PICC Property and Casualty Company Limited

PICC Property and Casualty Company Ltd. (PICC P & C), as the largest non-life insurance company in mainland China, was established by the People’s Insurance Company (Group) of China in July 2003 under the validation of the State Council and approval of the China Insurance Regulatory Commission (CIRC), with a registered capital of RMB 11.1418 billion. The Company once was the People’s Insurance Company of China, which was founded by the People’s Bank of China under the approval of the Committee of Finance and Economy of the State Council on October 20, 1949.
　　PICC P & C is a flagship subsidiary of the PICC Group, and enjoys an outstanding reputation in the insurance market both home and abroad. On November 6, 2003, the Company successfully launched its IPO in Hong Kong, becoming the first large Chinese state-owned financial enterprise that went public overseas. Supported by its comprehensive strength, PICC P & C stands as the official insurance partne... [Details]