Minister Tang Renjian met with Mr. Kong Qingwei, Chairman of China Pacific Insurance (Group) Co. Ltd. (CPIC) in Beijing on Feb. 4, 2021. The two sides exchanged views on agricultural insurance and its role in rural revitalization.
Minister Tang stated that agricultural insurance plays an indispensable role in promoting rural revitalization in the new stage of development. He hailed what the CPIC has achieved in poverty alleviation and rural revitalization in China, and trials and creative service in agricultural insurance.
Minister Tang noted that the MARA will further cooperation with the CPIC to leverage the greater role of insurance service in rural revitalization. He hoped that the CIPC could continue tailoring new insurance products and service for various operating entities such as modern farming entities and smallholders and these service fits in specific industries and regions. He also expressed the hope that the CIPC could upgrade and broaden its service and functions and channel more private investment into agricultural development.