China Pacific Insurance (Group) Co., Ltd. (CPIC) was established on the basis of China Pacific Insurance Co., Ltd., which was founded on May 13, 1991. Headquartered in Shanghai, its registered capital stands at RMB 7.7 billion.  The company was listed in Shanghai Stock Exchange on Nov. 25, 2007, with the stock code of 601601 and the stock name of “ China Pacific”.

 As a responsible insurance company, China Pacific adheres to the core value of commitment to business integrity in pursuit of steady growth and performance excellence. The company actively impulses the sustained value increase, constantly creates value for clients, shareholders, employees, society and other stakeholders and makes contribution to a harmonious society as well.

The group has several subsidiaries: China Pacific Life Insurance Co., Ltd., China Pacific Property Insurance Co., Ltd., Pacific Asset Management Co., Ltd., China Pacific Insurance (H.K.) Co., Ltd., and Pacific-Antai Life Insurance Co., Ltd. The gross asset of CPIC Group hit RMB 319.39 billion and the net asset reached RMB 48.74 billion in 2008. In 2008, the company recorded premium income of RMB 94020 million, or 26.6% higher than that of the year before. The company ranked third in the PRC life insurance market and second in the PRC property and casualty insurance market according to the market share based on PRC insurance industry data published by CIRC.

The company has established a sales and services network covering almost the whole country. By the end of 2008, CPIC Group has over 5400 branches and marketing outlets and nationwide sales and service network, 64,000 employees and 220,000 sales over the country, providing individual and institutional clients a wide range of risk prevention solutions, financial advices and asset management.

While focusing on its development, CPIC has dedicated itself to charity activities in fulfilling its duty as a corporate citizen. It has, ever since its establishment, taken an active role in helping the orphans and disabled and people in flood stricken areas. We have established more than 60 Hope Primary School with a total investment of RMB 30 million. The company has donated over RMB 80 million during the period of the Huge Flood Disaster in 1998, SARS, Blizzard Disaster in 2008 and the devastating May 12 Earthquake.

Generally speaking, CPIC has set up the strategic objective of building itself into an internationalized insurance and finance service group focusing on the insurance business, stepping steadily towards a modern financial group with excellent crediting standing, outstanding brand, prudent financial operation and outstanding services and profits.