China Reinsurance (Group) Co., Ltd. (“China Re Group” for short) was founded by the Ministry of Finance of the People's Republic of China and Central Huijin Investment Co., Ltd., with a registered capital of RMB 42,479,808,085, of which the Ministry of Finance holds 12.72% of the shares and Central Huijin Investment Co., Ltd. holds 71.56% of the shares. China Re Group originated from the People's Insurance Company of China, which was established in October 1949, and was completely restructured as a limited company in October 2007. As of November 2015, China Re Group directly controlled 5 domestic subsidiaries: China Property Reinsurance Co., Ltd. (“China Reinsurance”), China Life Reinsurance Co., Ltd. (“China Re Insurance”), China Dadi Property Insurance Co., Ltd. (“China Dadi Insurance”), China Re Asset Management Co., Ltd. (“China Re Asset”), Huatai Insurance Brokers Co., Ltd. (“Huatai Broker”); directly controlled 2 subsidiaries: China Re UK and China Insurance Agency Co., Ltd.; indirectly controlled an overseas second-tier subsidiary: China Re Insurance Asset Management (Hong Kong) Limited; has 3 organizations: London Representative Office, Hong Kong Representative Office, and New York Representative Office. On October 26, 2015, China Re Group was listed and traded on the main board of the Hong Kong Stock Exchange Limited and became a listed company. The stock code is 01508.HK. Adhering to the strategic orientation of “marketization, specialization and internationalization”, China Re Group is deeply involved in the domestic market, expanding the international market, improving the core business of deep reinsurance, continuing to strengthen the comprehensive business layout in direct insurance, asset management, etc., and actively creating differentiated competitive advantages. It is committed to becoming a comprehensive reinsurance group with outstanding risk management capabilities, leading domestic and world-class.
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