OREANDA-NEWS. November 09, 2012. CNPC and China Taiping Insurance Group signed a strategic cooperation agreement on deepening cooperation in insurance business, reported the press-centre of CNPC.

CNPC Chief Financial Officer Wang Guoliang and Executive Chairman of China Taiping Wang Bin attended the signing ceremony. Zhou Mingchun and Peng Wei, Financial Director of PetroChina and Vice President of China Taiping, signed on the strategic agreement on behalf of each side.

According to the agreement, CNPC and China Taiping will collaborate in the fields of enterprise annuities, enterprise property insurance, cooperation between subsidiary insurance companies of the two sides, employee welfares, and insurance brokerages.

Founded in 1929, China Taiping is one of the four state-owned insurance groups under the management of SASAC, with business covering life insurance, property insurance, endowment insurance, reinsurance, reinsurance broker and insurance agency, securities brokerage, asset management and non-financial investment, etc.