Continent Insurance Company is a state-owned enterprise. Continental Insurance is controlled by China Reinsurance, which is directly affiliated with the Central Committee of the State Council. The former People's Insurance Company of China established by China Continent Property & Casualty Insurance Co., Ltd. is a national property insurance company approved by the China Insurance Regulatory Commission and controlled by China Reinsurance Co., Ltd. It is the investor and main sponsor of China Reinsurance Co., Ltd. The so-called state-owned enterprises mean that the controlling shareholder is the state. Continent Insurance Company is controlled by China Reinsurance Company.

Although state-owned enterprises also have profit-making purposes when engaging in production and business activities, they also have non-profit purposes, or in other words, they are not for-profit. State-owned enterprises must implement national planned economic policies and assume the functions of national economic management (regulating social economy). For some important industries and products, even if it is known that they will not be profitable within a certain period of time, it is still necessary, or more necessary, for the state to invest in starting an enterprise. However, when the operation can be profitable or has a higher profitability in the future, civil society will be willing to invest. At this time, the state On the contrary, it is often possible to reduce investment or even withdraw from these fields.

Although a state-owned enterprise is an organization, it has only or mainly one investor, the state. This is different from partnerships, cooperative enterprises and ordinary companies, and also different from private proprietorships. As an investor in enterprises, the state generally does not directly carry out specific investment management and business activities by the highest state agency (the highest state authority or the central government). Instead, in accordance with the principle of "unified leadership and hierarchical management", relevant state agencies at all levels are responsible for or its authorized department, responsible for specific investment, management and operating activities on behalf of the state owner.

State-owned enterprises, like all other enterprises, must be established in accordance with the law, but the laws they are based on and applicable are different. State-owned enterprises rely on and apply the special laws on state-owned enterprises enacted by the state, although they also apply many general provisions of general enterprise laws. Compared with general enterprise law, the state-owned enterprise law has different provisions in terms of enterprise establishment procedures, enterprise rights and obligations, and the state's management relationship with enterprises. The legal procedures for the establishment of state-owned enterprises are more stringent and complex than those for other enterprises. State-owned enterprises often enjoy policy preferences and certain privileges granted by many countries, such as monopoly in certain industries, financial support, credit preferences, and preferences in resource utilization, raw material supply, national ordering and product promotion, foreign exchange and foreign trade, etc. , loss compensation and special treatment in bankruptcy, etc.