The People's Insurance Co (Group) of China Ltd logo

The People's Insurance Co (Group) of China Ltd - ADR

OTCPK:PINXY (China)   ADR
$ 6.69 0 (0%) 09:08 PM EST
3.53
P/B:
0.43
Market Cap:
$ 14.79B
Enterprise V:
$ 29.86B
Volume:
-
Avg Vol (2M):
752.00
Also Trade In:
Volume:
-
Avg Vol (2M):
752.00

Business Description

Description
With headquarters in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.