Qianhai Cooperation Zone in Shenzhen: Plans to strengthen insurance coverage across the entire low-altitude economy industry chain

On April 8th, the “Twelve Measures for Financial Empowerment to Promote High-Quality Development of the Low-Altitude Economy Industry in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Draft for Comments)” was publicly solicited for opinions. Among them, it mentions strengthening insurance coverage for the entire low-altitude economy industry chain. It encourages insurance institutions to promote insurance products covering research and development, property, products, liability, and talent for new aircraft such as electric vertical takeoff and landing aircraft (eVTOL), industrial-grade drones, and their key core components like engines and propellers; and to optimize cross-border financial services for the low-altitude economy.

Support low-altitude economy enterprises in opening Qianhai Free Trade Accounts (FT accounts), leveraging the advantages of integrated domestic and foreign currency operations, cross-border fund settlement convenience, and the ability to choose onshore or offshore exchange rates, to improve the efficiency of cross-border fund collection, payment, and financing, and to assist enterprises in conducting cross-border R&D cooperation, international equipment procurement and sales, overseas market expansion, and other cross-border businesses.