A Global 500 Enterprise Joins in Binhai Fund Town
Recently, the Binhai New Area Office of Taiping Property and Casualty Insurance Tianjin Branch has officially joined in Binhai Fund Town. It is the first central financial enterprise insurance branch in TEDA’s Yuxiang Area. The company will actively develop and promote insurance products, including first major technical equipment and new materials, to support the construction of Advanced Manufacturing R&D Base in Binhai New Area. The company will also focus on developing unique and innovative science and technology insurance products while increasing support for seed and start-up manufacturing enterprises. Additionally, the company will leverage the advantages of its group’s comprehensive financial services, collaborating with units such as Taiping Life Insurance, Taiping Pension Insurance, Taiping Assets, and Taiping Industrial Investment to expand insurance funds’ investment in the region’s advanced manufacturing and strategic emerging industries, ultimately augmenting the high-quality development of the financial industry in TEDA and even Binhai New Area.
In recent years, China Taiping has experienced rapid growth, securing a place in the Fortune Global 500 for five consecutive years. By 2022, the company’s total insurance premiums reached 227.5 billion yuan, with total assets exceeding 1.2 trillion yuan and its asset management scale surpassing 2.1 trillion yuan. It has become a large multinational financial and insurance conglomerate, with 24 subsidiaries and over 2000 operating branches at various levels.
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