Chinese Premier Li Qiang presided over a State Council executive meeting Friday to study the guidelines on promoting the high-quality development of the insurance industry.
The meeting emphasized the crucial role of the insurance sector in safeguarding and enhancing people's livelihood, preventing disasters and serving the real economy.
The next steps involve strengthening the institutional foundation for the sector's high-quality development, fully leveraging the role of commercial insurance and other market mechanisms, and enhancing the insurance industry's capability to provide coverage and improve services, according to the meeting.
It is crucial to closely monitor key areas and weak points, protect consumers' legitimate rights and interests and improve the risk prevention system, the meeting stressed.
The meeting urged efforts to cultivate and expand patient capital such as insurance funds, remove institutional barriers and refine assessment and evaluation mechanisms, thereby providing stable long-term investment for capital market and technological innovation.
Chinese premier chairs State Council executive meeting, stressing insurance sector's development
Chinese premier chairs State Council executive meeting, stressing insurance sector's development
Chinese premier chairs State Council executive meeting, stressing insurance sector's development
Chinese premier chairs State Council executive meeting, stressing insurance sector's development
