On 20 September, the Second Symposium on Climate Finance and Risk Management, themed "Anchoring Climate Resilience, Fortifying Risk Defenses", was held at the New Actuation Fintech Center in Beijing. Guests from the Ministry of Finance, the People's Bank of China, the National Financial Regulatory Administration, China Investment Corporation, the United Nations Environment Programme and other institutions exchanged views in depth on climate risk management, climate-related disclosures, stress testing, risk quantification and technological innovation. They explored practical approaches to strengthening the financial system's climate resilience and risk management capabilities.

  Leveraging Core Reinsurance Expertise to Advance Climate Risk Prevention and Management

  Mr. Zhuang Qianzhi, Secretary of the Party Committee and Chairman of China Re, delivered the welcome address. He noted that climate change and the associated risks of extreme weather are becoming major challenges facing the world, and that climate risk management is accelerating its shift from principle-based requirements to quantitative practice. The new circumstances and challenges arising from climate change call for closer coordination among market participants to bolster the financial system's capacity to respond to major and extreme risks. China Re has consistently focused on its core responsibilities and business in reinsurance, fully leveraging its functions in risk diversification, capital relief and professional services. It continues to advance innovation in catastrophe models and climate risk quantification technologies, supporting the industry with its technical expertise and risk management capabilities. These efforts provide strong support for improving the catastrophe risk governance system and enhancing the financial system's climate resilience.

  Enriching Climate Risk Research and Quantitative Tools

  During the symposium, China Re officially released Climate Risk Management for Financial Institutions: Theory and Practice (2026), which systematically summarizes theoretical advances and practical exploration in climate risk management for financial institutions. China Re Catastrophe Risk Management Company Ltd. (China Re CRM), a subsidiary of China Re, also launched the flood stress-testing model on its climate change risk insight platform (Climate Vision), providing technological support for financial institutions in the identification, assessment and management of climate risks.

  Sharing the Latest Research Findings on Climate Risk

  During the keynote session, speakers from the Ministry of Finance, the National Financial Regulatory Administration, China Pacific Property Insurance Company Limited, ChinaBond Pricing Center, China Re P&C, the International Actuarial Association, the China Institute of Water Resources and Hydropower Research and other institutions shared their latest research findings and practical experience. Topics included climate-related disclosures from the perspective of corporate sustainability disclosure standards, macroprudential supervisory stress testing of insurers, climate risk quantification in the insurance industry, multi-model integration, ESG assessment frameworks, innovative reinsurance practices, actuarial climate risk modelling, and flood disaster investigation and assessment.

  The subsequent panel discussion, themed "Technology-enabled Upgrade of Climate Financial Risk Management Frameworks and Practical Pathways " brought together panelists from Tsinghua University, the China Meteorological Administration, the Ministry of Ecology and Environment, China Construction Bank, China Re CRM and other institutions. They exchanged views on climate risk data, modelling tools, technology applications and the development of risk management frameworks for financial institutions and explored practical pathways to continually improve climate financial risk management frameworks driven by technological innovation.

  Contributing to a More Resilient Financial System

  The symposium was jointly moderated by Ms. Zhu Xiaoyun, President of China Re, and Mr. Cao Shunming, Assistant President of China Re. Held in a hybrid format, it brought together more than 500 representatives, experts and scholars from national ministries and commissions, financial regulators, international organisations and financial institutions. The successful event marked an important step in China Re's continued efforts to deepen climate risk research and strengthen exchanges and cooperation on climate risk management among financial institutions. Going forward, China Re will continue to leverage its reinsurance expertise in risk identification, risk quantification and risk diversification, advance technological innovation and practical applications in climate risk management, and strengthen exchanges and cooperation with regulators, financial institutions, research institutes and international organisations. China Re will continuously improve its capabilities in climate risk management, financial risk prevention and control, contributing to enhancing the resilience of the financial system and supporting the sustainable development of economy and society.