CITIC-Prudential Life Shanghai Branch

CITIC-Prudential Life Insurance Co., Ltd. was established in 2000, jointly initiated by CITIC Group and Prudential plc. Currently, the headquarters of CITIC-Prudential Life is located in Beijing. As of the end of December 2023, CITIC-Prudential Life's total assets reached 244.2 billion yuan. In 2024, with the approval of the National Financial Regulatory Administration, the company's registered capital was increased from 2.36 billion yuan to 4.86 billion yuan.
Adhering to the business philosophy of "Listen to every voice, Sincerity is our commitment," CITIC-Prudential Life has carried out a series of effective work in product development, business expansion, institutional growth, channel construction, and risk management. With robust internal controls and corporate governance mechanisms, excellent market performance, and outstanding professional operations, it actively operates in China's life insurance market.
In line with national development strategies and regulatory requirements, CITIC-Prudential Life adheres to a regional development strategy that balances scale and efficiency, as well as speed and depth. To date, the company has established 23 branches in Guangdong, Beijing, Jiangsu, Shanghai, Hubei, Shandong, Zhejiang, Tianjin, Guangxi, Shenzhen, Fujian, Hebei, Liaoning, Shanxi, Henan, Anhui, Sichuan, Suzhou, Hunan, Wuxi, Shaanxi, Ningbo, and Qingdao, with over 200 sub-branches in 102 cities. In 2020, its wholly-owned subsidiary, CITIC-Prudential Asset Management Co., Ltd., was established.
Since its inception, CITIC-Prudential Life has listened attentively to customer voices and continuously launched products and services that meet customer needs. Currently, the company offers insurance products and services covering traditional insurance, critical illness, medical, accident, and wealth management, fully satisfying customers' multi-level needs throughout their life cycles. In the era of "Internet Plus," CITIC-Prudential Life keenly captures customer demands by providing electronic services across the entire business process through its official WeChat account, official website, and service terminals for business personnel, enabling customers to enjoy round-the-clock, convenient insurance services without leaving their homes.
In terms of credit ratings, China Chengxin International and Lianhe Ratings have successively issued follow-up rating announcements, both maintaining the AAA issuer credit rating for CITIC-Prudential Life, with a stable outlook.
In recent years, CITIC-Prudential Life has achieved coordinated development across multiple channels, including bancassurance, group insurance, online sales, and intermediaries. Its operational management capabilities have continued to improve, driving sustained, healthy, and stable growth in embedded value and scale.
As a responsible corporate citizen, CITIC-Prudential Life has always listened to social needs, actively assumed social responsibilities, advocated the public welfare theme of "Listen and Care," and supported the development of education, disaster relief, and health undertakings in China. To date, CITIC-Prudential Life has donated over 45.4 million yuan to public welfare causes and dispatched 7,630 caring volunteers to provide free assistance, compulsory education, volunteer services, and consultation lectures to the public.