What kind of enterprise does Xinhua Insurance belong to, and is Xinhua Insurance a state owned enter

Xinhua Insurance, whose full name is Xinhua Life Insurance Co., Ltd., is a large-scale life insurance company whose business scope is life insurance in RMB and foreign currencies (including all kinds of life insurance, health insurance, and accident insurance); Insurance, inspection and claim settlement for domestic and foreign insurance institutions; Insurance consulting, etc.

Founded in September 1996, New China Insurance is an insurance company with a long history.

The strength of New China Insurance is also very strong, with a registered capital of RMB 3,119,546,600.

You must know that the registered capital of insurance companies is paid-in, and it can be seen from here that the strength of Xinhua Insurance is strong.

According to the regulations of the China Banking and Insurance Regulatory Commission, the core solvency adequacy ratio of an insurance company is 50%, the comprehensive solvency adequacy ratio is 100%, and the comprehensive risk rating reaches Class B and above in order to meet the normal business standard.

Let's take a look at the solvency of New China Insurance.

According to the summary of the quarterly solvency report of New China Insurance for the first quarter of 2022, its core solvency adequacy ratio is comprehensive, solvency adequacy ratio is comprehensive, and the comprehensive risk rating is A.

In other words, the solvency of New China Insurance is far beyond the standard line

In addition, if you want to know what else insurance companies need to look at, you can look here: What do we look at when we look at insurance companies?

What's more important is to see how well the product is done and whether it suits you!

New China Insurance is a large life insurance company.

A financial services group with a full range of life insurance business as its core, it holds Xinhua Asset Management Co., Ltd. ****.

New China Life Insurance Co., Ltd. (hereinafter referred to as "New China Insurance") was established in September 1996 and is headquartered in Beijing.

It mainly provides various life insurance, health insurance, personal accident insurance and endowment insurance services.

1. Product features:

Quick Profit: 10% of the sum insured will be returned every two years.

Safe Profit: Return the insurance premium at maturity.

Double Profit Increase: Sum Insured Bonus + Accumulated Interest.

Worry-free profit: The policyholder's premium is waived.

Flexible Benefits: Convertible pension at maturity.

2. Product information:

Payment period: one-time payment, 5 years, 10 years, 20 years.

Age: 0-55 years old during the one-time payment, 5-year payment and 10-year payment period, and 0-45 years old during the 20-year payment period.

Period of insurance: up to 70 years of age.

Founded in September 1996, New China Insurance is a large-scale listed life insurance company in China.

In addition, New China Life Insurance Company ranked 416th in the 2022 Fortune Global 500 list, and its strength in all aspects is very high, both in terms of assets and business scale.

Summary. Hello, Xinhua Insurance Company is a state-owned enterprise. This shows that there is no contradiction between state-owned enterprises and the joint-stock system. Although Xinhua Insurance has completed the shareholding reform and is listed, it is indeed a joint-stock enterprise.

II. The third, fourth and fifth largest shareholders are all state-owned backgrounds, with a total shareholding ratio of more than 50%, so the controlling stake of Xinhua Insurance is still in the hands of state-owned capital. Therefore, Xinhua Insurance is still a state-owned enterprise and a joint-stock enterprise controlled by state-owned assets.

Is Xinhua Insurance a state-owned enterprise?

Hello, Xinhua Insurance Company is a state-owned enterprise. It is clear here that there is no contradiction between state-owned enterprises and the shareholding system. Although Xinhua Insurance has completed the shareholding reform and listed on the stock market, it is indeed a joint-stock enterprise.

Second, the first trace Jane.

The third, fourth and fifth largest shareholders are all state-owned backgrounds, with a total shareholding ratio of more than 50%, so the controlling stake of Xinhua Insurance is still in the hands of state-owned capital. Therefore, Xinhua Insurance is still a state-owned enterprise and a joint-stock enterprise controlled by state-owned assets.

Xinhua Insurance Company is a relatively well-known insurance company in China, with many branch outlets. Most of the Wutongji insurance that Xinhua is buying is life insurance business such as life wheel insurance, critical illness insurance, and annuity insurance.

The disadvantages of Xinhua Insurance are: 1. The premium is too expensive, and it costs more than 10,000 yuan a year, which is not cost-effective. With a premium of 10,000 yuan, I even sell the group to buy a critical illness insurance plus a term life insurance that pays Brother Feng a single time.

2. In the minor illness insurance, the compensation amount for mild illness is too small, far lower than most products on the market. It cost more than 10,000 yuan, but the claim amount for mild diseases has not reached the average proportion of oranges in the market, and it is a loss. Here are some cost-effective critical illness insurance products, which are also relatively friendly in terms of mild illness, you can choose according to your own needs.

New China Insurance is not a state-owned enterprise, but a joint-stock enterprise. Now there is only one state-owned insurance company, Chinese Life and Chinese People's Insurance.

New China Insurance adheres to the "customer-centric" product development concept, deeply studies the protection needs at different stages of life, and forms distinctive product characteristics. In response to the differentiated needs of customers, New China Insurance has established a comprehensive product system, covering ordinary insurance products and new life insurance products, which can fully meet the needs of accident risk prevention, health, medical treatment, pension, children's education, family financial management and other aspects at all stages of life.

By the end of 2013, Xinhua Insurance had 35 provincial-level branches, 246 prefecture-level central branches, 550 branches, 774 marketing service departments and 21 sales departments across the country, forming diversified sales and service channels including individuals, banks, and various innovative channels.

Summary. New China Life Insurance Co., Ltd. (hereinafter referred to as New China Insurance) was established in Beijing on September 6, 1996. It is a national professional life insurance company approved by the first People's Bank of China.

New China Life Insurance Co., Ltd. (hereinafter referred to as New China Insurance) was established in Beijing on September 6, 1996. It is a national professional life insurance company approved by the first People's Bank of China.

Xinhua Insurance does not belong to a central enterprise, but the major shareholder of Xinhua is ** Huijin Company, which is also the nature of the national team. There are only four insurance companies in the domestic central enterprises, namely Chinese Life, Chinese People's Insurance, China Taiping (not Pacific), and China Export & Credit Insurance Corporation.

Summary. Hello dear, Xinhua Insurance is a state-owned enterprise. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that perform the duties of investors on behalf of the state and local people, including enterprises at the same level and enterprises formed by investment at the same level and their level by level supervised by local state-owned assets supervision and administration institutions and other departments.

State-owned enterprises are owned or controlled by the state, and the will and interests of the state determine the behavior of state-owned enterprises. State-owned enterprises are the backbone of national economic development and the pillars of socialism with Chinese characteristics.

I hope the above can help you, thank you!

What kind of company is Xinhua Insurance?

Hello dear, I am sorting out the answer for you, please be patient for a while, thank you!

Hello dear, Xinhua Insurance is a state-owned enterprise. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that perform the duties of investors on behalf of the state and local people, including enterprises at the same level and enterprises formed by investment at the same level and their level by level supervised by local state-owned assets supervision and administration institutions and other departments. State-owned enterprises are owned or controlled by the state, and the will and interests of the state determine the behavior of state-owned enterprises.

State-owned enterprises are the backbone of national economic development and the pillars of socialism with Chinese characteristics. I hope the above can help you, thank you!

New China Insurance Company is a large life insurance company. Founded in September 1996 and headquartered in Beijing, Xinhua Life Insurance Co., Ltd. (hereinafter referred to as Xinhua Insurance Company or New China Life) is a large-scale life insurance company. In 2011, Xinhua Insurance was listed on the Hong Kong Stock Exchange and the Shanghai ** Stock Exchange at the same time, with 601,336 A shares and 601,336 H shares, and the company's total assets reached 100 million yuan, achieving positive growth in premium income and continuing to maintain the top three position in the domestic life insurance industry.

In 2014, the company achieved insurance business income of RMB 100 million, the company's total assets reached 100 million yuan, achieved positive growth in premium income, continued to maintain the top three position in the industry, and was shortlisted in the Forbes Global 500 for the first time in 2014.

Summary. New China Insurance is a large life insurance company. Founded in September 1996, New China Life Insurance Co., Ltd. (hereinafter referred to as "New China Insurance") is a state-controlled listed life insurance company and a directly managed enterprise of China Investment Corporation.

It has subsidiaries such as Xinhua Asset Management Co., Ltd., Xinhua Home Pension Enterprise Management (Beijing) and Xinhua Excellence Health Investment Management.

New China Insurance is a large life insurance company. Founded in September 1996, New China Life Insurance Co., Ltd. (hereinafter referred to as "New China Insurance") is a state-controlled listed life insurance company and a directly managed enterprise of China Investment Corporation. It has subsidiaries such as Xinhua Asset Management Co., Ltd., Xinhua Home Pension Enterprise Management (Beijing) and Xinhua Excellence Health Investment Management.

New China Insurance has a strong team of life insurance sales personnel and about 10,000 regular employees, and has 1,596 branches at all levels across the country. So far, it has provided various life insurance, health insurance, personal accident insurance and endowment insurance services for about 10,000 individual life insurance customers and about 10,000 institutional customers.

In 2012, the company achieved insurance business income of RMB 100 million, and the company's total assets reached 100 million yuan, achieving positive growth in premium income and continuing to maintain the top three position in the industry.

Is there anything else you can help with?

Xinhua Insurance Company is a state-owned enterprise. Founded in September 1996, Xinhua Life Insurance Co., Ltd. (hereinafter referred to as Xinhua Insurance) is a state-controlled listed life insurance company, a directly managed enterprise of China Investment Corporation, and one of the Fortune and Forbes Fortune 500 companies. The company's main shareholders are ** Huijin Investment Co., Ltd., China Baowu Iron and Steel Group ****, etc.

In 2011, New China Insurance was simultaneously listed on the Shanghai ** Stock Exchange and the Hong Kong Stock Exchange.

The company anchors the development vision of China's best financial service group with all-round life insurance business as the core, with the mission of providing customers with the guarantee of a happy life, building a platform for employees to achieve themselves, providing stable and sustainable returns for shareholders, and adding harmony and tranquility to the society, providing customers with products and services covering risk protection and wealth planning covering the whole life cycle, focusing on promoting the development of the pension industry and health industry, strengthening and stabilizing the asset management business, and helping the development of the main business of life insurance. comprehensively improve the level of scientific and technological empowerment; Practice excellent service, excellent growth, and excellent management, and achieve healthy, sustainable, and high-quality development.

New China Insurance has established a nationwide sales and service network with more than 1,700 branches, providing a comprehensive range of life insurance products and services to more than 33 million individual customers and 10,000 institutional customers in 2022. In 2022, the company achieved operating income of RMB214.3 billion, total premium income of over RMB163 billion, and total assets of over RMB1 trillion.