The picture shows the scene of the press conference. Photo by Liu Xian
Chongqing, October 27 (China News Network) -- The Chongqing Banking and Insurance Regulatory Bureau and six departments recently issued the "Guiding Opinions on Accelerating the High-quality Development of Green Insurance" (hereinafter referred to as the "Guiding Opinions"). The local government will explore the development of new energy vehicle insurance, electric vehicle third-party liability insurance and other businesses.
The Party Committee of Chongqing Banking and Insurance Regulatory Bureau held a "Special Press Conference on Party Building Leading High-quality Development in 2021" in the local area on the 27th. Zhang Feng, deputy director of the Inclusive Finance Department of Chongqing Banking and Insurance Regulatory Bureau, interpreted the Guiding Opinions at the meeting.
The Guiding Opinions call for supporting green industries and upgrading green consumption. Encourage institutions to give full play to the leverage adjustment role of insurance rates, guide the public to green consumption, and practice a green and low-carbon lifestyle. Steady development for small and medium-sized green enterprises small loan guarantee insurance and personal green consumption guarantee insurance, driving the demand for green consumer products. Explore the development of new energy vehicle insurance, electric vehicle third-party liability insurance and other businesses, enhance consumer confidence in environmental protection products, and guide urban and rural residents to green and low-carbon travel. Encourage institutions to carry out business pilots such as green building performance insurance and green building property insurance to provide risk protection for consumers to purchase green residences.
Chongqing is China's manufacturing powerhouse. In terms of supporting the development of green manufacturing in equipment manufacturing, the "Guiding Opinions" proposes to strengthen the risk protection of new green equipment and new technologies, encourage institutions to vigorously develop renewable energy project insurance such as green product quality liability insurance, environmental protection technology and equipment insurance, photovoltaic project insurance, wind power insurance, etc., and actively develop health insurance or accident insurance for key R&D personnel, so as to provide all-round risk protection for green industry technology, equipment, products, and personnel. Accelerate the development of science and technology insurance and patent insurance, deepen the pilot project of the first (set) major technical equipment insurance and the first batch of application insurance compensation mechanisms for new materials, and support enterprises to carry out scientific and technological innovation. Establish a green industry reinsurance mechanism to disperse and transfer the risks of green technology innovation.
Insurance funds have long-term investment advantages. The Guiding Opinions encourage insurance funds to cooperate with the Chongqing Green Industry Fund and the Climate Investment and Financing Fund to invest in green bonds and climate bonds, and in accordance with the principle of marketization, support the development of green and low-carbon industries in a variety of ways such as creditor's rights, equity, funds, and asset-backed plans, and provide long-term and stable financial support for the development of green and low-carbon industries such as sewage treatment, photovoltaic power generation, ecological agriculture, green buildings, and green transportation. Develop and construct the "YuHuirong" inclusive financial big data system, establish a financing platform for insurance funds and green projects in Chongqing, and improve the convenience and efficiency of docking insurance funds and green projects. (End)
Source: China News Network