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Zhong Lun Assists PICC Health Insurance Company in Setting up Wholly-Owned Health Management Subsidiary
Zhong Lun Assists PICC Health Insurance Company in Setting up Wholly-Owned Health Management Subsidiary
On December 31, 2025, PICC Health Management Company ("PICC Health Management"), a wholly-owned subsidiary of PICC Health Insurance Company ("PICC Health"), was officially inaugurated in Beijing.
The establishment of the health management subsidiary is a key part of PICC Group’s efforts to develop an ecosystem in the big health and elderly care sector and represents a pivotal initiative by professional health insurance companies to advance the practice of managed care. On August 21, 2025, the National Financial Regulatory Administration (NFRA) approved PICC Health’s application to establish a health management company. This is the first health management company approved after 2019 by the China Banking and Insurance Regulatory Commission (CBIRC) and since the inauguration of the NFRA, and also the first non-financial subsidiary approved for establishment by the NFRA since its founding. On December 15, 2025, the State Administration for Market Regulation (SAMR) approved the enterprise name of PICC Health Management Company. From blueprint design to official launch, PICC Health Management marks a crucial step in PICC Health’s strategic shift from the traditional fee reimbursement model to the managed care model.
Zhong Lun Law Firm acted as legal counsel to PICC Health, providing end-to-end legal services, covering assistance in formulating the establishment plan, issuance of a legal opinion on the compliance of the major equity investment, and support in obtaining the approval of the NFRA for the major equity investment and the enterprise name approval from the SAMR, among others. The project was led by partner Jieli Li with team members including non-equity partner Xu Shen, associate Haowang Liu, and Yumiao Feng, among others.
