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Is Sino-Italian Life Insurance Co., Ltd. a state-owned enterprise?

Sino-Italian Life Insurance Co., Ltd. is not a state-owned enterprise.

According to Aiqi official website's inquiry, Sino-Italian Life Insurance Co., Ltd. was established in 2002. It is a joint venture between China Petroleum and Natural Gas Group Co., Ltd. and Italy Zhongli Insurance Co., Ltd., and it is the first Sino-foreign joint venture insurance company approved to be established after China joined the World Trade Organization. It is a non-state-owned enterprise.