View source for China Pacific Insurance Company

{{distinguish|text=[[China Taiping Insurance Holdings]], which has a similar Chinese name}}
{{Infobox company
| name = China Pacific Insurance (Group)
| native_name = 中国太平洋保险(集团)股份有限公司
| trade_name = {{ubl|China Pacific Insurance|China Pacific Insurance Company|CPIC}}
| former_name = China Pacific Insurance Corporation
| logo = 
| type = [[Public Company|Public]] 
| traded_as = {{ubl|{{SSE|601601}} (A share)|{{hkex|02601}} (H share)|{{lse|CPIC}}}}
| foundation = {{start date and age|1991}}
| founder = 
| location_city = [[Shanghai]]
| location_country = [[China]]
| location =
| key_people = {{aligned table|fullwidth=y|style=text-align: left; font-size: 100%;|Kong Qingwei|(chairman & executive&nbsp;director)|Huo Lianhong|(executive&nbsp;director)<ref>{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0821/LTN20170821734.pdf|title=ANNOUNCEMENT ON CESSATION OF PRESIDENT|date=22 August 2017|access-date=29 August 2017|publisher=China Pacific Insurance|via=Hong Kong Stock Exchange}}</ref>|Zhang Yuhua|(deputy president)}}
| area_served = China
| industry = Financial services
| products =
| services = Life and non-life insurance
| revenue = {{increase}} {{CNY|link=yes|247.0&nbsp;[[1,000,000,000|billion]]}}
| revenue_year = 2015 
| operating_income = {{increase}} {{CNY|24.3&nbsp;billion}}
| income_year = 2015
| net_income = {{increase}} {{CNY|17.8&nbsp;billion}}
| net_income_year = 2015
| assets = {{increase}} {{CNY|923.8&nbsp;billion}}
| assets_year = 2015
| equity = {{increase}} {{CNY|133.3&nbsp;billion}}
| equity_year = 2015
| num_employees = 
| parent =
| divisions = 
| subsid = 
| owner = {{aligned table|fullwidth=y|style=text-align: left; font-size: 100%;|Central&nbsp;Government&nbsp;of&nbsp;China|(23.05%)|Shanghai&nbsp;Government|(21.33%)|China Securities Finance|(2.36%)}}
| rating =
| homepage = [http://www.cpic.com.cn cpic.com.cn]
| footnotes = in a consolidated basis<ref>{{cite web|url=http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0427/LTN201604271626.pdf|title=2015 Annual Report|date=27 April 2016|access-date=20 October 2016|work=China Pacific Insurance|publisher=archive of Hong Kong Stock Exchange}}</ref>
}}
{{Chinese
|title=China Pacific Insurance (Group) Co., Ltd.
|s=中国太平洋保险(集团)股份有限公司
|t=中國太平洋保險(集團)股份有限公司
|p=Zhōngguó tàipíngyáng bǎoxiǎn (jítuán) gǔfèn yǒuxiàn gōngsī
|altname=Pacific Insurance
|s2=太平洋保险
|t2=太平洋保險
|p2=tàipíngyáng bǎoxiǎn
|
|s3=中国太保
|t3=中国太保
|p3=tàibǎo
|order=st}}
'''China Pacific Insurance (Group) Co., Ltd.''' (CPIC) known as '''Pacific Insurance''', is a Chinese insurance company. It was established on the basis of the former '''China Pacific Insurance Corporation''', which was founded in 1991 approved by the People's Bank of China. Its headquarters is in [[Shanghai]].<ref>[http://ebiz.cpic.com.cn/eproduct/english/about_6.html Profile of China Pacific Insurance (Group) Co.,Ltd]{{dead link|date=August 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

CPIC Group is the second largest [[property insurance]] company (after [[People's Insurance Company of China]]) and the third largest [[life insurance]] company (after [[China Life Insurance]] and [[Ping An Insurance]]) in [[Mainland China]].<ref>[http://english.cri.cn/3130/2007/12/07/262@302279.htm China Pacific Insurance Releases Prospectus for A-share IPO]</ref> It provides integrated insurance services, including [[life insurance]], [[property insurance]] and [[reinsurance]], through its [[subsidiaries]].<ref>[http://finance.google.com/finance?q=SHA:601601 Summary of China Pacific Insurance Group]</ref>

The company offers life and property insurance products and services through its [[subsidiaries]], '''China Pacific Life Insurance Co., Ltd''' and '''China Pacific Property Insurance Co., Ltd.''', respectively. Through its subsidiary China Pacific Asset Management Co., Ltd, the company is also involved in the management, provision of consulting services relating to asset management<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=5471113|website=www.bloomberg.com|access-date=2019-03-05|title=Stocks }}</ref> and operation of insurance assets. The company's property insurance products include [[car insurance]], insurance of family's properties, [[liability insurance]], investment type insurance and [[accident insurance]]/injury insurance, while its life insurance products include [[endowment insurance]], [[health insurance]], juvenile assurance, insurance cover services and petty insurance.

{{gallery
|File:2018 Dongfeng-Citroën C-Elysée (facelift), front 8.3.18.jpg|A CPIC vehicle unit, seen in [[Luoyang]], China
}}

==Listings==
Its [[A-share (mainland China)|A shares]] were listed on the [[Shanghai Stock Exchange]] on December 25, 2007, with [[Initial public offering|IPO]] price 30 [[Renminbi|yuan]] per share. At the first trading day, its share price closed at 48.17 yuan, 61% more than its IPO price.<ref>[http://www.dailytimes.com.pk/default.asp?page=2007%5C12%5C26%5Cstory_26-12-2007_pg5_30 China Pacific Insurance jumps 61 percent in Shanghai debut]</ref> It is planning to issue [[H shares]] in the [[Hong Kong Stock Exchange]] in near future.<ref>{{Cite web |url=http://www.financeasia.com/article.aspx?CIaNID=71307 |title=China Pacific sounds out market for H-share IPO |access-date=2008-03-09 |archive-url=https://web.archive.org/web/20080825150028/http://www.financeasia.com/article.aspx?CIaNID=71307 |archive-date=2008-08-25 |url-status=dead }}</ref> CPIC dropped below the IPO price of RMB¥30 on 26 March 2008 and closed at RMB¥27.98.<ref>[http://sg.news.yahoo.com/rtrs/20080326/tbs-pacificinsurance-stock-7318940.html China Pacific Insurance falls below IPO price]{{Dead link|date=July 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

Its [[H shares]] were listed on the Hong Kong Stock Exchange on 23 December 2009 with IPO price of HK$28 per share.<ref>[https://www.reuters.com/article/idUSTOE5BM00N20091223?type=hongkongMktRpt HK shares may rise; China Pacific debut eyed]</ref>

==Shareholders==
{{as of|2015|12|31}}:
* [[State Council of the People's Republic of China|Central People's Government of China (State Council)]]
** [[State-owned Assets Supervision and Administration Commission of the State Council|State-owned Assets Supervision and Administration Commission (SASAC) of the State Council]]
*** [[Baosteel Group]] (14.93%)
** The [[Ministry of Finance of the People's Republic of China]] (via China Tobacco)
*** via [[Shanghai Tobacco Group]] (5.17%)
*** via {{Interlanguage link multi|Hongta Group|zh|3=紅塔集團}} (1.73%)
** [[China Securities Finance]] Co., Ltd. (2.36%)
**[[Central Huijin Investment]] (1.22%)
* SASAC of the [[Shanghai Municipal People's Government|Shanghai Municipal Government]] (21.33%)
** [[Shenergy Group]] (13.52%)
** [[Shanghai State-owned Assets Operation]] Co., Ltd. (5.04%)
** [[Shanghai Jiushi Group|Shanghai Jiushi (Group) Co., Ltd.]] (2.77%)
* general public (53.26%)

== References ==
{{reflist|30em}}

==External links==
*{{official website|http://www.cpic.com.cn}}

{{Insurance companies of China}}
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[[Category:Companies formerly in the Hang Seng China Enterprises Index]]
[[Category:Insurance companies of China]]
[[Category:H shares]]
[[Category:Companies owned by the provincial government of China]]
[[Category:Companies based in Shanghai]]
[[Category:Financial services companies established in 1991]]
[[Category:Chinese brands]]
[[Category:China Tobacco]]
[[Category:Baowu]]
[[Category:Companies listed on the Shanghai Stock Exchange]]
[[Category:Companies in the CSI 100 Index]]
[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Chinese companies established in 1991]]