2012, PICC's H shares were listed on the Stock Exchange of Hong Kong. It was followed by the A shares in 2018 on the Shanghai Stock Exchange. US-based multinational insurer American International Group (AIG) was the cornerstone investor in the 2012 IPO, as well as in 2003 for the IPO of the subsidiary PICC P&C. Businesses PICC has branch offices in London and New York as well as in the cities and towns of China. PICC is selected by Fortune magazine as part of Fortune Global 500 since 2010. As of 2019 edition, the company was ranked 121st. The company also part of the Forbes magazine's Forbes Global 2000. As of 2019 edition, the company was ranked 155th. PICC Property and Casualty PICC's subsidiary, PICC Property and Casualty (PICC P&C) is China's largest issuer of Property and casualty insurance. It is licensed to provide all major lines of insurance except life insurance. It is the designated agent within the Mainland China for most international insurance companies. As of 2018, the market share of PICC P&C in its sector is 33.0%. According to S&P Global Ratings citing China Insurance Regulatory Commission, PICC P&C's market share (by direct premium) in property and casualty insurance in the first half of year 2017 was 34.0% and ranked the first. The second was Pingan Insurance (19.6%). The People's Insurance Company of China (Hong Kong) In Hong Kong, PICC has another subsidiary The People's Insurance Company of China (Hong Kong), Limited () for 75.00% stake. Fellow listed company is a minority shareholder as of 2018. That subsidiary was formerly known as Peterson Insurance Company Limited () as well as Guangdong Asia Insurance Company Limited () before acquired by PICC in 2002 from Guangdong Holdings. It provides non-life insurance. PICC Life Insurance In 2005, PICC formed a Sino-foreign joint venture PICC Life Insurance (). Japanese insurer Sumitomo Life took 29% stake, followed by Hong Kong listed company (Hong Kong is considered as foreign investor in Mainland Chinese laws) and Thai listed company Bangkok Bank for 10% each. However, after several capital increases, PICC owned PICC Life for 71.077% stake directly, plus additional 8.615% stake via non wholly owned subsidiary PICC P&C and 0.308% stake via wholly owned subsidiary PICC Asset Management as of 31 December 2018. The foreign investors only owned a combined 20% stake. The joint venture would sell insurance products, including savings-oriented endowment insurance policies.