The people’s insurance company (group) of China limited (“The Company”) is the first nation-wide insurance company in the People’s Republic of China (the “PRC”), established in October 1949, and has developed into a leading large-scale integrated insurance financial group in the PRC. The Company has listed on Hong Kong Exchange (stock code: 1339) in December 2012 and listed on Shanghai Exchange (stock code: 601319) in November 2018, ranking the 90th in the List of Fortune Global 500 (2021) published by the Fortune magazine.
The Company operates its property and casualty (“P&C”) insurance business in the PRC through PICC P&C (listed on Hong Kong Stock Exchange, stock code: 02328) and in Hong Kong through PICC Hong Kong, in which the Company holds approximately 68.98% and 75.00% equity interests, respectively. The Company operates its life and health insurance businesses through PICC Life and PICC Health, in which the Company directly and indirectly holds 80.00% and approximately 95.45% equity interests, respectively. The Company centrally and professionally manages most of its insurance assets through PICC AMC, in which the Company holds 100% equity interest. The Company engages in corporate annuities and occupational annuities businesses through PICC Pension in which the Company holds 100% equity interest. The Company holds a 100% equity interest in PICC Investment Holding which is a professional investment company specialising in real estate investments. The Company carries out alternative investments with debt investment and equity investment businesses as the main line for insurance capital and non-insurance capital within and outside the Group through PICC Capital in which it holds a 100% equity interest. The Company operates reinsurance business within and outside the Group through PICC Reinsurance in which the Company directly and indirectly holds 100% equity interest. The Company takes PICC Financial Services as a professional platform for the layout of internet finance in which the Company holds 100% equity interest. The Company has also made strategic investments in non-insurance financial businesses such as banking and trust.