# Yingda Taihe Property Insurance

Yingda Taihe Property Insurance is an Insurance based in Beijing, China.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** 7-8th Floors, No. 18 Jianguomen Inner Street, Dongcheng District, Beijing, China
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** ydpic.com.cn

## Regulatory record

- **Reports private funds:** No

## About

Founded in 2008, Yingda Taihe Property Insurance operates as the captive insurance platform for State Grid Corporation of China (SGCC), the state-owned enterprise that controls the national power grid. Chairman Wu Jun and General Manager Zhou Quanliang, who also serves as Party Secretary, lead a firm designed to underwrite property loss, credit, guarantee, health, and accident insurance — products that map directly onto the construction, maintenance, and financing risks of SGCC's sprawling domestic energy infrastructure. The firm's headquarters occupy the 7th and 8th floors of Yingda International Building on Jianguomen Inner Street in Beijing's Dongcheng District, with an additional office in Guangzhou. Yingda Taihe's investment portfolio is an extension of its parent's balance-sheet needs rather than a standalone institutional fund. The firm carries a book of certified emission reductions, directly tied to SGCC's carbon-credit exposure as China's largest grid operator. On the real-asset side, the firm occupies a stake in the Yuexiu REIT property portfolio through its Guangdong branch, converting operational insurance premiums into commercial-property exposure in one of China's most liquid real estate markets. Strategic financial coordination flows through China Guangfa Bank, a fellow SGCC ecosystem entity that serves as co-investor and banking partner. The firm participates in the Insurance Association of China, the industry body that sets technical standards for the country's property-and-casualty sector. While Yingda Taihe does not publicly report its headcount or premium volume, its narrow mandate — insuring SGCC's operational assets, supplier credit, and personnel — means its scale is best understood as a function of the parent's own procurement budget. Philanthropic activity is routed through State Grid's central philanthropic programs rather than a separate foundation. Yingda Taihe's structural differentiator is its closed-loop model: it is not a commercial insurer competing for market share, but a dedicated treasury function embedded within a state-owned monopoly. Its underwriting profit never needs to leave the SGCC ecosystem; premiums effectively recycle through CGB and back into the parent's projects. This architecture insulates the firm from the pricing cycles that buffet China's publicly traded insurers, while making its investment posture almost entirely captive to SGCC's five-year capital-expenditure plans.

## Sectors

- Insurance

## Offices

- Guangzhou, Guangdong, China

## People

- Wu Jun — Chairman and Legal Representative
- Zhou Quanliang — General Manager and Party Secretary

## Questions

### Who are Yingda Taihe's ultimate controlling shareholders?

State Grid Corporation of China owns 99.4% of Yingda Taihe Property Insurance, making it effectively a fully-controlled captive insurer. The remaining fractional stake is not publicly disclosed. This ownership structure means the firm's capital allocation and underwriting strategy align directly with the parent's infrastructure mandate rather than with third-party shareholder return expectations.

### Does Yingda Taihe underwrite insurance for entities outside the State Grid ecosystem?

Publicly available information does not confirm material third-party underwriting. The firm's product lines — property loss, credit, guarantee, health, and accident insurance — all correspond to risks within the construction, supply-chain, and personnel operations of State Grid Corporation of China. Without public filings detailing premium breakdown by client, the firm's external underwriting posture remains unconfirmed.

### How does Yingda Taihe's investment portfolio relate to its parent's infrastructure operations?

The portfolio functions as a balance-sheet extension of State Grid Corporation of China's capital cycle. The firm holds certified emission reductions tied to the grid operator's carbon-credit position, and commercial-property exposure through the Yuexiu REIT in Guangzhou — converting premiums into real assets within the parent's operational geography. Strategic cash management is coordinated through China Guangfa Bank, a fellow SGCC financial subsidiary.

## Related profiles

- [Yingda Taihe Life Insurance](https://altss.com/profile/yingda-taihe-life-insurance)
- [Yingli Solar](https://altss.com/profile/yingli-solar)

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Last updated: 2026-06-03T20:00:00.000Z

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