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Is Cathay Life Insurance a state-owned enterprise?
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Cathay Life Insurance is a cross-strait joint venture, and Lujiazui Cathay Life Insurance Co., Ltd. is the first cross-strait joint venture life insurance company headquartered in Shanghai. The registered capital of the company is RMB 3 billion, and the insurance policy was officially sold in June 2005. Therefore, Cathay Life is not a state-owned enterprise.
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