People's Insurance Company of China

[3] In 1985, People's Bank of China was the regulator, while the MOF supervised the financial reporting of the company; the State Planning Commission of the People's Republic of China [zh] was the state planner of the whole industry.

[6] PICC Holding reverted to the name People's Insurance Company Group of China (Chinese: 中国人民保险集团公司) in 2007.

[10] PICC has branch offices in London and New York[citation needed] as well as in the cities and towns of China.

[1]: 195  Fellow listed company Asia Financial Holdings [zh] is a minority shareholder as of 2018.

[15] That subsidiary was formerly known as Peterson Insurance Company Limited (Chinese: 德誠保險有限公司) as well as Guangdong Asia Insurance Company Limited (Chinese: 粵海亞洲保險有限公司) before acquired by PICC in 2002[16] from Guangdong Holdings.

Japanese insurer Sumitomo Life took 29% stake, followed by Hong Kong listed company Asia Financial Holdings [zh] (Hong Kong is considered as foreign investor in Mainland Chinese laws) and Thai listed company Bangkok Bank for 10% each.

[14] The insurance financial strength rating of PICC Life is A2 (as of 2019), according to Moody's Investors Service.

[20]: 51  He was replaced by Fu Anping (Chinese: 傅安平; pinyin: Fù Ānpíng) in both positions.

Since 2016, PICC also owned a minority stake in China Merchants Securities [zh].

Chen Zhigang (Chinese: 陈志刚; pinyin: Chén Zhìgāng), vice-president of PICC Life, also nominated as a non-executive director in 2017.

Approved by China Insurance Regulatory Commission in 2017, PICC PE is the sole private equity investment platform within PICC Group, and one of the sixteen PE fund managers in China sponsored by insurance capital.

Despite residents in Mainland China can buy the H shares of PICC via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect,[30] and vice versa for foreigners buying A shares.

The Ministry of Finance of the People's Republic of China (MOF) is the controlling shareholder of the company, for 67.60% of the total shares as of 31 December 2018.

[1]: 50  The state pension fund: the National Social Security Fund (NSSF) also owned 8.60% + 1.19% total shares of the company (NSSF owned both A and H shares of the company) as of 2018.

[1]: 50  It was announced that MOF would transferred an additional 6.76% total shares of PICC to the NSSF in 2019.

[32] The H shares of the company is the constituent of Hang Seng China Enterprises Index as of January 2020.