PICC

The People's Insurance Company (Group) of China Limited was established on October 20, 1949, and is a comprehensive insurance (financial) company with a registered capital of RMB 30.6 billion. Currently, it owns more than a dozen professional subsidiaries, including PICC Property and Casualty, PICC Asset Management, PICC Health, PICC Life, PICC Investment, Huawen Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, Zhongren Insurance Brokerage, Zhongyuan Insurance Brokerage, and PICC Property. PICC also holds a 32.35% stake in China Credit Trust. Its business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trust, funds, and other fields, forming an insurance and financial industry cluster with far-reaching influence at home and abroad. PICC possesses a profound historical heritage and outstanding brand advantages. As the oldest insurance company in China's history, PICC has grown together with the Republic, providing quality risk protection for major national projects such as the Three Gorges Project, Ling'ao Nuclear Power Station, China Aerospace, the Qinghai-Tibet Railway, and the National Centre for the Performing Arts, making positive contributions to national economic development. Over the 60 years since its establishment, PICC has always focused on and safeguarded people's livelihoods, effectively fulfilling various insurance functions, covering and penetrating all sectors of the national economy, from important economic and social fields such as industrial and mining enterprises, transportation, agricultural production, and foreign trade, to projects related to people's personal insurance, motor vehicles, and the "vegetable basket" and "rice bag" initiatives. As an outstanding brand representative of China's insurance industry internationally, PICC was the sole domestic insurance partner for the 2008 Beijing Olympic Games, the global insurance partner for the 2010 Shanghai World Expo, and an insurance partner for the 2010 Guangzhou Asian Games.