On the afternoon of June 26, Yin Li, Secretary of the CPC Beijing Municipal Committee, met with Evan G. Greenberg, Vice Chair of the National Committee on United States-China Relations, and Chairman and CEO of Chubb Group.
Yin said that Beijing as the national financial management center, is the first in the country to develop and open up its insurance market. Beijing is building the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone to promote the high-level opening up of the services sector, including finance. He encouraged Chubb Group to further expand its investment, business scope, and practical cooperation by fully tapping into Beijing's market and policy strengths; to actively participate in the opening up and development of Beijing's financial industry and play a greater role in promoting financial cooperation between Beijing and the world as a heavyweight in the global insurance sector; and to boost China-US exchanges and cooperation to help bring the bilateral relations back on the track of stable development. Yin pointed out that Beijing remains committed to the development of Chubb Group and other foreign financial institutions in Beijing, and will continue to reform and open up the financial sector and create a world-class, market-oriented business environment governed by a sound legal framework.
Confident in the long-term and stable development of China's economy, Greenberg said Chubb Group is willing to further expand its investment in Beijing, diversify into asset management and other new businesses, and contribute to the opening up and development of Beijing's economy. It will also promote closer people-to-people exchanges between China and the United States to enhance mutual understanding and trust between the two peoples.
Municipal leaders Xia Linmao and Zhao Lei attended the meeting.
(Written by Liu Feifei; Photo by Sun Yue; Video by Zhang Shiqi, Wang Yi)
