On May 22, Yuan Linjiang, Chairman of China Re, visited Tharman Shanmugaratnam, Singapore’s Deputy Prime Minister. The two parties had cordial and friendly talks.
Chairman Yuan Linjiang made a report on the development of China Re Singapore Branch since its opening of business, and expressed sincere gratitude to the Government and Monetary Authority of Singapore for their help in the business development. The two parties jointly reviewed the development vision proposed at the meeting during the opening ceremony of the Singapore branch two years ago. Deputy Prime Minister Shanmugaratnam opined that the excellent operating performance of China Re Singapore Branch was impressive and good progress was made in the construction of the Belt and Road Initiative as well as the catastrophe insurance technology. Deputy Prime Minister Shanmugaratnam particularly praised China Re Singapore Branch, who is the leader and management organization of the Belt and Road Insurance Consortium of Singapore, and thanked its contributions to the establishment and operation of the Consortium; he also highly praised China Re Singapore Branch as a founding member of the "catastrophic data exchange platform" project in Singapore and the important role it played. He hoped that China Re would consider Singapore’s status as an international financial insurance centre and build the Belt and Road Insurance Consortium of Singapore into an important fulcrum for countries along the Belt and Road, and expand the cooperation foundation in Singapore in the aspects of catastrophe bond issues, catastrophic scientific and technological innovations, and blockchain research, etc., to achieve more cooperation results.
Chairman Yuan Linjiang said that China Re would deepen cooperation with Singapore in all aspects and build the Singapore branch into an important fulcrum for the international strategy of China Re.