Fabatiansheng Property Insurance Company was officially registered and established with a registered capital of 1 billion.

According to Tianyancha's business information, on December 16th, Beijing Faba Tianxing Property Insurance Co., Ltd. was established with a registered capital of 1 billion RMB, and its business scope is insurance. Shareholder information indicates that the company is held by AXA Group of France, Sichuan Yinmi Technology Co., Ltd., and Volkswagen Financial Services Overseas Corporation with 49%, 33%, and 18% ownership respectively.