The Second Belt and Road Forum for International Cooperation was successfully held in Beijing from April 25 to 27. As a member of reinsurance national team, China Re actively participated in the Forum and reached a consensus on cooperation with Fidelidade Insurance Group of Portugal. This has been included in the list of achievements of The Second Belt and Road forum.
Fidelidade Insurance Group of Portugal is one of the earliest insurance companies in Europe, and also the largest insurance company in Portugal, accounting for 30% of the Portuguese insurance market. Fidelidade Insurance Group of Portugal has strong business strength and brand influence in other regions of the world, especially in Portuguese-speaking countries. China and Angola will reach a strategic cooperation agreement with Fidelidade Insurance Group of Portugal. The two sides will provide risk protection for China's overseas interests in Portugal, Angola, Mozambique, Cape Verde and Peru, and jointly develop the third country markets. At the same time, the two sides will also seek opportunities for cooperation in the construction of the Great Bay Area of Guangdong, Hong Kong and Macao, especially to exert the influence of Fidelidade Insurance Group of Portugal in Portuguese-speaking countries and provide professional services for Macao to exploit markets of Portuguese-speaking countries.
Up to now, the Group has established the Belt and Road partnerships with 29 international insurance institutions, enabling itself to provide local service channels for China's overseas interests in 123 countries and regions, and jointly serving the high-quality development of the Belt and Road construction.