1July 22, 989: Beijing Capital Building, the first super high-rise building built by China people in Beijing.

1July 22nd, 989, the first super high-rise building built by China people in Beijing.

According to the State Council's reform and deployment, China People's Insurance Company was successfully established a few days ago, and China People's Insurance Company was formally announced. China Insurance Group is the first insurance group company in China. Its establishment is a milestone in the history of insurance development in China, engraved with the 46-year development and achievements of People's Insurance Company of China. PICC is the largest state-owned insurance company in China.

During the Eighth Five-Year Plan period, the premium income reached 20 1 100 million yuan, 3.5 times that during the Seventh Five-Year Plan period, with an average annual growth rate of 26%. By the end of 1995, * * Company had undertaken liability risks of 9138.9 billion yuan, premium income of 47.6 billion yuan and assets of102.9 billion yuan, forming a comprehensive institutional network covering the whole country and radiating overseas. From June to June this year, the premium income of domestic self-operated business was 29 1. 1 100 million yuan, a year-on-year increase of 15.4%.

China Insurance Group is directly responsible to the State Council, under the leadership, supervision and management of the People's Bank of China, and its financial management is the responsibility of the Ministry of Finance. PICC Group consists of PICC Property Insurance Co., Ltd., PICC Life Insurance Co., Ltd. and PICC Reinsurance Co., Ltd. As an independent entity, the existing overseas insurance institutions are directly affiliated to PICC Group and continue to operate overseas insurance business. China Insurance Group and three professional companies are enterprise legal persons. China Insurance Group invests in subsidiaries in the form of holding companies and exercises leadership, management and supervision.