The State Administration of Financial Supervision and Administration and the Shanghai Municipal Government have issued measures to accelerate the construction of the Shanghai International Reinsurance Center

The State Administration of Financial Supervision and Administration and the Shanghai Municipal Government have issued measures to accelerate the construction of the Shanghai International Reinsurance Center. Measures to support reinsurance companies in raising funds through capital increase and share expansion, as well as issuing capital replenishment tools, to enhance endogenous capital accumulation and exogenous capital replenishment. Regulatory agencies guide insurance companies to focus their reinsurance capabilities on major national projects, strategic emerging industries, and social welfare areas, and support reinsurance companies in utilizing their technical expertise to provide insurance risk reduction services.