China Life's shareholding system reform plan has been adjusted cooperatively, and the existence and shareholding of companies and joint-stock companies have been retained. Xinhua life insurance group company. China Life Insurance Co., Ltd. and China Life Asset Management Company have completed legal procedures with the group company. The joint-stock company shows that all overseas listing documents have been completed before August 18.

In the original plan, the company and the joint-stock company were retained as two guarantee companies, but in the existing plan, China Life Group Company was approved by the China Insurance Regulatory Commission as a wholly state-owned group on June 20th. It not only needs the business expenses and assets formed by China Life before 1999, but also the holding company and the parent company. China Life Asset Management Co., Ltd. and China Life Insurance Co., Ltd., which represent the country, are further advocated as joint-stock companies. The company, which was approved by the China Insurance Regulatory Commission on June 27th. The group will also apply for a property insurance license and has agreed in principle.