responsible, intelligent and warm" services to 654.38+68 billion customers. Pacific Property & Casualty Insurance and Pacific Life Insurance have been awarded Class A business evaluation by China Insurance Association for six consecutive years.
Business scope of the company
Holding investment insurance enterprises; Supervise and manage all kinds of domestic and foreign reinsurance business of holding investment insurance enterprises; Supervise and manage the fund utilization business of holding investment insurance enterprises; Be allowed to participate in international insurance activities. Projects that must be approved according to law can only carry out business activities after being approved by the relevant departments.
Company development process
199 1 year, China Pacific insurance company was approved to be established with a registered capital of 1 100 million yuan. (Reply of the People's Bank of China on the Establishment of China Pacific Insurance Company, Yin Fu [199 1]No. 149)
200 1 According to the Reply of the State Council and China Insurance Regulatory Commission on the Reform of Separate Operating Organizations, the former China Pacific Insurance Company was standardized in accordance with the Company Law and renamed China Pacific Insurance (Group) Co., Ltd. (Reply of China Insurance Regulatory Commission [20065438+0] No.26 on the Change of China Pacific Insurance Company into China Pacific Insurance (Group) Co., Ltd.). At the same time, the Group initiated the establishment of CPIC Life Insurance and CPIC Property Insurance with a registered capital of 654.38 billion yuan.
At the end of 2002, China Pacific Insurance Group increased its capital and shares, and its registered capital was changed to 4.3 billion yuan.
On February 25th, 2007, 65438+, China Taibao A shares were listed on the Shanghai Stock Exchange. The total number of shares issued in this listing is 65.438 billion, and the issue price is 30 yuan/share. The stock is called "China Pacific Insurance" for short, and the stock code is "60 160 1".
On June 23rd, 2009, 65438+February 23rd, 2009, China Pacific Insurance H shares were listed on the main board of the Hong Kong Stock Exchange, with the stock code of 0260 1 and the issue price of 28 yuan HK$/share.
On June 7, 2020, China Pacific Insurance Huluntong Global Depositary Receipt (GDR) was officially listed on the Huluntong section of the London Stock Exchange (stock code: CPIC), and the issue price was 17.60 USD. China Pacific Insurance became the first China insurance company to be listed in Shanghai, Hongkong and London.
202 1, 1 1, approved by the Insurance Regulatory Commission of Bank of China, the registered capital of China Pacific Insurance Group was changed to 9.62 billion yuan.