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| | | 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 via its fully-owned subsidiary - CNPC Asset Management Co., Ltd., and its holding subsidiary - China Petroleum Finance Co., Ltd. |
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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.
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