On December 13, the 2023 “Top 500 World Brands“The list was announced, China Life17 consecutive yearsSelected, ranked in 2023No. 89ranking higher than last yearUp 3 placesentered the top 100 for three consecutive years,Continue to lead China’s financial and insurance companies.
In the 2023 “Fortune” magazine’s “Fortune 500” list, China Life ranks 54th. In the 2023 “China’s 500 Most Valuable Brands” list released by the World Brand Laboratory, China Life ranked fifth, with a brand value of RMB 485.567 billion, ranking first in the industry.
China Life lives and prospers with the country. It is a large state-owned financial and insurance company and an important institutional investor in China’s capital market. Its business scope comprehensively covers the three major sectors of insurance, investment and banking.The group has8 homesFirst-level subsidiary,1 homenational joint-stock commercial banks and1 schoolDirectly affiliated colleges and universities across the countryMore than 20,000branches and outlets,nearly 1 millionemployees and salespeople,More than 4,000 homesCustomer service center, and has branches and representative offices in Hong Kong, China, Macau, China, Singapore, Indonesia, London, UK, New York, USA, etc., with a total ofOver 800 millionProvide financial and insurance services to customers.
China Life has the “greatest power in the country” in mind, strengthens its mission, gives full play to the functions of insurance as a shock absorber for the economy and a social stabilizer, and more proactively integrates its own development into the overall development of the party and the country’s undertakings, striving to set an example as a “leading goose”.
Vigorously expand people’s livelihood security services
As of the first half of 2023, the management scale of corporate annuities and occupational annuities has exceeded 1.5 trillion yuan, ranking first in the industry; the accumulated reserves of annuity insurance with strong pension attributes have reached 1.7 trillion yuan, and the business scale of personal pensions and commercial pensions Leading the industry; long-term care insurance covers more than 33 million people, and the layout of the elderly care industry continues to expand. In the first half of 2023, the agricultural insurance business provided over 570 billion yuan of risk protection for about 15 million sub-farmers. The three major grain crops full cost insurance and income insurance covered an area of more than 38 million acres, and the balance of inclusive agriculture-related loans was 22 billion yuan. .
Comprehensive support for the development of the real economy
As of the first half of 2023, the stock of insurance funds invested in the real economy has exceeded 4.2 trillion yuan, and a number of influential projects have been launched; the stock of investment in science and technology for self-reliance and self-reliance has exceeded 300 billion yuan, including strategic emerging industry loans and medium- and long-term manufacturing loans. And the balance of agricultural-related loans increased by 31%, 32% and 12% respectively compared with the beginning of 2023.
Deeply serve the national security and social governance system
In the first half of 2023, catastrophe insurance premiums increased by 5% year-on-year, and agricultural insurance premiums increased by 25%; 48.6 trillion yuan of risk protection was provided to society through liability insurance, and the intelligent production safety prevention system was extended to 11 provinces, covering petroleum, Chemical, electric power, papermaking, textile, chemical fiber, machinery, metallurgy, construction and other industries; as of the first half of 2023, green insurance has provided risk protection of 5.4 trillion yuan, the scale of green investment stock has exceeded 470 billion yuan, and the balance of green credit has exceeded 1,000 billion.
In the future, China Life will closely focus on the goal of building a financial power, unswervingly follow the path of financial development with Chinese characteristics, accelerate the construction of a world-class enterprise, further use more insurance, investment, banking and other financial resources to serve the real economy, and give full play to Large state-owned financial and insurance groups play the main role in providing high-quality financial services for economic and social development.