Founded in October 1949, 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”) and has developed into a leading large-scale integrated insurance financial group in the PRC, ranking the 114th in the List of Fortune Global 500 (2017) published by the Fortune magazine.

The Company operates its property and casualty (“P&C”) insurance business in the PRC through PICC Property and Casualty Company Limited (“PICC P&C”, listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), stock code: 02328) and in Hong Kong through The People’s Insurance Company of China (Hong Kong), Limited (“PICC Hong Kong”), in which the Company holds approximately 68.98% and 75.0% equity interests, respectively. The Company operates its life and health insurance businesses through PICC Life Insurance Company Limited (“PICC Life”) and PICC Health Insurance Company Limited (“PICC Health”), in which the Company, directly and indirectly, holds 80.0% and approximately 95.45% equity interests, respectively. The Company centrally and professionally manages most of its insurance assets through PICC Asset Management Company Limited (“PICC AMC”), in which the Company holds 100% of equity interest, and holds a 100% equity interest in PICC Investment Holding Co., Ltd (“PICC Investment Holding”) which is a professional investment company specializing in real estate investments. The Company carries out non-transactional businesses such as equity and debt investments in insurance and non-insurance capital within and outside the Group through PICC Capital Investment Management Company Limited (“PICC Capital”) in which it holds a 100% equity interest. The Company takes PICC Financial Services Company (“PICC Financial Services”) as a professional platform for the layout of Internet finance in which the Company holds 100% of equity interest. The Company operates reinsurance business within and outside the Group through PICC Reinsurance Limited (“PICC Reinsurance “) in which the Company, directly and indirectly, holds 100% of equity interest. The Company engages in corporate annuities and occupational annuities businesses through PICC Pension Company Limited (“PICC Pension”) in which the Company holds 100% of equity interest and has also made strategic investments in non-insurance financial businesses such as banking and trust.