Foshan PICC Property Co., Ltd.

The People's Insurance Company of China (referred to as PICC) was established on October 20, 1949 at No. 108 Min Lane, Xijiao Min Lane, Beijing, with the approval of the People's Republic of China and the State Council. As the founder and pioneer of the insurance industry in New China, PICC has always adhered to the mission of "people's insurance and serving the people" during its more than 60 years of reform and development, actively fulfilled its corporate social responsibilities, and served economic and social development and ensured the national economy and people's livelihood. It provides all-round, high-quality insurance protection and services, creating the glory of the national insurance industry in New China.

As the oldest insurance company in China, PICC has gone through several major changes. In July 1996, the People's Insurance Company of China was reorganized into the People's Insurance Company of China (Group) Company, which consisted of three professional subsidiaries: China Insurance Property Insurance Co., Ltd., China Insurance Life Insurance Co., Ltd., and China Insurance Reinsurance Company; in October 1998, according to According to the State Council's overall reform plan for China's insurance industry, the three subsidiaries of the PICC Group formed their own system. The former PICC Property and Casualty Insurance Co., Ltd. changed its name to inherit the name of the People's Insurance Company of China; in July 2003, with the consent of the State Council and the approval of the China Insurance Regulatory Commission, the PICC Group The company was reorganized and renamed PICC Holding Company. In June 2007, in order to uphold the history and brand of PICC, the company was renamed the People's Insurance Company of China. In September 2009, the People's Insurance Company of China was successfully restructured into the People's Insurance Company of China Co., Ltd., achieving a major transformation from a traditional state-owned enterprise to a modern state-controlled financial and insurance group, and taking the first step in the overall joint-stock reform of the state-owned insurance group. It is a milestone in the development history of China’s insurance industry.

Currently, PICC Group owns PICC Property & Casualty Co., Ltd., PICC Asset Management Co., Ltd., PICC Health Insurance Co., Ltd., PICC Life Insurance Co., Ltd., and PICC Investment Holdings Co., Ltd. Company, PICC Capital Investment Management Co., Ltd., People's Insurance Company of China (Hong Kong) Co., Ltd., Beijing West Chang'an Street No. 88 Development Co., Ltd., Zhongsheng International Insurance Brokers Co., Ltd., China Insurance Brokers Co., Ltd., Zhongyuan Insurance Brokers Co., Ltd. The company, Beijing PICC Property Management Co., Ltd., and more than 10 professional subsidiaries, its business areas cover property insurance, life insurance, health insurance, asset management, insurance brokerage, trusts, funds and other fields, forming an insurance and financial industry cluster and comprehensive operating group structure to provide comprehensive insurance and financial services to the public and institutional groups.

The PICC Property and Casualty Co., Ltd., a subsidiary of the PICC Group, was successfully listed on the Hong Kong Stock Exchange in 2003, becoming the "first" overseas listing of a large state-owned financial enterprise in mainland China and the largest in Asia. A public non-life insurance company; its subsidiary China People's Health Insurance Co., Ltd. is the first professional health insurance company in China, committed to providing high-quality and efficient health protection and health management services to the vast majority of the Chinese people; its subsidiary China Life Insurance Co., Ltd. Since its establishment in 2005, the company has become the life insurance company with the fastest business development and the best growth, creating a new development miracle in China's life insurance industry; its subsidiary PICC Asset Management Co., Ltd. is the first insurance asset management company in China , the first in the industry to introduce overseas strategic investors, the first to create a three-party operation model of entrustment, trusteeship and trusteeship, and carefully build a "domestic leading and internationally first-class comprehensive investment and financial management company".

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