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Newly established insurance company
China Taibao set up a pension company
On February 15, 2022, Taibao Pension (Beijing) Co., Ltd. was established with the legal representative Hao Lianshan and the registered capital of 800 million yuan. Its business scope includes: aged care services; Services of nursing institutions (excluding medical services); Property management; Hotel management and so on. According to the information of equity penetration, the company is held by China Pacific Life Insurance Co., Ltd. 100%, a subsidiary of China Pacific Insurance.
An insurance company is an economic organization with specialized risk management technology, which collects insurance premiums from the insured according to the contract and assumes the responsibility of risk compensation after the insured is out of danger.
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