Is Zhong Rui Insurance Company a State-owned enterprise?

Zhong Rui Insurance Company is not a state-owned enterprise. Zhong Rui Life Insurance Company was established on June 30, 2023 with a registered capital of 56.5 billion yuan and its headquarters is in Beijing. It was jointly funded by Kyushu Qi Hang (Beijing) Equity Investment Fund (Limited Partnership) and China Insurance Guarantee Fund Co., Ltd. and was established with the approval of China Banking Regulatory Commission. It is a formal insurance company, and Zhong Rui Life is not a state-owned enterprise or a central enterprise, but a private enterprise. Scope of Business Zhong Rui Insurance provides life insurance, annuity, health and accidental injury insurance products to individuals and groups, covering a variety of protection such as survival, pension, illness, medical care, death and disability, and fully meets the insurance protection and wealth management needs of customers in the field of personal insurance.