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What business did China PICC and Social Security jointly set up?

Subsidize welfare insurance business. In order to provide more comprehensive protection for the broad masses of the people, from 2065438 to August 28th, 2007, the Social Security Fund and PICC China formed a strategic partnership, set up subsidized insurance business, and actively sought a breakthrough in policy business. PICC refers to China People's Insurance Group Co., Ltd., which can be referred to as China People's Insurance Company or People's Insurance Company. It is a comprehensive insurance company.