According to Baidu Encyclopedia, Zhongcheng Automobile Insurance Co., Ltd. (hereinafter referred to as "Zhongcheng Insurance") was established with the approval of China Insurance Regulatory Commission in June, 201,and it is the first Chinese-funded insurance legal person institution headquartered in Guangzhou. Until 2065438+September 2005, the registered capital of the company was changed to1500 million yuan, which was jointly established by Guangzhou Automobile Group, Cai Yue Trust, York Finance and Changlong Group. Zhongcheng Insurance mainly deals in various motor vehicle insurance businesses; Other property insurance businesses related to motor vehicle insurance; Short-term health insurance and accident insurance business; Reinsurance business of the above business; Insurance fund utilization business permitted by national laws and regulations; Other businesses approved by China CIRC.