In September 2023, China Insurance, together with Everbright** and other financial institutions, jointly applied for the 2023 "Insurance+** Pilot Project of Beets in Baiyang City, the Ninth Division of the Xinjiang Production and Construction Corps", and successfully obtained the approval of the Zhengzhou Commodity Exchange. Li Jiyong, deputy mayor of Baiyang City of the Ninth Division, representatives of five leading companies, including Luxiang Sugar, Tacheng Corps Branch of Agricultural Bank of China, China Insurance and Everbright, cadres and employee representatives of various regiments attended the launching ceremony of the project.
After two years of implementation, the cadres and employees of Baiyang City of the Ninth Division have an in-depth understanding and recognition of the "insurance +** project model of sugar beet. Li Jiyong, deputy head of Baiyang City of the Ninth Division, said in his speech, "Practice has proved that 'insurance +** can effectively help sugar beet workers prevent the risk of fluctuation, promote the upgrading of industrial structure, and help Baiyang City of the Ninth Division to comprehensively promote rural revitalization." ”
This is the third consecutive year that Everbright** and China Insurance have implemented the "Insurance+** pilot project for sugar beet" in the local area. This year, under the guidance and support of Zhengzhou Commodity Exchange and Baiyang City**, Everbright and China Insurance, on the basis of the original project model, introduced the Tacheng Corps Branch of the Agricultural Bank of China to issue planting loans to employees in the form of policy credit enhancement, simplifying the loan approval process, improving the approval efficiency and alleviating the shortage of funds in the process of sugar beet planting.
The model of insurance + ** bank + order' provides employees with a closed-loop guarantee for the whole process from planting to sales, solves the worries of employees, and is of great significance for the stable development of the sugar beet industry chain in Baiyang City, Jiushi. Zan Qichang, sales director of China Insurance Xinjiang Branch, said. With the vigorous promotion of the rural revitalization strategy, new financial formats suitable for the agricultural economy such as inclusive finance and "insurance +**" continue to develop, and business collaboration between financial institutions is also constantly integrating and innovating.
China Insurance will continue to explore. Actively innovate to help the high-quality development of the sugar beet industry in Baiyang City, Jiushi, and make every effort to promote rural revitalization.