www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Shanghai's reinsurance center goals coalescing on supportive regulations

By Shi Jing in Shanghai | China Daily | Updated: 2023-06-01 09:05
Share
Share - WeChat
A view of Lujiazui area, the financial center in Shanghai. ZHANG HAIBIN/FOR CHINA DAILY

Shanghai's aspirations to build itself into a global reinsurance center will be further consolidated as an international board for reinsurance trading and supportive regulations are all in the pipeline, said officials at a news conference in Shanghai on Wednesday.

An international reinsurance trading market, or reinsurance international board, will be launched in Shanghai in the near future, Zhang Zhongning, deputy director of the general office of the National Administration of Financial Regulation, said at the conference.

The trading system and related rules, such as registration management regulations for international reinsurance inflow business, clearing and settlement methods for on-site cross-border transaction facilitation, and operational guidelines for solvency reinsurance credit risk, will all be finalized, Zhang said.

On top of that, an international reinsurance function zone will be set up in Lingang Special Area — part of the China (Shanghai) Pilot Free Trade Zone included in August 2019. By setting up reinsurance operation facilities in Lingang or opening accounts via the international reinsurance business platform in the area, insurers from home and abroad will be able to launch reinsurance business in the area while enjoying favorable tax and cross-border capital policies as well as differentiated supervision measures, he added.

Reinsurance, or insurance for insurers, covers insurers against accumulated liabilities by increasing their ability to withstand financial burdens when unusual or major events and calamities occur.

In the guideline released in July 2021 to develop Shanghai's Pudong New Area into a pioneer of socialist modernization, the central authorities expressed for the first time their support to build an international reinsurance center in Shanghai.

A guideline with 13 detailed measures was released in late October 2021 to help achieve the above goal. The construction plan for the reinsurance international board was released during the 4th Lujiazui International Reinsurance Conference held in late November, with preparatory work already underway.

By the time the conference was held, over 500 overseas reinsurance policyholders had participated in China's reinsurance market, reflecting the appeal of the Chinese insurance market, said Liang Tao, vice-chairman of the then China Banking and Insurance Regulatory Commission, which is now incorporated into the NAFR.

Reinsurance plays an important role in promoting the industry's risk protection capabilities and enhancing risk management levels, said Liang.

Experts from China Re Group said that the international board will facilitate China's high-level two-way opening-up. China's reinsurance industry will thus be able to deeply participate in global risk management and create room for deeper cooperation, they said.

State-owned China Re Group is the largest reinsurance player in China and Asia, with its 2022 consolidated gross written premiums up 4.3 percent year-on-year to over 169.7 billion yuan ($23.9 billion).

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 免费一区在线观看 | 那里有黄色网址 | 男女国产一级毛片 | 国产一区二区影院 | 点击进入不卡毛片免费观看 | 欧美真人毛片动作视频 | 日韩精品中文字幕视频一区 | 久久国产欧美日韩精品免费 | 91网在线| 免费一级毛片在级播放 | 男人的天堂欧美 | 国产一级特黄特色aa毛片 | 久久在线资源 | 一级a级国产不卡毛片 | 91一区| 亚洲 欧美 国产 中文 | 青青草福利视频 | 手机免费黄色网址 | 国产一区二区三区久久小说 | 国产精品自拍亚洲 | 欧美videos极品 | 精品一区二区三区高清免费不卡 | 亚洲欧美视频一区二区 | 日韩经典在线观看 | 欧美成人影院免费观 | 午夜免费福利网站 | 日本韩国三级在线 | 男女视频在线观看免费 | 久久高清一级毛片 | 亚洲欧美卡通成人制服动漫 | 成人免费视频一区 | 亚洲性在线观看 | 成人性生免费视频 | 欧美激情视频在线观看一区二区三区 | 成人在线观看国产 | 69成人免费视频 | 9cao视频精品 | 亚洲美女爱爱 | 韩国理伦一级毛片 | 亚洲激情欧美 | 全部在线播放免费毛片 |