Huatai Property Insurance Co., Ltd. is the first national joint-stock property insurance company in China. It officially opened in Beijing on August 29th, 1996. The registered capital of the company is138.3 billion yuan. More than 50 shareholders are large enterprises and enterprise groups with strong strength, large scale and good benefits, covering finance, petroleum, electric power, metallurgy, coal, chemical industry, aviation and shipbuilding. The company carries out four types of insurance business: property loss, liability, accidental injury and health, and is still developing credit insurance products, covering many fields of the national economy and people's livelihood. By 2008, the company had branches in nearly 60 cities across the country, forming a nationwide business layout.
In May, 2002, American ACE Group, a world-famous insurance group, invested in Huatai, which brought advanced business philosophy and global business support network to Huatai. In 2005, Huatai Asset Management Company and Huatai Life Insurance Company, with Huatai Property Insurance Company as the main investors, opened, marking a solid step for Huatai on the road to collectivization. After several years of development, Huatai Asset Management Company and Huatai Life Insurance Company have become outstanding enterprises with strong competitiveness in the industry.
In August, 2008, Huatai ranked 294th in the "Top 500 Service Enterprises in China" selected by China Entrepreneurs Association, ranking 1 in sales, 26th in return on net assets and 48th in profit, and was listed as a performance-oriented growth enterprise.