March 5, the first session of the 13th National People's Congress opened in the Great Hall of the People. Chinese Premier Li Keqiang, on behalf of the State Council, delivered a government work report. The report included 12 references to the term ‘Insurance’ and proposed to ‘Expand the insurance market risk guarantee'. China Taiping Insurance Group aims to become an example in this regard, said by the CPPCC national committee, China Taiping Insurance Group’s Chairman, Wang Bin.
In his work report, Premier Li mentioned the extraordinary development of Insurance industry in recent years, regardless of the density or depth. China Taiping Insurance Group, for instance, has achieved excellent work in areas related to the ‘Belt & Road’ Initiative and ‘Targeted Poverty Alleviation’. Last Year, China Taiping Insurance not only provided 100-billion-yuan worth of risk guarantee to many major projects under the 'Belt and Road Initiative', but also an overseas premium income that accounts for about 10% of the Group’s total premium income; the highest internationalisation ratio in the domestic insurance industry.