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ICBC AXA Life was officially established in 2012. The company is a joint venture established by Chinese and foreign shareholders such as INDUSTRIAL AND COMMERCIAL BANK OF CHINA, AXA Group of France, and China Minmetals Group. It specializes in insurance businesses such as life insurance, health insurance, and accidental injury insurance. The company is headquartered in Shanghai, and as of the end of 2021, it has established 19 provincial branches, 1 directly affiliated central branch, and 1 asset management subsidiary throughout China.