Insurance Sector
(1,103 words)

1. People's Republic of China

The new government of the People's Republic established the People's Insurance Company of China (PICC) as early as 1949. The company was responsible for all insurance business domestic and abroad. It was at first subordinated to the People's Bank of China (PBoC) and was later put under the jurisdiction of the Ministry of Finance in 1952. After 1958, with the completion of socialist restructuring…

Cite this page
Fischer, Doris and Schüller, Margot, “Insurance Sector”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 18 August 2017
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018



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