With the approval of the competent authorities, CISFC has participated in resolving the risks of China United Insurance Holdings Co., Ltd. (CIC).

In April 2010, CISFC accepted the engagement of the State-owned Assets Supervision and Administration Commission of the Xinjiang Production and Construction Corps and relevant shareholders to manage 75.13% shares of CIC held by them and exercise corresponding shareholder’s rights on their behalf. In August of that year, CIC reelected its board of directors to establish an appropriate corporate governance structure.

In January 2012, CISFC entered into an agreement with CUIIH to inject RMB 6 billion into the company and accelerated its market-based restructuring. In September of that year, CISFC assisted CIC in obtaining RMB 7.81 billion from the strategic investor, China Orient Asset Management Co., Ltd., properly addressing its insolvency issue. CIC’s property insurance subsidiary maintained stable and rapid development in its insurance business, making profits consecutively for years. In 2015, CIC’s life insurance subsidiary and e-commerce subsidiary were established and started business. Since then, CIC has achieved healthy operation.

In November 2015, CISFC publicly listed 6 billion shares of CIC on Beijing Financial Assets Exchange for transfer, and transferred the shares in January 2016 at the total price of RMB 14.405 billion, 99.97% higher than the appraised value thereof. This transfer marked the safe and smooth exit of the China Insurance Security Fund and the successful resolution of the risks of CIC.

In November 2017, CISFC publicly listed 862 million shares of China United Insurance Group on Shanghai United Assets and Equity Exchange for transfer, and completed the transfer in January 2018 at which time CISFC has divested all shares in China United Insurance Group.