Is China Taiping one of the four state-owned insurance companies?

China Taiping Insurance (Group) Company: "China Taiping" for short.

Among them, China Taiping, which is least known to mainlanders, once operated overseas business on behalf of the country. Thanks to 200 1 full of national trust and national hope, returning to China to resume business. Make great contributions to China's entry into the World Trade Organization.

Taiping Life has a long history. 1929 was established in Shanghai, and 1956 moved overseas to specialize in life insurance business. It was once one of the strongest, largest and largest national insurance companies in China's modern history, and also one of the China life insurance companies with the longest operating time and brand history in China.

On 2012031718: 27, Hao, dean of the School of Insurance of the Central University of Finance and Economics, issued a Weibo statement: "The four major state-owned insurance companies in China: China Life Insurance Group, China People's Insurance Group, China Taiping Insurance Group and China Export Credit Insurance Corporation have been officially upgraded to vice-ministerial units. Li Yuanchao, Minister of the Central Organization Department, officially announced this decision at the meeting on the afternoon of March 6th.

Extended data:

State-owned insurance companies, also known as "wholly state-owned insurance companies" and "state-controlled insurance companies", are insurance operating institutions funded by the state or the government and operated by the government or other public organizations. Their business may be for the purpose of profit, as a means to increase fiscal revenue, and the organization form is an insurance organization holding commercial insurance;

It may also be for the purpose of implementing policies, with no profit motive, and the organization form is an insurance organization holding social insurance. At present, the state-owned insurance company is one of the main organizational forms of insurance companies in China, which occupies an important position in China's insurance market.

References:

Baidu encyclopedia-state-owned insurance company