China Insurance Group, Sinosure, China Life Insurance Investment and Shanghai Municipal Government have signed a cooperation agreement on these areas.

Author:Dartling
Release time:Jun 19, 2024 15:29 PM

During the Lujiazui Forum, the Shanghai Municipal People's Government signed strategic cooperation agreements with China Life Insurance Group Co., Ltd. and China Export & Credit Insurance Corporation. China Life Investment, a subsidiary of China Life Insurance Company, signed a letter of intent for cooperation in science and technology investment funds with Shanghai State Investment and Pudong Venture Capital. Shanghai Municipal Party Committee Deputy Secretary and Mayor Gong Zheng, Deputy Mayor Jie Dong, PICC President Zhao Peng, Sinosure Chairman Song Shuguang, and China Life President Cai Xiliang attended the relevant activities.

Shanghai and PICC signed a strategic cooperation agreement, based on the principles of "focusing on the long-term, drawing a blueprint together, mutual support, mutual benefit and win-win, compliance with laws and regulations, and in-depth cooperation", to carry out cooperation in investment and financing cooperation, science and technology finance, green finance, inclusive finance, pension finance, digital finance, shipping insurance, "going out" strategy, catastrophe insurance, social governance and health management innovation.

Shanghai and China Export and Credit Insurance Corporation signed a strategic cooperation agreement. They will follow the national strategy to further strengthen the supply of policy-based export credit insurance resources, carry out comprehensive strategic cooperation closely around the new requirements of Shanghai's promotion of higher-level opening up, acceleration of the construction of "five centers" and "giving full play to the role of export credit insurance", and help Shanghai accelerate the construction of a socialist modern international metropolis with global influence through high-quality financial development.

China Life Insurance Investment, Shanghai Guotou Investment Group and Pudong Venture Capital have cooperated to establish a science and technology innovation investment fund in Shanghai. This is a pragmatic measure to leverage the coordination between the central government and local governments and the long-term capital advantages of insurance funds to support the linkage between the construction of Shanghai International Financial Center and Science and Technology Innovation Center and the integrated development of the Yangtze River Delta. It is also another important science and technology innovation fund to be established in Shanghai after the National Social Security Yangtze River Delta Science and Technology Innovation Fund. It will play the role of "patient capital" and support Shanghai in cultivating and developing new quality productivity.


China Insurance Group, Sinosure, China Life Insurance Investment and Shanghai Municipal Government have signed a cooperation agreement on these areas.
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