On the afternoon of January 29, Premier Li Qiang of the State Council and British Prime Minister Keir Starmer jointly attended the closing ceremony of the China-UK Business Leaders Meeting at the Great Hall of the People in Beijing and delivered speeches. Over 110 representatives from Chinese and British enterprises and institutions attended the event. (Source: Xinhua News Agency)

  Mr. Zhuang Qianzhi, Chairman of China Re, was invited to attend the meeting. As the national team and main force in China's reinsurance industry, China Re remains committed to serving as a pioneer and trailblazer in the high-level opening-up of China’s insurance sector. Over the years, the company has steadily advanced its internationalization strategy and achieved continuous breakthroughs.

  In 1999, China Re established its overseas representative office in London, marking the beginning of deepened exchanges and cooperation with the UK insurance industry. In 2019, China Re successfully completed the full acquisition of the UK's Chaucer Insurance Group (Chaucer), opening a new chapter in its international development and becoming a landmark event signifying the two-way opening and deepened cooperation between the Chinese and UK financial sectors. Over the past seven years since the acquisition, China Re and the Chaucer Group have forged a path of mutually beneficial cooperation through resource synergy and shared development. Today, both Chaucer's business revenue and net profit have doubled compared to the time of acquisition, with its core competitiveness continuously strengthening. Meanwhile, leveraging Chaucer's local advantages, China Re has further improved its global service network, absorbed advanced international management experience and risk control technologies, and significantly enhanced its international operational capabilities. The deep integration and high-quality development of both parties not only inject lasting momentum into each other's enterprise growth but also build a solid bridge for China-UK economic and trade exchanges through practical cooperation in the financial and insurance sectors, contributing significantly to promoting economic and financial connectivity and deepening bilateral practical cooperation between China and the UK.

  As one of the central financial enterprises with the highest degree of internationalization, China Re will continue to conscientiously implement the important consensus reached by the leaders of the two countries, fully leverage its function as an economic shock absorber and social stabilizer through reinsurance, and actively align with the development strategies and needs of both China and the UK by capitalizing on its advantages in risk management, international footprint, and resource synergy. It aims to be a practitioner and promoter of financial cooperation between the two nations.

  Looking ahead, China Re will unwaveringly serve the country's high-level opening-up, continuously optimize its global network layout, and actively advance the deeper development of its internationalization strategy. It will continue to build a global service system for the Belt and Road Initiative, comprehensively expand the coverage of risk protection, and provide all-around risk guarantees for Chinese companies going global. China Re will actively participate in global risk governance, proactively engage in international exchanges and cooperation on climate risks, strengthen the export of catastrophe risk technologies and solutions, and contribute to improving the China-UK catastrophe risk protection system. Through these efforts, China Re aims to contribute to building an even closer China-UK economic and trade cooperation relationship and inject Chinese momentum into global financial governance and the sustainable development of the insurance industry.