China has rolled out new measures to encourage insurance companies to invest in blue-chip and high-tech stocks, as part of its broader efforts to boost the capital market and the real economy.
The insurance company will pay out for the restoration of damaged ecosystems caused by human activities such as destruction caused by project construction, farming wastewater, harmful waste and pesticide residue.
They must help ensure that people's life and business operations will be impacted by the natural disaster as minimally as possible through providing financial services in need.
Residents in the North China city of Zhuozhou, hit by heavy flooding last week, have started receiving compensation for their losses.
China has almost completed all preparations for a private pension program and will soon start implementing the project, said an official at the Annual Conference of Financial Street Forum 2022 in Beijing on Wednesday.