New China Life Insurance
Chinese state-owned insurance company / From Wikipedia, the free encyclopedia
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New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan (Chinese: 新华保险集团) is a Chinese life insurance company based in Beijing. The Chinese government owns more than half of the shares of the company via sovereign fund Central Huijin, via state-owned enterprise Baosteel Group and a financial service company China Securities Finance.
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Company type | State-owned enterprise; Public |
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Industry | Financial services |
Founded | September 1996 (1996-09) |
Headquarters | NCI Tower, Beijing , China |
Services | Life insurance |
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Parent | State Council of China |
Website | newchinalife.com |
Footnotes / references in a consolidated basis[1] |
New China Life Insurance Co., Ltd. | |||||||
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Simplified Chinese | 新华人寿保险股份有限公司 | ||||||
Traditional Chinese | 新華人壽保險股份有限公司 | ||||||
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New China Insurance Group | |||||||
Simplified Chinese | 新华保险集团 | ||||||
Traditional Chinese | 新華保險集團 | ||||||
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The company is a constituent of the CSI 300 Index, FTSE China A50 Index and Hang Seng China Enterprises Index, and is a former constituent of the SSE 50 Index (blue chip of Shanghai Stock Exchange).[citation needed]
The company was ranked 427th in 2016 Fortune Global 500 and 297th in 2016 Forbes Global 2000.