In December 2023, PICC Life successfully provided financing to Syngenta Group, a subsidiary of Sinochem, through an insurance debt investment plan. This is another powerful action of PICC Life to conscientiously implement the spirit of the 20th National Congress of the Communist Party of China and implement the strategy of PICC Group's service safety development and the construction of a modern industrial system.
The five grains are the life of all the people and the treasure of the country. "* The General Secretary stressed that food security is a strategic issue. To solve the problem of eating, the fundamental way out lies in science and technology, and the safety of seed sources is related to the development of China's seed industry, and the realization of self-reliance and self-improvement in seed industry science and technology, and independent and controllable seed sources. The report of the 20th National Congress of the Communist Party of China pointed out that the foundation of food security should be consolidated in an all-round way, the party and government should fully implement the same responsibility for food security, deeply implement the action of revitalizing the seed industry, strengthen the support of agricultural science and technology and equipment, improve the income guarantee mechanism for grain farmers and the compensation mechanism for the interests of the main producing areas, and ensure that the rice bowl of the Chinese is firmly in their own hands.
Alfalfa harvesting scene at the Syngenta Group MAP Center demonstration farm.
Syngenta Group MAP Tianjin Xiaozhan Rice Harvest.
Syngenta Group is a core enterprise in Sinochem's life sciences segment, and is a leading global agricultural technology company with industry-leading innovation capabilities and many cutting-edge technologies, as well as a rich compound resource bank, germplasm and biological resource bank and agricultural big data, covering crop protection, seeds, crop nutrition and modern agricultural services. Syngenta Group ranks in the global crop protection industry.
1. The seed industry ranks third, and it is in a leading position in the Chinese market in various agricultural inputs such as seeds, fertilizers and medicines and agricultural services.
Syngenta Group's MAP smart agriculture app patrols the fields.
The progress of agricultural science and technology will greatly improve the efficiency of agricultural planting, which is a major event related to the food safety and health of every citizen. PICC Life Insurance practices the "people-centered" development concept, and this investment not only implements the country's major decisions and deployments on "food security", but also actively responds to the call of the ** Financial Work Conference on "innovation-driven development strategy" with practical actions.