has the heart of "the great one of the country" Bravely shouldering the historical mission
Series of publicity reports No. 23
In the first half of 2022, China Life will continue to adhere to the political nature of financial work. ml4, people's nature and professional , fully implement the requirements of "preventing the epidemic, stabilizing the economy, and ensuring safety in development", give full play to the comprehensive financial advantages to serve the "big ones in the country", and help stabilize the economy market , industry The role of "head goose" has achieved new results.
Insurance
helps nearly tens of millions of companies and individuals
return to normal production and life as soon as possible
In 2022, China's summer grain output will reach 294.8 billion jin, early rice harvest will exceed 60%, and autumn grain area will exceed 1.3 billion acres . The foundation for harvest is good, and China's rice bowl will be secure. It has become the "ballast stone" for China's economic and social "giant ship" to move forward steadily. China Life leverages its professional advantages and actively participates in complete cost and income insurance of the three major staple food crops. As of the end of the first half of 2022, China Life's complete cost and income insurance pilots for three major staple food crops have been implemented in 311 provinces, with a cumulative insured area of 330.8 million acres, providing risk protection of nearly 330 billion yuan, helping to maintain the bottom line of national food security. At the same time, we match farmers with suitable agricultural insurance products based on local conditions. In the first half of the year, we provided risk protection for 315.1 million farmers, exceeding 3600 billion yuan, and paid compensation exceeding 32 billion yuan, effectively ensuring high grain yields and supporting "rice bags" The "vegetable basket" stabilizes production and supply. In Shandong, a major grain-producing province, a property and casualty insurance company under China Life Group took the lead in signing a facility insurance contract for high-standard farmland construction projects in Shandong Province, providing 353,000 acres of high-standard farmland in Lanling County and Qihe County. The facility provides more than RMB 335 million in maintenance and repair support for machine shafts and supporting facilities, ensuring the production progress of the " Three Summers " project. In addition, the group's life insurance companies launched policies to benefit the people during the epidemic, such as deferring premiums and adjusting repayment arrangements, comprehensively promoted the "CareCare" exclusive group insurance protection plan, expanded the insurance liability related to new crown , and helped small, medium and micro enterprises Resumption of work and production will ensure the personal safety of corporate employees during a specific period and help companies build a solid risk prevention and control barrier.
Guaranteeing agricultural development and enterprise operation is a microcosm of China Life's use of its main business advantages in finance and insurance to help stabilize the economic market. According to China Life's work conference for the first half of 2022, in the first half of this year, the company has provided risk protection for the economy and society in excess of . The total amount of claims for the group's life insurance business has exceeded . The amount of claims has exceeded . meta. China Life Charity Foundation also donated 37 million yuan to Shanghai, Jilin and other regions for epidemic prevention and control, helping nearly 10 million companies and individuals to resume normal production and life as soon as possible.
Investment
Directly serves the real economy. The scale of the stock
exceeds 3.6 trillion yuan.
Stabilizing and expanding effective investment is an important starting point for stable growth and an important force in maintaining economic growth. As of the end of the first half of 2022, China Life's direct investment stock in serving the real economy exceeded 3.6 trillion , an increase of nearly 5% from the beginning of the year, effectively leveraging the investment benefits of insurance funds to help stabilize economic and social growth and investment. Taking traditional fixed-income investment as an example, Asset Management Company, a subsidiary of China Life Group, invested approximately in local government bonds in the first half of the year, and almost all of the local government special bonds allocated were ultra-long-term varieties of 20 years or more. Ranking among the top institutional investors, 45% of its investments are invested in central and western provinces, effectively playing the long-term, stable, precise and effective role of insurance funds. At the same time, China Life Asset Management Company's fixed-income investment has newly invested approximately 327.1 billion yuan in credit bonds for infrastructure such as transportation and public utilities, covering nearly 380 entities in 322 provinces. Provide timely financial support to infrastructure enterprises such as highways, urban rail transit, railways, ports, and electric power across the country.Increase investment in green infrastructure construction, of which approximately 320.3 billion yuan in green bonds are used for green infrastructure investment, providing considerable impetus for economic growth.
In terms of alternative investment , as of the end of the first half of 2022, China Life Investment Company, a subsidiary of China Life Group, had a management scale of more than 71 billion in real economy projects, and had implemented a series of fruitful investment projects. Implement projects such as Guangzhou Urban Investment Phase II, Guangxi Communications Investment Phase II, Urumqi Urban Investment, Yunnan Communications Investment and other projects to provide financial support for the coordinated development of key areas. Invest in projects such as Far East Leasing and Jinan Urban Construction to revitalize existing assets, make up for shortcomings in the public service sector, increase investment support for the real economy, and promote "dual carbon" strategic funds to help upgrade energy consumption. In addition, all investments of the China Life Big Health Fund are invested in the real economy. Among the projects invested, small, medium and micro enterprises account for over 50%, technology companies account for over 70%, and private enterprises account for over 90%. In the first half of 2022, the fund Newly signed contracts in key areas such as biomedicine, innovation and technology exceeded 31 billion yuan, effectively supporting and stabilizing the development of key industrial chains.
Banks
Exclusive financial service solutions do everything possible
to help protect market entities
Small, medium and micro enterprises are large in number and support a large number of employed people. In recent years, they have been greatly affected by factors such as the epidemic, and production and operations have faced many difficulties. They are the key to stabilizing the economic market. An important part. Chongqing Yueda Parking Company is a small and micro enterprise that provides planning and design services for parking lots in downtown areas. Affected by the epidemic, its operations have experienced a significant decline. However, because it is an asset-light service industry and lacks collateral, it has certain difficulties in bank financing. After learning about the situation of Yueda Parking Company, China Guangfa Bank, a member of China Life Group, recommended the company to apply for Guangfa's "tax Yintong " credit loan product. In the end, this credit financial product aimed at small and micro enterprises that pay taxes with integrity provided credit support of 3 million to Yueda Parking Company, helping it sign 18 new projects and expand its business scale. In the first half of this year, China Guangfa Bank reduced and exempted service fees by more than , and deferred principal and interest payments for nearly 31,600 inclusive small and micro enterprises by about . The average interest rate of newly issued inclusive small and micro enterprise loans was relatively high. It dropped significantly by 110BP last year. Customized exclusive supply chain financial service solutions for nearly a thousand core enterprises in the industrial chain such as construction, medicine, and high-end manufacturing. Provide special financial support to more than 3,300 " specialized, special new" small and micro enterprises at or above the provincial level, effectively helping to protect market entities and help smooth the economic cycle. At the same time, China Guangfa Bank launches exclusive financial services for four typical "new citizens" including migrant workers, self-employed entrepreneurs, graduates of technical and technical colleges, and elderly urban immigrants. Launched special products such as " chain easy loan ", " mortgage easy " and " wonderful loan " for self-employed customers; provided " Kechuang Huirong " for science and technology innovation enterprises, cross-border e-commerce and foreign trade enterprises respectively. Special products such as " Guangshang Dai " and " Cross-border Pass " have given full play to the supporting role of credit funds in market entities. China Life also supports small and micro enterprises in obtaining financing through small and micro enterprise loans guaranteed insurance . As of the end of the first half of 2022, it has supported nearly 314,000 small and micro enterprises in obtaining financing of more than 32.6 billion yuan.
Bai Tao, Secretary of the Party Committee and Chairman of China Life Group, emphasized at the company's first half of 2022 work conference that China Life must unswervingly follow the path of financial development with Chinese characteristics and strengthen its responsibility to serve the "biggest country". Effectively set the focus and foothold of the work Put it in and stick to " insurance name insurance " return to the origin of security , implement financial work " three tasks ", meet the actual needs of the people come up. We will strive to play the leading role in the industry and strive to contribute to ensuring the security of the real economy and protecting the people's better life.
