New China Life Insurance
| Company type | State-owned enterprise; Public |
|---|---|
| Industry | Financial services |
| Founded | September 1996 |
| Headquarters | NCI Tower, Beijing , China |
| Services | Life insurance |
| Revenue | CN¥157.918 billion (2015) |
| CN¥8.601 billion (2015) | |
| Total assets | CN¥660.560 billion (2015) |
| Total equity | CN¥57.835 billion (2015) |
| Owner |
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| Website | newchinalife.com |
| Footnotes / references in a consolidated basis | |
| New China Life Insurance Co., Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 新华人寿保险股份有限公司 | ||||||
| Traditional Chinese | 新華人壽保險股份有限公司 | ||||||
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| New China Insurance Group | |||||||
| Simplified Chinese | 新华保险集团 | ||||||
| Traditional Chinese | 新華保險集團 | ||||||
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New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan (Chinese: 新华保险集团) is a Chinese life insurance company based in Beijing. The Chinese government owns more than half of the shares of the company via sovereign fund Central Huijin, via state-owned enterprise Baosteel Group and a financial service company China Securities Finance.
The company is a constituent of the CSI 300 Index, FTSE China A50 Index and Hang Seng China Enterprises Index, and is a former constituent of the SSE 50 Index (blue chip of Shanghai Stock Exchange).
The company was ranked 427th in 2016 Fortune Global 500 and 297th in 2016 Forbes Global 2000.