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State Council Studies on Promoting High Quality Development of Insurance Sector to Strengthen Patient Capital Like Insurance Funds
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Li Qiang, the Chinese Premier, recently presided over an executive meeting of the State Council to study certain opinions on promoting the high quality development of the insurance industry, deploy the implementation of the work related to the all-encompassing approach to food, scrutinize and approve the Implementation Plan for Accelerating the Improvement of the Flood Control System in the Haihe Basin and the Regulations on the Management of Online Data Security (Draft), and discuss the Maritime Law of the People's Republic of China (Revised Draft).

It is necessary to cultivate and strengthen insurance funds and other patient capital to remove institutional barriers and improve the assessment and evaluation mechanism, so as to provide stable long-term investment for the capital market and scientific and technological innovation, the meeting said.

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