Recently, the 2023 Central Economic Work Conference was held in Beijing. The meeting comprehensively summarized the economic work in 2023, deeply analyzed the current economic situation, and systematically deployed the economic work in 2024, so as to steer and lead China's high-quality development.
This blockbuster conference released a more positive signal to the outside world, and triggered the active attention and Xi of the insurance industry for the first time. Let's see how well each institution has Xi implemented the spirit of the Central Economic Work Conference.
Chinese People's Insurance Group: Give full play to the role of insurance functions and serve well to promote Chinese-style modernization as the biggest politics
On December 13, the Party Committee of Chinese Minmin Insurance Group held an enlarged meeting to convey the spirit of the Central Economic Work Conference of the Xi and study and deploy the work of implementing the spirit of the meeting. Wang Tingke, Secretary of the Party Committee and Chairman of the Group, presided over the meeting and delivered a speech. Zhao Peng, deputy secretary of the party committee and president of the group, conveyed the spirit of the meeting.
The meeting emphasized that it is necessary to deeply understand the scientific judgment of the Party Central Committee on the economic situation, effectively enhance the confidence and determination of high-quality development, actively do a good job in the publicity of business development, take the initiative to lead social expectations, and resolutely sing the bright theory of China's economy. It is necessary to deeply understand the regularity of doing a good job in economic work in the new era, adhere to the "five musts" to guide and promote the group's business development, adhere to the last word of high-quality development, and take giving full play to the role of insurance and serving well to promote Chinese-style modernization as the biggest politics. It is necessary to deeply understand the method and principle of "seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking", bear in mind the "great man of the country", actively take responsibility, give full play to the counter-cyclical and cross-cyclical regulatory role of insurance, strengthen business development that is consistent with and coordinated with macroeconomic policy guidance, and effectively enhance the initiative and sense of responsibility for high-quality development. It is necessary to have a deep understanding of the major deployment of next year's economic work, focus on the main responsibilities and main business and be better and stronger, combined with the implementation of the deployment requirements of the Central Financial Work Conference on doing a good job in the "five major articles" and developing the "seven major insurances", pay close attention to the eight strategic services of the group, and more effectively play the functions of economic shock absorbers and social stabilizers. It is necessary to have a deep understanding of the deployment requirements for continuous and effective prevention and resolution of risks in key areas, enhance the initiative of risk prevention and control, pay close attention to the resolution of key risks, resolutely implement strong regulatory requirements, and give play to the leading role of legal and compliant development and prudent and prudent operation.
Chinese Life: Promote high-quality development with a more energetic and promising attitude
On the morning of December 13, the Party Committee of Chinese Life Group held an enlarged meeting to convey the spirit of the Central Economic Work Conference of the Xi and study, deploy and implement measures. Bai Tao, secretary of the party committee and chairman of the board of directors of Chinese Life Group, presided over the meeting and delivered a speech.
The meeting stressed that the whole system of Chinese Shou must study Xi in depth, conscientiously comprehend it, unify their thinking and action with the spirit of the Central Economic Work Conference, and comprehensively implement it. First, it is necessary to improve the political position and comprehensively and dialectically grasp the economic situation. The favorable conditions for the mainland's development are stronger than the unfavorable factors, and the basic trend of economic rebound and long-term improvement has not changed. The whole system must unify its thinking with the party Central Committee's study and judgment of the economic situation, implement it in practical work, and sing the bright theory of China's economy with practical actions. The second is to strengthen the momentum of "progress" and promote high-quality development with a more energetic and promising attitude. To promote high-quality development, it is necessary to be proactive in transforming the mode, adding value, optimizing the structure, and improving the quality, so as to improve the quality, efficiency and sustainability of development, and constantly consolidate the trend of stability and improvement. The third is to closely follow the overall situation of service, focus on the main responsibilities and main business, and unswervingly deepen reform and innovation. Adhere to the problem-oriented approach, accelerate reform and innovation in a targeted manner, and strive to break down the institutional and institutional obstacles that restrict high-quality development. It is necessary to continue to deepen the supply-side structural reform, continuously strengthen the linkage of assets and liabilities, connect customer demand, product supply and delivery channels, and improve the accessibility, availability and competitiveness of products and services. It is necessary to strengthen the supporting mechanism arrangements for reform and innovation, conscientiously sort out deep-seated problems, improve the supporting system, and put the first driving force of reform and innovation into practical actions. Fourth, adhere to safe development and resolutely adhere to the bottom line of no systemic risks. High-level security must be built on the basis of high-quality development, and it is necessary to persist in preventing and controlling risks in the process of development, actively and steadily resolve stock risks in accordance with the requirements of early identification, early warning, early exposure, and early disposal, and resolutely curb incremental risks. It is necessary to increase accountability for major risk events and violations, and enhance the endogenous motivation for compliance operations.
China Taiping: Actively and aggressively in terms of changing methods, increasing value, optimizing structure, and improving quality
On December 14, the Party Committee of China Taiping Insurance Group held an enlarged meeting to convey the spirit of the Central Economic Work Conference of the Xi and make arrangements for the implementation of the work. Wang Sidong, Secretary of the Party Committee and Chairman of the Group, presided over the meeting and delivered a speech, Yin Zhaojun, Deputy Secretary of the Party Committee and General Manager, conveyed the spirit of the Central Economic Work Conference, members of the Party Committee of the Group attended the meeting, members of the Group's management team, equity directors, heads of the Discipline Inspection and Supervision Group in the Group, and the main persons in charge of various departments and subsidiaries of the Group attended the meeting.
The meeting emphasized that it is necessary to accurately grasp the overall requirements and policy orientation of next year's economic work, focus on promoting high-quality development, actively forge ahead in transforming methods, increasing value, optimizing structure, and improving quality, make every effort to implement key tasks, and highlight the "five major articles" of science and technology finance, green finance, inclusive finance, pension finance, and digital finance. Focus on high-quality financial services, increase support for scientific and technological innovation, green transformation, inclusive small and micro enterprises, digital economy, etc., and help scientific and technological innovation lead industrial upgrading. Promote the innovation of insurance products, better meet the needs of the people's security and economic and social development, give full play to the functions of insurance as an economic shock absorber and social stabilizer, and better serve the national economy and people's livelihood. Actively fulfill the responsibilities of central enterprises, vigorously develop agricultural insurance, promote the comprehensive revitalization of rural areas, better serve the "three rural" work, and promote urban-rural integration and regional coordinated development. Leveraging the advantages of the Group's headquarters in Hong Kong and cross-border operations, we will adhere to the combination of "going out" and "bringing in", closely follow the high-quality "Belt and Road" cooperation and the "going out" of Chinese-funded enterprises, make every effort to consolidate and enhance Hong Kong's status as an international financial center, and actively promote high-level financial opening-up. Resolutely shoulder the main responsibility for risk prevention and control, and guard the bottom line of no systemic financial risks.
SINOSURE: Find the entry point and focus point of serving the "big man of the country" and systematically plan next year's work
On December 13, SINOSURE held a meeting of the Party Committee to convey the spirit of the Central Economic Work Conference Xi the implementation of the Central Economic Work Conference. Comrade Song Shuguang, Secretary of the Party Committee and Chairman of the Company, presided over the meeting and delivered a speech.
The meeting stressed that as a policy-oriented financial institution, Sinosure should quickly unify its thinking and actions with the spirit of General Secretary Xi's important speech, further study and thoroughly understand Xi's economic thought, constantly deepen its understanding and grasp of the laws of economic and financial development, deeply understand the scientific judgment and careful deployment of the economic situation of the Party Central Committee, effectively enhance the sense of responsibility and mission for doing a good job in economic work, comprehensively and thoroughly grasp the implementation to the letter, and defend the "two establishments" and practice the "two safeguards" with practical actions.
The meeting pointed out that it is necessary to thoroughly understand the spirit of the Central Committee, combine the study and Xi implementation of the spirit of the Central Economic Work Conference with the full implementation of the spirit of the 20th National Congress of the Communist Party of China and the spirit of the Central Financial Work Conference, and combine it with the implementation of the spirit of General Secretary Xi Jinping's important instructions on giving full play to the role of export credit insurance, based on the company's policy function positioning, find the entry point and focus of the company's service "the big man of the country", systematically plan next year's work, promote the company's high-quality development, and strive to respond to the uncertainty of the changing situation with the certainty of its own work. It is necessary to uphold and strengthen the party's overall leadership, and unswervingly follow the path of financial development with Chinese characteristics. It is necessary to bear in mind the "great man of the country" and enhance the ability to serve the national strategy. It is necessary to stick to the main responsibility and main business, and do a good job as the main force serving the real economy. It is necessary to give full play to its professional advantages, and on the basis of strictly abiding by its own risk bottom line, it should be the ballast stone for safeguarding the mainland's overseas interests. It is necessary to improve the work style, strictly follow the important requirements of General Secretary Xi Jinping's "four grasping implementation", and ensure that the decisions and deployments of the Party Central Committee are effective in China's credit insurance system.
Ping An: Do a good job in "five major articles" to help high-quality development
As one of the important representatives of China's financial enterprises, Ping An Group said: "This Central Economic Work Conference has further deepened the understanding of the regularity of doing a good job in economic work in the new era, and put forward the 'five musts', such as adhering to high-quality development as the last word in the new era, pointing out the direction for comprehensively promoting the construction of a strong country and national rejuvenation with Chinese-style modernization." "Ping An will focus on serving the real economy, improve the quality and efficiency of serving the real economy, and promote high-quality development.
Ping An will also take serving the national economy and people's livelihood as the key point of development, comprehensively improve the coverage of the "comprehensive finance + medical and health" service system, and do a good job in five major articles: science and technology finance, green finance, inclusive finance, pension finance and digital finance. In the next step, Ping An said that it will be guided by the spirit of the Central Economic Work Conference and the Central Financial Work Conference, strengthen its strategic direction, firmly adhere to the bottom line of risks, give full play to the advantages of "comprehensive finance + medical health", and contribute to Ping An's efforts in serving the national strategy, serving the real economy and serving people's livelihood.
Source: Financial Times Client Reporter: Sun Rong Editor: Yu Siqing Email: [email protected]