Yes Zhao Yan Property Insurance Co., Ltd. is a formal insurance company. The company was established with the approval of China Insurance Regulatory Commission on February 3, 20 13, with a registered capital of 2.025 billion yuan. It is the first national legal person insurance company in Tangshan, Hebei Province. The three state-owned shareholders of Zhao Yan Property Insurance account for 59.25%, and these state-owned investors are the key "vanguard" of industrial enterprises in Hebei Province. For example, Hebei Iron and Steel Group and Kailuan Group rank 269th and 400th respectively in the world's top 500, which shows their strong establishment background.