Hello!
Except that state-owned enterprises and state holding companies are private enterprises, the term "private enterprise" is rather general, and there is no concept of private enterprise in law. According to this classification, Sunshine Insurance Group is private, but this is not accurate!
Since 2003, all insurance companies in China are joint-stock enterprises, even PICC and China Life Insurance, which are called state-owned enterprises.
Sunshine Insurance Group Co., Ltd. was established by large state-owned enterprise groups such as China Petrochemical Group, China Southern Airlines Group, China Aluminum Company, China Foreign Trade and Transportation (Group) Corporation and Guangdong Electric Power Development Co., Ltd. The registered capital is 6.56 billion yuan.
Sunshine Insurance Group is the fastest growing enterprise among emerging insurance groups! I hope it helps you!