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            CNPC > About CNPC > Our Businesses > Finance
            Finance

            CNPC carries out financial business such as asset management, financing and insurance, asset reconstruction, equity financing, acquisition and merger, as well as investment, management and disposal of stock equity.

            CNPC's investment and asset management operations are mainly specialized in strategic equity investment, acquisition and merger, investment in financial products, Cash Value Added, asset management & operation, liquidation and disposal of bad assets, and equity operation in companies that CNPC is a stakeholder.

            CNPC's insurance business is operated by its two joint ventures with ASSICURAZIONI GENERALI, i.e. Generali China Life Insurance Co., Ltd. and Generali China Insurance Co., Ltd.

            In 2017, our financial service arm CNPC Capital was publicly listed after restructuring. The restructured company holds the most extensive set of financial licenses in the A-share market among central enterprises under SASAC, with business covering in-house banking, banking, financial leasing, trust, insurance, insurance brokerage and securities.

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