Is China Life a state-owned enterprise or a central enterprise?

China Life is a state-owned enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China and the State Council.

China Life Insurance Co., Ltd. is one of the largest insurance companies in China, headquartered in Beijing. The company was founded in 1949 as the People's Insurance Company of China.

In addition to its status as a state-owned enterprise, China Life is also a member of the China Central Enterprise Group ("CIC"). CIC is an investment holding company established by the Chinese government to manage China's foreign exchange reserves and other important assets. Therefore, China Life is also part of CIC.

In short, China Life is an insurance company that is both a state-owned enterprise and a member of the central enterprise group. As one of the largest insurance companies in China, it plays an important role in the Chinese insurance market.

Core Concept

"Double Success" embodies the philosophical concept of dialectically dealing with the relationship between "self-development" and "adulthood". "Being oneself and being a human being" means that only by continuously developing and improving oneself can one better serve others; "being an adult reaching oneself" means that only by achieving oneself and helping others can one continue to create one's own value and realize one's own ideals.

The concept of "double success" is in line with the essence of the insurance function of "one for everyone and everyone for one", embodies the characteristics of the financial and insurance industry in which China Life operates, and is a concrete promotion of the core values ??of socialism.

The concept of "double success" originates from China Life's long-standing struggle practice. It is a refined summary of the company's unique cultural qualities formed in the long-term development process. It has been melted into the spiritual core of China Life people and is The most deeply rooted core concept in China Life’s corporate culture system.

Reference for the above content: Baidu Encyclopedia-China Life Insurance (Group) Company