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Two departments: Support reinsurance institutions in capital increase and share expansion and issuance of capital replenishment instruments

K-LinePoet
The National Financial Regulatory Administration and the Shanghai Municipal People's Government have issued "Several Measures to Accelerate the Construction of the Shanghai International Reinsurance Center." It proposes promoting the quality and efficiency of the reinsurance industry, supporting reinsurance institutions in capital increases, share expansions, and issuing capital supplementary instruments to enhance internal capital accumulation and external capital supplementation capabilities, thereby strengthening the reinsurance industry. It guides the insurance industry to aggregate underwriting capacity from insurance and reinsurance around areas such as major national project construction, strategic emerging industries, and livelihood security, thereby improving risk coverage levels. It supports reinsurance institutions in leveraging their professional technical advantages to assist the insurance industry in risk reduction services.
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