In order to achieve the goal of energy conservation and emission reduction, many construction companies often need to invest a large amount of money to purchase relevant smart building solutions from the market to digitally transform and upgrade their buildings. Nowadays, construction enterprises only need to purchase an energy-saving insurance to achieve energy-saving upgrades, digital operation and maintenance, and closed-loop management of energy-saving effect assurance at the same time. Such a "fee to insurance" model will also be applied to Luohu's social governance, people's livelihood security, industrial development, cross-border collaboration and other global industry chain services.
On October 17, the release event of "Financial Support for Strong Power, Insurance Reform and Vitality" Luohu District Financial Support for High-quality Economic Development and Insurance Reform and Innovation Measures was successfully held in Chinese Financial Building. At the scene, Luohu District took the lead in launching the "10 Financial Measures", namely the "10 Measures for Financial Support for High-quality Economic Development in Luohu District", opening a new exploration of financial innovation to serve the real economy; The "18 Articles of Insurance", namely the "Work Plan for Deepening the Innovation and Development of Insurance in Luohu District", systematically promoted the embedding of insurance functions in various fields of economic and social development, and invested more than 100 million yuan to integrate the "fee to insurance" model into the field of social governance with frequent risks.
Took the lead in releasing "10 Articles of Finance" and "18 Articles of Insurance"
Stimulate new vitality for the high-quality development of the financial industry
As a strong financial district in Shenzhen, Luohu not only has more than 100 municipal-level branches and above licensed institutions for development, but also has continued to introduce many high-quality institutions such as Shenzhen Branch of Shanghai Pudong Development Bank, PICC Group, Guoren Insurance, High-tech Investment Department, Shenzhen Asset Management, etc., in recent years, forming a comprehensive financial service system in all fields, all directions and all formats. In 2023, the added value of Luohu's financial industry will exceed 100 billion yuan for the first time.
At the event, Xia Dong, member of the Standing Committee of the Luohu District Party Committee and executive deputy mayor, introduced and released the "10 Measures for Financial Support for High-quality Economic Development in Luohu District", focusing on strengthening the service of the real economy, encouraging financial innovation and application, and supporting the development of characteristic finance.
According to reports, in addition to the innovative launch of the "Luo Credit" series of products, Luohu District will also cooperate with commercial banks in the jurisdiction to implement the deployment of various ministries and regulatory departments, optimize and improve the financial service system of the monetary banking industry in the jurisdiction, focus on promoting the implementation of the policy of renewing loans without principal repayment, and implement the "three major plans" of small, medium and micro financing, "one increase and one reduction" to improve the success rate of credit and reduce the burden of costs; Create a "financial supermarket" online full-category financial product pool, expand the "financial station", "financial · easy · Luohu" offline bank-enterprise docking platform, and take the initiative to provide front-line services "one up and one down"; In terms of the capital market, Luohu District pays attention to exploring the "two hearts" in the field of investment and financing, encourages financial institutions to innovate "M&A +" portfolio financing tools, actively promotes the establishment of financial AIC equity investment funds, focuses on cultivating capital "patience", and vigorously boosts market "confidence". In terms of financial innovation services, we will focus on the first digital RMB industrial park, focus on the two major attributes of gold finance, and promote cross-border financial cooperation between Shenzhen and Hong Kong by relying on the three major ports of Luohu.
Lai Jianhua, member of the Standing Committee of the District Party Committee, director of the Office of the District Party Committee (Government) and director of the Office of the Comprehensive Deepening Reform Committee of the District Committee, gave a detailed interpretation of the "Work Plan for Deepening the Innovation and Development of Insurance Innovation and Development in Luohu District".
According to reports, the plan focuses on four directions: social risk reduction, real economy empowerment, people's livelihood service guarantee, and Shenzhen-Hong Kong cross-border innovation, and introduces 18 specific measures. For example, in terms of cross-border financial and insurance innovation between Shenzhen and Hong Kong, we will deepen cooperation with Hong Kong and Macao in medical and health services to improve the convenience of cross-border medical insurance claims. Explore and promote the expansion of the pilot scope of "Hong Kong cars going north", promote the insurance model of "three policies purchased in one place", and promote the interconnection of cross-border motor insurance; Relying on Hong Kong's status as an international shipping center and a complete shipping industry system, we will explore the establishment of a shipping financial center in Luohu by domestic and foreign financial groups to provide comprehensive financial services.
Explore a new mechanism of "fee to insurance".
Invest more than 100 million yuan to cash in the "four categories" of new scenarios
As a social stabilizer and economic shock absorber, the insurance industry has played an increasingly prominent role in improving people's livelihood, disaster prevention and mitigation, and economic development. Relying on the advantages of the insurance region, Luohu puts forward three major reform ideas around the innovation and development of insurance: establishing a new concept of "all-for-one insurance" and "full-industry chain insurance", and promoting the application of insurance in the whole field of social governance, the whole process of economic construction, and the all-round improvement of people's livelihood and well-being; Explore a new mechanism of "fee to insurance" to enrich and optimize the supply of services, and convert the cost of purchasing services into premium expenses for purchasing insurance; Construct a new risk reduction management model of "insurance + technology + service", introduce insurance to participate in public safety governance, and provide a package and whole-process service of "prevention, mitigation and rescue claims" through scientific and technological empowerment means and the service model of "civil air defense + technical defense".
"Take our 'energy efficiency guarantee' as an example, let's say that the company's annual electricity bill is 5 million, we introduce technology companies to carry out energy conservation and emission reduction system transformation for the enterprise, and after a year, the company saves 2 million through energy conservation and emission reduction, and we only charge 80% of the 2 million as a premium. That is to say, the company is actually net profitable, has reached the goal of energy conservation and emission reduction, and has the risk control of the whole process. Su Zhijie, member of the Party Committee and deputy general manager of the Shenzhen Branch of Guoren Property Insurance Co., Ltd., believes that the biggest highlight of the innovation of the insurance system in Luohu District is the promotion of the "fee to insurance" model. From the perspective of the government, important tools should be added to the "toolbox" of security emergency management to help improve the level of public safety governance and promote social governance to reduce costs and increase efficiency. From the perspective of society, by guiding insurance companies to actively intervene in the risk management of the insured subject, the insurance function has shifted from simply "making up losses" to "reducing risks", which can effectively reduce the probability of accidents and reduce economic losses. From the perspective of insurance companies, we will stimulate the motivation of insurance companies and further explore effective ways to enrich product supply and innovate business models.
At the event, Luohu District displayed and explained the innovative application scenarios of four types of insurance: "Ping An Luohu · Comprehensive Disaster Reduction and Governance Insurance", "Industrial Luohu · Enterprise Development Escort Insurance", "Happy Luohu · Improving People's Livelihood Protection Insurance" Solution, and "Linking Shenzhen-Hong Kong · Cross-border Insurance Solution". It is reported that the follow-up will be 100 million yuan to cash out the new scenario of "fee to insurance".
In addition, the first demonstration project of "government insurance" - Luohu District "small scattered project" safety and liability insurance online insurance filing system has been officially launched, and the first batch of 5 property insurance institutions in the system have been settled in the system: PICC, Taiping, Ping An, China Life, and Guoren. Since the trial operation in early September, nearly 1,000 online insurance projects have been completed, accounting for 30% of the total number of projects filed in the same period, with a total premium of more than 1 million yuan.
Lighting up the four major insurance innovation test parks
Improve the quality and efficiency of the high-quality development of the insurance service economy
At the event, Zhou Yanli, member of the 13th Economic Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and former deputy secretary of the Party Committee and vice chairman of the China Insurance Regulatory Commission, delivered a keynote speech on the topic of "Insurance Participates in Social Governance and Empowers Economic Development", exchanging and sharing the new direction and new opportunities for the reform and development of the insurance industry, and sharing advanced experience and successful practices at home and abroad.
In the roundtable salon session, six guests from Shenzhen Insurance Association, District Health Bureau, Guiyuan Sub-district Office, Guoren Property and Casualty Insurance Shenzhen Branch, PICC Life Insurance Shenzhen Branch, and AIA Shenzhen Branch exchanged views on "Improving the Level of People's Livelihood Protection Served by the Insurance Industry and the Quality and Efficiency of the Insurance Industry Serving the Real Economy, Focusing on Improving Health Insurance Services, Actively Developing the Third Pillar of Pension Insurance and Improving the Inclusive Insurance System".
On the same day, the "fee to insurance" demonstration leading plan was officially launched. With the help of leaders and functional departments at all levels in the urban area, representatives of 10 insurance companies, including the headquarters of Guoren Insurance, PICC Property and Casualty Insurance, PICC Life Insurance, PICC Health Insurance, Chinese Life, China Life Insurance, Taiping Property Insurance, Ping An Property Insurance, AIA Life and Huatai Insurance, jointly pressed the starting lamppost, implying that they would work together to build a new pattern of "insurance-industry", "insurance-department" and "insurance-street" for consultation, co-construction and sharing.
As an important part of the city's financial map of "one city, one street and one belt", the Hongling Emerging Financial Industry Belt has attracted more than 50 headquarters and first-class branches of licensed financial institutions to settle in, focusing on building a financial headquarters cluster, a digital RMB application demonstration zone, an insurance innovation pilot zone, a gold financial characteristic zone, and a Shenzhen-Hong Kong consumer finance pilot zone, that is, the development pattern of "one belt and five districts". The country's first digital RMB industrial park.
Under the collective witness of representatives of 57 property insurance, life insurance, health insurance, insurance intermediaries and other companies under the jurisdiction of Luohu District, the event site was lit up from south to north in Jingji 100 Building, Chengmai Financial Center Building, PICC Financial Building, China Gas Building and other four Luohu Insurance Innovation Pilot Parks. In the future, the four major insurance parks will be based on the introduction and cultivation of high-quality institutions, focus on the incubation of product technology innovation, create a new ecology of insurance participation in economic and social construction in an all-round, all-field and full-process manner, and improve the quality and efficiency of high-quality economic development of insurance services.
The first order of stock repurchase and refinancing intention was reached
The cooperation between the government and the bank will write a new chapter in Luohu Finance
Focusing on improving the quality and efficiency of financial support for economic development, the "Signing Ceremony for Cooperation in Financial Support for High-quality Economic Development" was held at the event site, and a total of 11 bank representatives from ICBC, ABC, BOC, CCB, BOCOM, PSBC, China Merchants, Ping An, SPD, GF and CITIC came to the stage to sign high-quality development cooperation, and under the witness of the guests, they created a circle of friends of "government + bank" ecological cooperation and jointly wrote a new chapter in Luohu Finance.
As the first "government-bank-enterprise" cooperation demonstration project promoted by strategic cooperation, Ping An Bank and the listed company Kingkey Zhinong reached a cooperation intention on the spot to repurchase and increase holdings and re-lend on the spot. With the help of share repurchase and refinancing, listed companies and their major shareholders can obtain low-cost special funds from banks for stock repurchase and increase holdings, which can flexibly optimize the company's capital structure and improve the company's financial soundness on the one hand, and improve the efficiency of equity capital use and increase the return on equity on the other hand.
It is worth noting that on September 27, BOCOM Investment and Luohu District reached a cooperation intention of Shenzhen's first financial AIC equity investment fund, and planned to initiate the establishment of an industrial fund with a total scale of 10 billion yuan, focusing on key strategic emerging industries such as artificial intelligence, low-altitude economy, high-end equipment, new generation electronic information, green and low-carbon and new materials, and providing strong financial support for enterprises. On October 15, the Luohu New Kinetic Energy Industry Development Equity Investment Fund officially landed in Luohu. The fund was jointly initiated and established by the venture capital company of Shenzhen Group, Bank of Communications Investment, Luohu Guidance Fund and Luohu Industrial Investment Fund. The fund is an AIC equity investment fund that has been substantially implemented after the introduction of the national pilot policy of expanding equity investment, which will focus on Shenzhen's strategic emerging industries, provide diversified channels for patient capital to better support the growth of "hard technology", and promote the development and growth of Shenzhen's "20+8" industrial clusters.
"Luohu's financial and insurance innovation and reform is to serve the needs of the society with what Luohu can do. On the one hand, Luohu is a large area where insurance is concentrated, and 15 of the top 20 property insurance companies in the city gather in Luohu. On the other hand, there are still many pain points in grassroots social governance, and insurance companies have also encountered difficulties in product promotion. Chen Canon, deputy director of the Luohu District Financial Services Administration, said that in the future, Luohu District will also focus on the resonance of finance and industry, the high-quality development of the financial industry and the reduction of social risks, the empowerment of the real economy, the protection of people's livelihood services, and the cross-border innovation of Shenzhen and Hong Kong, and strive to expand the quality and efficiency of financial development, and accelerate the process of "hand-in-hand" between the government and finance, industry and finance, and people's livelihood and finance.
Written by: Nandu reporter Lin Min'er