In the new era and on the new journey, evolving circumstances and tasks demand higher standards for deepening state-owned enterprise reforms. Since 2023, CPIC has closely aligned with national strategies and Shanghai's development, focusing on the reform theme of "enhancing core functions and competitiveness." With unwavering determination to "see the blueprint through," the company has transformed reform initiatives into tangible practices that serve the real economy and drive its own growth.
**Strengthening Top-Level Design to Anchor Reforms in Strategy** CPIC prioritizes serving national strategies as the foremost reform task, addressing development bottlenecks as breakthroughs, and reinforcing sustainable growth with a long-term mindset. The company has meticulously crafted its "CPIC Plan" for deepening state-owned enterprise reforms, outlining 33 reform tasks and 169 key milestones. A high-level implementation mechanism has been established to tackle challenges such as strategic emerging industry layouts and loss-making subsidiary governance. Through a model combining "tracking records, grassroots research, and targeted supervision," CPIC ensures reforms penetrate all levels and measures take root. Innovation remains central to reform, with initiatives like industry-academia collaboration, digital empowerment, and market-driven mechanism optimization breaking traditional development dependencies and injecting dynamism into reforms.
**Focusing on Core Responsibilities to Demonstrate State-Owned Enterprise Commitment** As a state-owned financial insurer, CPIC consistently upholds its national mission, enhancing its role in serving national strategies. It actively contributes to Shanghai's "four core functions" and "five centers" development while deepening financial services in five key areas. Leveraging the long-term advantages of insurance capital, CPIC fosters a virtuous cycle of "technology-industry-finance," introducing innovative products like科技成果转化费用损失保险 (technology achievement conversion loss insurance) and integrated "equity-debt-insurance-investment" services. Under the guidance of Shanghai SASAC, CPIC launched a strategic emerging industry M&A fund targeting RMB 30 billion to support technological innovation and new productive forces. The company pioneers green insurance products, expands green investments, and develops a carbon footprint management platform to advance the "dual-carbon" strategy. CPIC also safeguards major national events, including the Hangzhou Asian Games, eight consecutive China International Import Expos, and six years of service at the China International Fair for Trade in Services. It established the Shanghai Reinsurance Operations Center and CPIC Marine Insurance Center, expanding its global network to support automakers like Chery, Zeekr, and MG in overseas ventures. Over three years, CPIC provided over RMB 2.5 trillion in risk coverage for Belt and Road projects, bolstering high-level openness.
**Putting People First to Reflect Financial Warmth** CPIC remains committed to the political and people-centric nature of finance, building a multi-tiered, inclusive social security system. It enhances policy-driven programs such as critical illness insurance, long-term care insurance, and city-customized commercial health insurance (e.g., "Hu Hui Bao," surpassing 33 million enrollments), while improving coverage for new urban residents and gig economy workers. The company supports the silver economy, safeguarding retirement savings with leading pension management performance. CPIC integrates "insurance + elderly care + health" into an ecosystem, completing 15 "CPIC Home" retirement communities across 13 cities and strategically positioning源申康复医院 (Yuanshen Rehabilitation Hospitals) in Xiamen, Jinan, and Guangzhou.
Looking ahead, CPIC will continue to pioneer reforms with boldness and determination, consolidating achievements and advancing strategic transformation. By elevating its capacity to serve national strategies and improving operational quality, CPIC aims to excel in Shanghai's modernization drive and shine anew as a "world-class insurance and financial services group with market leadership and global competitiveness."
Comments