ICBC and PICC Group Deepen Comprehensive Strategic Cooperation

Deep News11-27

On November 27, Liao Lin, Secretary of the Party Committee and Chairman of Industrial and Commercial Bank of China (ICBC), met with Ding Xiangqun, Secretary of the Party Committee and Chairman of The People's Insurance Company (Group) of China Limited (PICC Group). The two sides held discussions on deepening comprehensive strategic cooperation during the "15th Five-Year Plan" period and supporting the development of a strong financial sector. Zhang Weiwu, ICBC Executive Director and Vice President, and Cai Zhiwei, PICC Group Party Committee Member and Vice President, also attended the meeting.

ICBC and PICC Group are key strategic partners, having achieved substantial results in areas such as agency sales, asset custody, pension finance, asset management, investment and financing, and overseas operations. Both parties will further enhance comprehensive cooperation during the "15th Five-Year Plan" period, jointly serving national major strategies, promoting high-quality development, and mitigating financial risks. They remain committed to advancing the development of finance with Chinese characteristics and contributing to building a strong financial sector.

ICBC and PICC Group also signed a comprehensive strategic cooperation agreement. The two institutions will strengthen resource integration and complementary advantages to deliver comprehensive, high-quality banking and insurance financial services. As leading state-owned financial institutions, they will actively fulfill their responsibilities and jointly advance the "Five Key Financial Initiatives."

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