China Taiping Insurance Group Co., Ltd., hereinafter referred to as "China Taiping", was founded in Shanghai in 1929. It is the longest operating national insurance brand in China's history. It is also the only stated-owned financial enterprise with management headquarters outside mainland China.
China Taiping originated from the three national brands --Taiping Insurance, China Insurance, and Min'an Insurance combined. According to national unified deployment in 1956, China Insurance and Taiping Insurance were to cease domestic business and be devoted to insurance business in Hong Kong, Macao and overseas markets. By 1999, all state-owned insurance organizations operating overseas were incorporated into China Insurance International Holdings. Listed on the HKSE in 2000, China Taiping is China's first insurance company listed overseas. In 2001, it resumed business in mainland China. In 2009, China Insurance, Taiping Insurance and Min'an Insurance came together and were renamed China Taiping Insurance Group. In 2013, China Taiping completed corporate restructuring and a holistic listing and officially changed its name to China Taiping Insurance Group Co., Ltd.
China Taiping is based in Hong Kong, operates across borders, and serves the world. In recent years, China Taiping has developed swiftly, ranking 451st in the Fortune Global 500. In 2019, China Taiping's operating income exceeded 200 billion yuan for the first time, its total assets exceeded 820 billion yuan, and its assets under management exceeded 1.4 trillion yuan. Today, China Taiping has become a multinational financial enterprise with more than 500,000 in-house employees and field representatives, 24 subsidiaries and more than 2,000 business outlets at various levels. Based in Hong Kong, China Taiping has established subsidiaries and representative offices in 13 countries and regions including Mainland China, Hong Kong, Macao, The United Kingdom, Singapore, Indonesia, Malaysia, the United States, Japan, the Netherlands, Australia, South Africa, and Thailand. Its business scope spans fully across the insurance industry which covers life insurance, general insurance, pension insurance, reinsurance, reinsurance brokering, insurance agency, internet insurance, asset management, stock brokering, financial leasing, real estate investment and elderly care, medical and health investment, etc.
Going forward into a new era, China Taiping has steadfastly adhered to the guideline of closely following the call of the country and established a group development strategy to echo the need of new times. Under the new strategy, China Taiping is striving to become an international modern financial and insurance group with global competitiveness, and has actively participated in Healthy China, Beautiful China, and Innovative China among other national initiatives. It has long contributed to the promotion of long-term prosperity and stability in Hong Kong and worked hand in hand with a variety of countries, customers, partners, shareholders, employees and all sectors of society to turn into reality the vision of "sharing Taiping".