The people's Insurance Company of China (Hong Kong) Limited (hereinafter referred to as "PICC Hong Kong") was established on November 25, 2002, marking the first overseas operating subsidiary of PICC. Of the HK$1.61 billion registered capital, PICC group holds 89.363%, Asia Insurance Company Ltd. holds 7.393%，Bangkok Insurance Public Company Ltd. holds 2.074%，PT. Asuransi Central Asia (ACA) holds 1.170%.
PICC Hong Kong is an insurance company with all 17 property insurance business licenses in the general insurance market of Hong Kong. The company’s business scope covers general insurance businesses such as property, ships, freight, automobiles, credit guarantees, aerospace, accidental health, general legal liabilities, etc. The product system is professional and comprehensive, and its business covers mainland China, Hong Kong, Macau, Taiwan, Southeast Asia and Other countries and regions along the “Belt and Road” and radiate the world.
Since 2014, PICC Hong Kong has been continuously recognized by A.M.Best, a well-known international rating agency, and has been awarded an “A-” rating for financial strength and credit. In recent years, the company has actively responded to the national " Belt and Road Initiative", and has participated in the underwriting of landmark projects such as the Hong Kong-Zhuhai-Macao Bridge, Pakistan’s Qasim Coal-fired Power Station, Nam Ou Hydropower Station in Laos, Kamchay Hydropower Station in Cambodia, and Kenya’s Mombasa-Nairobi Railway. With customers including Well-known companies such as China Communications Construction Group, China COSCO Shipping Group, China Power Construction Group, China Petroleum & Chemical Corporation, and China General Nuclear Power Group, it has become important windows for PICC to implement the "Excellent Insurance Strategy".
PICC Hong Kong deeply implements the mission and connotation of PICC in the new era, serving the people with practical actions and making the service more considerate.