China Life was ranked 290th among the 2002 Fortune Global 500 companies by Fortune, a renowned U.S. financial magazine, in terms of total business revenue, making it the first mainland Chinese insurance company to enter the Fortune Global 500. In 2003 and 2004, China Life was ranked 241st and 212th respectively among the world's top 500 companies. On September 1, 2004, China Life was ranked No. 1 among the top 50 life insurance companies in Asia (excluding Japan) by FinanceAsia, a world-renowned financial magazine, Euromoney, in its 2003 Asian Corporate Awards. In the second edition of "China's 500 Most Valuable Brands" organized by the World Brand Lab and the World Economic Forum***, China Life's brand value* rose from RMB 42.767 billion in 2004 to RMB 48.667 billion in 2006, making it the No. 1 brand in China's insurance industry, and ranked among the top 10 most valuable brands in China. Corporate Culture The company adheres to the "double-completion" concept of "to become a person for oneself and to achieve one's own goals", advocates the work style of "pragmatic, standardized, strict, forbidding, hard work and innovation", and actively promotes the "work style" of "to become a person for oneself and to achieve one's own goals". Work style, and actively promote the "external image, internal spirit" of the cultural construction project, comprehensively shaping the "heavy integrity, self-improvement to the future" of the corporate character.
We have known each other for many years, and we are worthy of trust
China Life Insurance Company Limited is the largest life insurance company in China, headquartered in Beijing. As a core member of China Life Insurance (Group) Company, which is one of the Fortune 500 companies and one of the world's top 500 brands, the company has won the trust of the widest range of customers in the society with its long history, solid strength, professional leading competitive advantages and world-renowned brand, and has always occupied the position of leader in the domestic insurance market. It has always occupied the leading position in the domestic insurance market, and is regarded as the "mainstay" of China's insurance industry. China Life's Ten Advantages
(1) Long History
China Life Insurance Company (CLIC) is the largest wholly state-owned specialized commercial life insurance company in mainland China, under the leadership of the State Council, with a long history of more than 50 years, and the largest scale, the largest number of customers, and the widest coverage. According to the ranking of the 100 largest life insurance companies in the Asia-Pacific region published by Asia Weekly in 2001, China Life ranked 13th, which is the highest ranking life insurance company in mainland China. China Life, which is the same age as the People's Republic of China, is one of the earliest insurance companies in the country, and is responsible for exploring and pioneering China's life insurance industry. After more than half a century of development, China Life is well versed in the ways of operating in the domestic life insurance market.
The new "2009 All-Star List of China's 25 Most Admired Listed Companies" better reflects the competitive environment faced by today's Chinese listed companies. The survey*** covers 17 industries and 457 candidate companies. This year's large state-owned listed companies continue to lead the pack, with PetroChina at the top of the list, followed by China Life and Bank of Communications, and, happily, for the first time ever, two construction companies on the all-star list. These large, innovative listed companies have emerged victorious from tough times, and have invariably outperformed and grown stronger than their international rivals.
Like last year, our editorial team invited Anthony Bolton, principal analyst at The Buffett Magazine, to share with readers the investment value of the 25 "Most Admired Listed Companies" from an investment standpoint, with his deep experience and professional insights. "The investment value of the company, I hope his advice will be helpful to your investment.
-On January 9, 2007, China Life Insurance Company Limited returned to the domestic A-share market, becoming the first "triple-listed" financial and insurance company in China.
-On December 17 and 18, 2003, China Life Insurance Company Limited was listed in New York and Hong Kong respectively, creating the world's largest IPO in that year.
-On June 30, 2003, China Life Insurance Company accelerated the pace of reform and development, formed China Life Insurance (Group) Company, and exclusively initiated the establishment of China Life Insurance Co. Ltd.
- In January 1999, the State Council approved the establishment of China Life Insurance Company.
-In 1996, China Life Insurance Co., Ltd. was established, and China Life began to step into the era of life insurance business specialization.
- In October 1949, the Central Government approved the formation of the only insurance company in China, which started the first year of China Life's development.
(ii) Strong capital
At the end of 2001, the company's total assets reached 221.44 billion yuan, accounting for 48.18% of the total assets of the national insurance companies, and the asset scale accounted for half of the national insurance companies.
In 2001, the company's premium income reached 81.236 billion yuan, accounting for 57% of the national market share of life insurance market, and it has always been the industry leader of China's life insurance market. In 2001, the company's premium income reached 81.236 billion yuan, accounting for 57% of the national life insurance market.
(C) Dense service network
The sales network is widely distributed throughout the country, with more than 4,800 branches above the county level, 52,500 urban and rural agency outlets, and 12,000 part-time agencies employing more than 600,000 individual agents. There is an office in Japan.
(D) strong capital
It is expected that by the end of 2002, the balance of the company's capital will reach 240 billion yuan.
(V) Flexible use of funds
In 2001, the company realized investment income of 4.5 billion yuan, an increase of 23.28% year-on-year, demonstrating its investment technology and strength in the use of funds.
* Bond market: the primary market underwriting insurance system ranked first, the secondary market trading volume ranked among the top 5 of the exchange. * Repurchase market: in 2001, the volume of 244.5 billion, accounting for 17.17% of the exchange repurchase market volume of 1424.3 billion, is a long-term capital market funds supplier. * Fund market: with an investable amount of $22 billion and a fund market capacity of less than $70 billion, it is the most influential institutional investor. * Banks: agreement deposits account for more than 50% of the total deposits of all insurance companies in the country, which is an important supplier of long-term funds to commercial banks.
(vi) Largest market share
Premium income of 81.236 billion yuan in 2001 accounted for 57% of China's life insurance market.
(VII) Advanced technology
The company has invested heavily in information technology, with 100% equipment coverage. The company has fully realized computerized business and office processing, taking the lead in the era of electronic office.
(H) Complete insurance products
More than 100 types of insurance provide customers with a variety of options and comprehensive protection.
(ix) "95519" service to permanent
"95519" customer service telephone, enthusiastically provide customers with risk consulting, risk management, investment and wealth management, as well as pension, medical and other special, personalized and high-quality value-added services. high quality value-added services. You can call 95519 from anywhere in the country in the most convenient way for you.
(J) Good corporate culture
"To be a man for others, to be a man for oneself" is the core concept of our corporate culture: on the one hand, the purpose of continuously improving and expanding ourselves is to better serve our customers and society. On the other hand, only by continuously improving and developing ourselves can we better serve our customers and society.