久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  .contact us |.about us
News > National News...
Foreign insurer's rural debut
( 2003-06-17 10:12) (China Daily)

China's vastly underdeveloped agricultural insurance system was thrown opened yesterday with the introduction of foreign investment in two key cities in the nation's west.

The China Insurance Regulatory Commission (CIRC) granted licences to French insurer Groupama, allowing it to become the first offshore insurer to set up a property insurance subordinate in Chengdu, the capital of Southwest China's Sichuan Province.

With the CIRC's permission, the foreign group will also establish a base in the Chongqing Municipality, an industrial hub neighbouring Chengdu.

In line with its World Trade Organization commitments, China opened up Beijing, Tianjin and Suzhou to foreign insurance capital in March.

Foreign insurers have already set up shops in a handful of cities including Guangzhou, capital city of South China's Guangdong Province.

The licence approval brought the number of French insurance firms operating in the promising Chinese market to three.

The number of foreign insurers with local operations now stands at 36.

CIRC officials said the commission expects Groupama to help China improve insurance protection for its agricultural industry and farmers, especially in the underdeveloped western areas.

CIRC Chairman Wu Dingfu said yesterday: "In making this approval, we were not only implementing our World Trade Organization commitments but, more importantly, hoping that Groupama will play its role in promoting agricultural insurance in China and developing the central and western areas.

" Wu told Groupama President Jean Azema that his firm will have much to achieve in China as the market potential for agricultural and farmer insurance is prolific after economic reforms have propelled the rural economy and increased farmers' incomes in recent years.

The CIRC is actively examining the issue of policy-oriented agriculture insurance, as well as ways to encourage both Chinese and foreign insurance companies to provide commercial agriculture insurance, Wu said.

While agriculture accounts for 20 per cent of the gross domestic product in a country with an agricultural population of around 1 billion, China's agriculture insurance is embarrassingly underdeveloped.

Agricultural premiums were below 1 billion yuan (US$120 million) in 2001, compared to 210 billion yuan (US$25.

3 billion) in total insurance premiums.

China relaunched agriculture insurance in 1983 as part of its market economy reform, but it hit the skids as early as 1993 when compensations soared, forcing the People's Insurance Company of China - the then sole agriculture insurance provider - to withdraw from areas of heavy losses.

Caught between profitability concerns and the government's desire to protect farmers, analysts said Chinese insurers, especially younger companies, have been reluctant to take up the risky agriculture insurance business.

Go to another section

E-Mail This Article
Printer-Friendly Format

Today's Top News Top National News
Indian prime minister starts landmark visit to China
( 2003-06-23)
Hong Kong may get off SARS list
( 2003-06-23)
Four Palestinians killed in Gaza
( 2003-06-23)
Lawyers call for amendment of compensation law
( 2003-06-23)
Iraq oil flow slowed by sabotage, looting
( 2003-06-23)
Experts: Get ready for the worst of floods
( 2003-06-23)
Indian PM starts landmark visit
( 2003-06-23)
Government probes fatal shipwreck on Yangtze River
( 2003-06-23)
Emergency system planned in Beijing
( 2003-06-23)
2,000-year-old wine discovered in Xi'an
( 2003-06-23)







主站蜘蛛池模板: 精品国产成人a区在线观看 精品国产成人a在线观看 | 男人天堂手机在线 | 欧美日韩国产一区三区 | 久久99爰这里有精品国产 | 久久网站免费 | 毛片女| 国产精品精品国产 | 日韩一级黄色毛片 | 国产免费高清福利拍拍拍 | 欧洲亚洲综合一区二区三区 | 一级特黄aaa大片在线观看 | 色综久久 | 日本一线a视频免费观看 | 久久www视频| 999久久久精品视频在线观看 | 美女被靠视频免费网站不需要会员 | 欧美巨乳在线观看 | 国内精品久久久久久久aa护士 | 久草在在线视频免费 | 亚洲国产观看 | 亚洲欧美在线观看视频 | 三级视频网站在线观看播放 | 德国女人一级毛片免费 | 日韩一级黄色 | 色黄在线 | 中国内地毛片免费高清 | 亚洲午夜网站 | 一区二区三区四区在线 | 亚洲天码中文字幕第一页 | 黄色毛片在线 | 国产欧美日韩综合一区二区三区 | 日本一区二区三区不卡在线视频 | 99久久免费看精品国产一区 | 免费看岛国视频在线观看 | 九九色网站 | 成人午夜性视频欧美成人 | 欧美色xxxx | 一色屋色费精品视频在线看 | 爱呦视频在线播放网址 | 亚洲欧洲一二三区机械有限公司 | 欧美成人中文字幕 |