Is Ningbo Ancheng Insurance Company a state-owned enterprise?

Yes Ancheng Insurance Company is a formal insurance company in China, so it is a state-owned enterprise. . Approved by China Insurance Regulatory Commission, the company was formally established. Its shareholders are large state-owned enterprises and well-known private enterprises, all of which are state-controlled. As of February 7, 2022, 65438 World Bank Group International Finance Corporation (IFC) is the third largest shareholder of the Company.