People's Insurance Company of China
Chinese insurance company / From Wikipedia, the free encyclopedia
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Not to be confused with China Life, China Re, China Taiping Insurance Holdings, or PICC Property and Casualty.
The People's Insurance Company (Group) of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder.
Quick Facts Trade name, Formerly ...
People's Insurance Company of China | |||||||||
Formerly | PICC Holding Company | ||||||||
Company type | State-owned enterprise | ||||||||
ISIN | |||||||||
Industry | insurance | ||||||||
Founded | 1949 | ||||||||
Founder | Chinese Government | ||||||||
Headquarters | China People's Insurance Building, Beijing , China | ||||||||
Area served | Mainland China, Hong Kong, etc. | ||||||||
Services | life and non-life insurance | ||||||||
Revenue | RMB0499 billion (2018) | ||||||||
RMB0013 billion (2018) | |||||||||
Total assets | RMB1032 billion (2018) | ||||||||
Total equity | RMB0153 billion (2018) | ||||||||
Owner | Ministry of Finance (67.60%) | ||||||||
Parent | Ministry of Finance | ||||||||
Subsidiaries |
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Chinese name | |||||||||
Simplified Chinese | 中国人民保险集团股份有限公司 | ||||||||
Traditional Chinese | 中國人民保險集團股份有限公司 | ||||||||
Hanyu Pinyin | Zhōngguó rénmíng bǎoxiǎn jítuán gǔfèn yǒuxiàn gōngsī | ||||||||
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Website | picc | ||||||||
Footnotes / references In consolidated financial statement. Financial reports prepared in IFRS. Net income and equity excluded minority interest[1] |
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The group contains the major subsidiaries: PICC Asset Management, PICC Life as well as PICC Property and Casualty (PICC P&C). The latter also listed on the stock exchange.