New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan (Chinese: 新华保险集团) is a Chinese life insurance company based in Beijing. The Chinese government owns more than half of the shares of the company via sovereign fund Central Huijin, via state-owned enterprise Baosteel Group and a financial service company China Securities Finance. The company is a constituent of stock market indice SSE 50 Index (blue chip of Shanghai Stock Exchange), CSI 300 Index, FTSE China A50 Index and Hang Seng China Enterprises Index.