Chang'an guarantee company is a joint establishment led by the Ministry of construction, jointly initiated by 10 ministries and commissions including the State Tobacco Monopoly Bureau, the State Metallurgical Industry Bureau, the State Administration of domestic trade, the State Forestry Bureau, the State Light Industry Bureau, the economic daily, Qiushi magazine, the Party History Research Office of the CPC Central Committee, Xinjiang production and Construction Corps, and approved by the State Administration for Industry and Commerce in July 1998. The registered capital is nine hundred and fifty million four hundred and forty-nine thousand six hundred and eighty-two yuan (950449682 yuan). Chang'an guarantee is also a joint-stock and commercial guarantee institution, and its shareholders are excellent large-scale mixed system enterprises in China. Since its establishment, Chang'an guarantee has been focusing on the establishment and implementation of the project guarantee system in China, actively cooperating with the competent government departments, undertaking or participating in the drafting of central and local project guarantee laws and regulations, normative documents, publicity work and investigation on the implementation of project guarantee, and successively undertaking a large number of national construction projects (including the National Grand Theatre , Guangzhou New Baiyun International Airport, New Capital Museum, new Beijing Planetarium, Olympic Stadium, digital Beijing Building, new CCTV station site, etc.), large infrastructure and municipal engineering, as well as the guarantee business of many large-scale civil residential construction projects of real estate development enterprises such as Huayuan Real Estate Co., Ltd. In 2007, Chang'an Liability Insurance Co., Ltd., which was established by Chang'an guarantee as a shareholder, was officially opened. It is a professional liability insurance company in China, with the construction field engineering insurance as its prominent feature. Chang'an guarantee company has formed a set of engineering project risk management system suitable for its own characteristics by using a large amount of experience accumulated in the practice of risk prevention, decentralization and control, and has also gathered and trained a number of professional legal, engineering construction and risk management personnel, who have special research and operation capabilities in engineering risk management from theory to practice. The professional level and performance of Chang'an guarantee company have been fully affirmed and highly appraised by the Ministry of construction and many local government departments. In the process of providing risk management services for the Olympic project, Chang'an guarantee guarantee company also initiated the risk management consortium mode, and established a guarantee consortium with the participation of banks, scientific research institutions, design units, general contractors, property management operators, insurance companies, industry associations, societies and other relevant parties. This consortium has funds, scientific research, design, construction , supervision, operation, insurance, industry management, substitute performance and other professional resources. The establishment and operation of risk management consortium marks that the specialization construction of Chang'an guarantee company has been upgraded to a new level by means of complementary advantages and resource integration.
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