20 1 1 At the end of the year, the personnel rights of the above four insurance group companies have been transferred to the Central Organization Department. Some insurance companies have learned that Li Yuanchao, Minister of the Central Organization Department, officially announced this decision on March 16, indicating that the new team adjustment and re-ranking of members of the four major state-owned insurance companies have been completed. This means that the organizational relationship and personnel rights of China Life Insurance Group (hereinafter referred to as "China Life Insurance"), China People's Insurance Group (hereinafter referred to as "China PICC"), China Taiping Insurance Group (hereinafter referred to as "China Taiping") and China Export Credit Insurance Corporation (hereinafter referred to as "CITIC Insurance") have been transferred to the Central Organization Department, and all of them have been upgraded to central enterprises at the deputy ministerial level. The senior executives of the four major insurance groups are also "by going up one flight of stairs". Yang Mingsheng, vice chairman of the China Insurance Regulatory Commission, will be in charge of China Life Insurance as the deputy department level; Ethan, chairman of China Life Insurance, will be transferred to vice president of CDB.
China Life consists of China Life Insurance (Group) Company, its subsidiaries and directly affiliated institutions. These include: China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd. and Insurance Vocational College. As the largest commercial insurance group in China, China Life Insurance (Group) Co., Ltd. is one of several domestic insurance groups with assets exceeding one trillion yuan and one of the largest institutional investors in China capital market.
In 20 13, the total premium income reached 386.8 billion yuan, the market share of domestic life insurance business was 3 1.6%, and the total assets reached 2407 1 100 million yuan.
China Life Insurance (Group) Company is a large state-owned financial insurance enterprise, headquartered in Beijing. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999. In 2003, with the consent of the State Council and the approval of China Insurance Regulatory Commission, the original China Life Insurance Company was reorganized and changed to China Life Insurance (Group) Company. The group company consists of China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd. and Insurance Vocational College. Its business scope covers life insurance, property insurance, endowment insurance (enterprise annuity), asset management, alternative investment, overseas business and other fields, and has participated in a number of banks through capital operation.
China Life Insurance (Group) Company was selected as one of the Fortune Global 500 companies for 12 consecutive years, and its ranking jumped from 290 in 2003 to 98 in 20 14. It has been selected as one of the top 500 global brands for seven consecutive years, ranking 237th. It is the only global enterprise in China's insurance industry and a "Double 500" enterprise with global brands. In "20 1 1 Top 500 Chinese Enterprises", the operating income is 3887438+0 billion yuan, ranking sixth.
Following the simultaneous listing in new york and Hong Kong in June, 5438 and February, 2003, this life insurance joint-stock company returned to the domestic A-share market in June, 2007+10, becoming the "first insurance share" in the mainland capital market and the first insurance company listed in new york, Hong Kong and Shanghai in the world, and now it has become the largest listed life insurance company in the world.
China Life implements the collectivization strategy of "reasonable resource allocation, obvious comprehensive advantages, strong main business, moderate diversification, high embedded value, strong core competitiveness and sufficient potential for sustainable development", and strives to build an international top financial and insurance group with "strong strength, advanced governance, sound system, strict internal control, leading technology, first-class team, excellent service, outstanding brand and harmonious development". As the largest commercial insurance group in China, China Life Insurance, a subsidiary of China Life Insurance (Group) Company, is introduced as follows:
China Life Insurance Co., Ltd. is the largest professional life insurance company in China and the mainstay of China life insurance industry.
China Life Asset Management Co., Ltd. is one of the largest institutional investors in the domestic capital market and an important participant in the money market, playing an important role in the China stock market, fund market and bond market.
China Life Property &; China Life Insurance Co., Ltd. is a national professional property insurance company jointly funded by China Life Insurance (Group) Company and China Life Insurance Co., Ltd., headquartered in Beijing, with Yang Mingsheng as the chairman and Liu Jian as the president, with a registered capital of 8 billion yuan.
China Life Pension Insurance Co., Ltd. is a national professional pension insurance company with the strongest strength, the widest service network and the highest degree of specialization in China. Established by China Life Insurance (Group) Company, China Life Insurance Co., Ltd. and China Life Asset Management Co., Ltd., headquartered in Beijing, with Chairman Wang Jian. The president is Lin Dairen, with a registered capital of 2.5 billion yuan, and has the qualifications of trustee, account manager and investment manager of enterprise annuity fund recognized by Ministry of Human Resources and Social Security.
Headquartered in Hongkong and Macau, China Life Overseas Limited is an international window for China Life to expand its overseas business. With a history of 25 years, it is the largest state-owned life insurance company in Hong Kong and Macao, and the only professional life insurance company named after "China".
China Life Investment Holding Co., Ltd. was established in early 2007, which is a professional alternative investment company under China Life Group.
Insurance College, formerly known as China Insurance Management Cadre College, was founded in 1986 and is affiliated to China Life Insurance (Group) Company. In 2003, the college was transformed into a higher vocational college, which is the only full-time general higher vocational college specializing in insurance education in China. Yang Mingsheng
President and Party Secretary of China Life Insurance (Group) Company
Chairman and Executive Director of China Life Insurance Co., Ltd.
Chairman of China Life Property Insurance Co., Ltd.
Miao Jianmin
Vice Chairman, President and Deputy Secretary of the Party Committee of China Life Insurance (Group) Company.
the Chen Dynasty
Chairman of the Board of Supervisors and Deputy Secretary of the Party Committee of China Life Insurance (Group) Company
Zhang Xiangxian
Member of Party Committee, Secretary of Discipline Inspection Commission and Vice President of China Life Insurance (Group) Company.
king
Vice President and Party Committee Member of China Life Insurance (Group) Company.
Director of China Life Insurance Company Limited
Director of China Life Pension Insurance Co., Ltd.
Chairman of China Life Investment Holdings Limited
Cui Lanqin
Member of the Party Committee and Vice President of China Life Insurance (Group) Company
Director of China Life Asset Management Company
Director of China Life Property Insurance Co., Ltd.
Director of China Life Insurance (Overseas) Limited.
Dean of Insurance Vocational College
Liu Huimin
Vice President and Party Committee Member of China Life Insurance (Group) Company.
Party Secretary and President of China Life Asset Management Co., Ltd.
Chairman of China Life Insurance Fund Management Co., Ltd.
Chairman of China Life Franklin Asset Management Co., Ltd.
Bai Tao
Vice President and Party Committee Member of China Life Insurance (Group) Company.
Liu Jiade
Member of the Party Committee and Vice President of China Life Insurance (Group) Company
Chairman, President and Party Secretary of China Life Pension Insurance Co., Ltd..