Is Sino-German Allianz Insurance Company a state-owned enterprise?

Sino-German Allianz Insurance Company is not a state-owned enterprise. Sino-German Allianz Insurance Company is the first European joint venture life insurance company in China, formerly known as Allianz Volkswagen Life Insurance Co., Ltd. This company is a joint venture between Allianz Insurance Group of Germany and China CITIC Trust and Investment Co., Ltd., and is not a state-owned enterprise, so Sino-German Allianz Insurance Company is not a state-owned enterprise.