New china life insurance co Co., Ltd. (hereinafter referred to as Xinhua Life Insurance Company or Xinhua Life Insurance Company) Xinhua Life Insurance Company is a large life insurance company with many branches all over the country. The company is mainly engaged in life insurance, annuity insurance, health insurance and other life insurance business.
The second, third, fourth and fifth largest shareholders of Xinhua Life Insurance are all state-owned assets, with a total shareholding ratio of over 50%. Therefore, the controlling stake of Xinhua Life Insurance is still in the hands of state-owned capital, so Xinhua Life Insurance is still a state-owned enterprise and belongs to a joint-stock enterprise controlled by state-owned assets.