Skip to main content

China to establish agricultural reinsurance firm

Abstract : China's top banking and insurance regulator has approved the establishment of a new agricultural reinsurance company to enhance financial service in the agricultural sector.

BEIJING, Aug. 30 (Xinhua) — China’s top banking and insurance regulator has approved the establishment of a new agricultural reinsurance company to enhance financial service in the agricultural sector.

The new reinsurance company, with registration capital worth 16.1 billion yuan (about 2.34 billion U.S. dollars), will be co-sponsored by nine institutions including the Ministry of Finance, China Reinsurance (Group) Corporation and Agricultural Development Bank of China, according to the China Banking and Insurance Regulatory Commission.

The move is part of government efforts to boost financial services in order to support rural vitalization, which involves measures to improve the agricultural reinsurance system.

Zhu Junsheng, a researcher with the Development Research Center under the State Council, said establishing a new reinsurance company that focuses on the agricultural sector would help expand the coverage of agricultural insurance and safeguard China’s agricultural production. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to establish agricultural reinsurance firm

Labels:

Comments

Post a Comment

Popular posts from this blog

BYD new-energy vehicle sales nearly double in April

Abstract : China's leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. Workers work on the assembly line at a factory of vehicle manufacturer BYD Auto in Xi’an, northwest China’s Shaanxi Province, Feb. 25, 2020. (Xinhua/Liu Xiao) SHENZHEN, May 8 (Xinhua) — China’s leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. In a filing with the Shenzhen Stock Exchange, the Shenzhen-based company said its sales of NEVs, including purely electric vehicles and plug-in hybrid electric vehicles, surged 97.5 percent year on year to 25,662 units in April. In the January-April period, BYD sold 80,413 NEVs, up 128.5 percent year on year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investmen...
Post a Comment
Read more

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...
Post a Comment
Read more

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...
Post a Comment
Read more