) ▁of ▁China ▁( PI CC ▁Group ). ▁However , ▁in ▁ 1 9 9 9 , ▁the ▁State ▁Council ▁of ▁the ▁People ' s ▁Republic ▁of ▁China ▁decided ▁to ▁break ▁down ▁the ▁P IC C ▁Group ▁into ▁China ▁Life , ▁China ▁Re ▁and ▁the ▁current ▁P IC C ▁Group , ▁while ▁China ▁In sur ance ▁Company ▁received ▁over se as ▁business es ▁of ▁the ▁former ▁larger ▁P IC C ▁Group . ▁China ▁In sur ance ▁Company ▁also ▁not ▁part ▁of ▁the ▁new ▁P IC C ▁Group ▁after ▁the ▁re - organ ization . ▁ ▁As ▁of ▁ 3 1 ▁December ▁ 2 0 1 8 , ▁China ▁Ta ip ing ▁In sur ance ▁Group ▁owned ▁ 5 9 . 6 4 % ▁shares ▁of ▁the ▁listed ▁company . ▁Ministry ▁of ▁Fin ance ▁owned ▁ 9 0 % ▁st ake ▁of ▁China ▁Ta ip ing ▁In sur ance ▁Group . ▁The ▁rest ▁of ▁the ▁st ake ▁of ▁China ▁Ta ip ing ▁In sur ance ▁Group ▁was ▁owned ▁by ▁the ▁National ▁Social ▁Security ▁Fund ▁since ▁January ▁ 2 0 1 9 . ▁ ▁Foot notes ▁ ▁References ▁ ▁External ▁links ▁▁▁ ▁Category : Comp an ies ▁listed ▁on ▁the ▁Hong ▁Kong ▁Stock ▁Exchange ▁Category : Fin an cial ▁services ▁companies ▁established ▁in ▁ 2 0 0 0 ▁Category : G overn ment - owned ▁companies ▁of ▁China ▁Category : In sur ance ▁companies ▁of ▁China ▁Category : In sur ance ▁companies ▁of ▁Hong ▁Kong ▁Category : Min istry ▁of ▁Fin ance ▁of ▁the ▁People