The insurance industry in China and opening up to open the door Shenzhen Special Economic Zone
              Home    |    About    |    Foreign company registers    |    Accounting and tax agency    |    Hong Kong company registers    |    Shenzhen company registers    |    
              Overseas company registers    |    H.K. trademark agency    |    Business personal finance loans    |    Payroll, social security registration bid
Notice
 中文简体 | 中文繁体 | English Keyword: Search Way:
 News More...
 
 Answer To Questions More...
 
 ·How to apply for residence permit
 ·Apply for a working(Z)visa in shenzhen?
 · ShenZhen Taxation & Fees
 ·Which Signs shall not be Registered as T
 ·Which Signs shall not be Used as Tradema
 ·Which Signs can be Registered as Tradema
 ·Meet the Small-Biz-Friendly China
 ·Documents Required of Trademark Registra
 ·Why Register Trademark in China?
 ·How is VAT calculated
 ·What is the VAT rate in China
 ·What is the scope of the Chinese value-a
 ·What are the options for foreign enterpr
 ·What is an equity joint venture
 ·What is a cooperative joint venture
 On-Line Message More...
 
 Link
 
 ·SZ state tax bureau
 ·SZ bureau of trade and industry
 ·SZ administration for industry
 ·HK Inland revenue department
 ·HK Companies registry
 
 
The insurance industry in China and opening up to open the door Shenzhen Special Economic Zone
Author:xcd   Article source: 中国股票咨询网   Hits:1237  Add time:2009-5-28  

Shenzhen Special Economic Zone is the forefront of China's reform and opening up, Shenzhen's insurance industry for 30 years with the rapid advance SAR plays a window, pacesetter, the role of the pilot area. The end of 2008, Shenzhen has developed various types of insurance institutions to 58 (of which 11 national head office), premium income reached 24 billion yuan. The number of its agencies, the type of the whole, the speed of business development, ranking first in the nation the forefront of the city.

As fortunate in taking part in the collation and preparation of the development process of the insurance industry in Shenzhen and Shenzhen experienced great development of the insurance industry, the reform process of the industry, we have once again recalled the past 30 years took place in Shenzhen in China's insurance industry and a significant number of events for our readers .

Introduced for the first time foreign institutions: the insurance industry in China and opening up to open the door

Shenzhen Special Economic Zone to establish at the beginning, need a lot to attract foreign investment. At that time, People's Insurance has just resumed operations shortly underwriting technology and capacity is limited, far from being able to meet the foreign, especially the insurance needs of Hong Kong businessmen. December 4, 1981, the state approved the Hong Kong Civil Aid Service Insurance Co., Ltd. set up branch offices in Shenzhen for Hong Kong enterprises in the SAR to provide insurance services. January 9 next year, the company opened in Shenzhen. It is located in Mainland China approved the first foreign insurance institutions. It is not only opening to the outside world with the Mainland insurance industry pilot significance, at the same time it also brought to the Mainland insurance industry a lot of advanced management concepts and management methods. Let colleagues feel the most is their business philosophy - strict control underwriting risk, the pursuit of profit maximization, rather than blindly scale. They are the strict and scientific management system, a clear division of labor, treatment of the client integrity above everything else. Under such guidance, the company's business to develop steadily over the years and per capita profit of the premium per capita ranks first in the industry.

1984 reform: People's Insurance System from a planned economy to market economy

In August 1984, China People's Insurance Company Shenzhen Branch Company in accordance with "the reform of the Shenzhen Special Economic Zone on the issue of insurance," which set of institutions, personnel systems, financial systems and mode of operation to carry out a series of reforms to become National security system, the first realization of independent accounting and manage their own business, own risk, reinsurance business to implement an independent corporate body. The main elements of reform, first in the country take the lead in the implementation of the cadre appointment system and staff contracts, breaking the "iron rice bowl", the wage bonus with the individual performance and contributions linked to embody按劳取酬, more pay for more work, award the diligent and punish the lazy allocation system; Second, the reform of traditional underwriting methods, the implementation of a relatively flexible, the exhibition industry随行就市means, regardless of the business at home and abroad, regardless of the currency, uniform provisions, unified rate, unified policy; The third is the implementation of independent accounting, cost lump sum, the profit was not turned over to local taxes, on its own set-aside in reserves and the total compensation reserve, on its own external reinsurance.

Approach to the implementation of reform directly reflected in the insurance business, the insurance business showed a geometric growth. In March 1988, People's Insurance branch in Shenzhen City registered one million yuan to set up investor China Life Insurance Co., Ltd. Shenzhen Branch, Shenzhen Branch exercise PICC life insurance business and operations management functions, is the first professional life公司. The reform of China's insurance industry from a planned economy to a market economy turning point conversion.

Ping An Insurance was born: China's insurance industry to change the exclusive monopoly of the operation

May 27, 1988, Ping'an Insurance Company opened in Shekou. From the birth of the day, she deeply into the Shenzhen Special Economic Zone in the dare to dare to try Chuang tide of reform and opening up, and their innovative ideas and experience to the Chinese insurance industry has injected vitality. After 20 years of innovation and development, China has become a Ping'an insurance business as the core, covering securities, trust, banking, asset management business, a highly integrated, comprehensive financial services group. She was the national finance and insurance system to create a number of the first: the first joint-stock insurance companies; the first set of integrated diversified financial services group; the first insurance companies to attract foreign investment; the first to introduce executives of foreign enterprises companies; it is the first to draw the fine traditional culture of the Chinese nation and the West in modern management thinking of the essence and form a unique corporate culture of companies.

 
         Related Articles  
 
Documents for record and registration of a Foreign-, Hong Kong-, Macao- or Taiwan-Invested enterprise (one copy for each)
Rules for the Implementation of the Provisional Regulations on Value Added Tax of the People's Republic of China
Why do business in Shenzhen
Shenzhen Facts
Registration service &business consulting firm
Documents Required of Trademark Registration
Shenzhen Investment Guide
Rules of the Shenzhen Special Economic Zone on Management of Enterprises Undertaking Construction
Rules of Shenzhen Special Economic Zone on Requirements and Procedures for Incorporation of Joint-Stock Limited Company
Factory closure impact limited
The insurance industry in China and opening up to open the door Shenzhen Special Economic Zone
Shenzhen on the brink
Shanghai realty sector rises
Casinos pay taxes
Quick development
HK inflation up
Sweet return for candy
High-tech loans
IATA gloomy outlook
Industrial growth to exceed 10%
Pace of lending fell last month
Hong Kong exports and imports fall
Electronics exports lose spark
Warning call from maker of mobiles
World Bank cuts China GDP outlook
Home price corrections boost deals
Taiwan LCD firms bank on mainland
Foreign reserves fall month on month
Su sees more room to cut rate
Ban lifted to revitalize land market
Online game firms predict growth
HK budget offers few handouts
Another Japanese store eyes Shanghai
Road control set for east beaches
Flight-bus service to HK launched
50% polled favor property tax levy
German business chamber sets up office in Shenzhen
West-CBD completes main construction
China aims to keep export share: vice premier
Steelmakers may reject 33% iron ore price cut
May loans to be 600b yuan
Recovery may have lost steam, economists say
Growth board may launch by late summer
Insurance launched for H1N1
Mainland, Taiwan plan cross-trading of stocks
Currency swings add to trade uncertainty
Vanke property sales up 22% in April
Canton Fair woos domesticparticipation
Wal-Mart accused of forcing job cuts
Jewelry center will encourage originality
Power-use contraction slows in March
City to hold fair to promote logistics equipment
Yuan edges into place as global trade currency
China buys more U.S. securities
Medical expo to display latest devices
Risks rise, companies flinch at Canton Fair
China’s economy bottoming out: researcher
Housing sales may drop after March boom
Warning on illegal taxis
10,000 products to go on show
Rotterdam invites Shenzhen investors
Tour prices surge 20 percent for May Day holiday
Tour prices surge 20 percent for May Day holiday
Man faces heavy fine for car pool
HK-SZ land stays mostly green
At a Glance
Decline in foreign trade slows, minister says
Regulator says bill financing soars
Special fund to handle health emergencies
Medical insurance premiums to be lowered
Savings-type insurance attracts rich residents
Law enforcers besieged for hours in conflict
Dinner date with expert debated online
Wal-Mart enters China’sconvenience store market
Central bank pledges ample liquidity
Quake killed 5,335 students
Ex-China bank managers jailed in U.S.
100 firms picked for yuan clearing
Rail linking SZ, HK airports to cost RMB52b
8,000 vacancies available at job fair
At a Glance 2009 May
Mainland opens further to HK banks, securities firms
Fewer orders at Canton Fairshow sign of trouble ahead
New oil pricing mechanism explained
Futian estate sold for mixed development
Sticker madness
Bank lending cools, consumer prices decline
Happy money to you...
Factory limits bathroom time
SZ exports fewer shoes to U.S., Europe
5 SZ firms offer consumer loans
Crackdown on crime on Binhai Thoroughfare near Xiasha in Futian District
Forex regulator eases approvals
Govt. pledges more help for exporters as FDI falls
Man U rejects SZ sponsorship offer
SZ airport opens two check-in halls in Dongguan City
Shenzhen bank plans bond sale
Japan’s GDP shrinks at record pace
Imports Procurement Fair
Intl. school recruiting to start in June
Wage defaulters face credit restrictions
From activist to ombudsman
68% of Shenzheners feel happy
Handy taxicab service begins at Futian Checkpoint
Englishman has humble coaching goal
Private capital’s role stressed in reform
SZ to unify bilingual public signs
Guangming New Zone pilots city’s comprehensive reforms
New reform plan highlighted
SZ assigned a historic task
Plastic bags still widely used at wet markets
Nanhai E-cool launches Art Season
Recovery not yet assured: central bank
The State Administration of Taxation Proclaims the Anti-tax Avoidance Policy to Transnational Corporations Directly
13 injured in Nanshan gas explosion
Report sparks probe into Internet cafes
Wenzhou-Fuzhou railway to open to traffic
Property market gains fresh govt. impetus
Trade fair to help firms tap China’s market
SZ, HK to build Qianhai service park
38 SZ firms ready for growth board IPOs
Land auctioned at high price
SZ, HK hold promotion in NYC
City’s housing prices rise 20% this year
SZ Residential land sells for record
5,000 graduates attend job fair
City to grant talent awards
SZ 3rd-biggest mainland finance center
Huaqiangbei Subdistrict Office set up
Air check-in, free parking at hub
Amnesty rumor triggers tide of human smuggling
Ground broken for largest industrial computer base
Taiwan benefits from economic stimulus
Numbers to be displayed to discourage beachgoers
Court scrutinizes property deals
SZU to enrol more foreign students
Shenzhen apparel fair expands its waistline
Qianhai Bonded Port Area opens
Electronic RFID card for poultry
Authorities deny visa controls tightened
Useful Phone Numbers in SZ
Useful Phone Numbers in SZ
LUXURY BRANDS IN HK WEATHER THE SALES CRISIS
Global turmoil deepens China's chipmaker woes
Export Enterprises to Receive Reminder in Process of Export Tax Rebate
Taxpayers to Handle Tax-related Issues on Line in 2012
How to Apply for Tax Registration?
How to apply to cancel tax registration?
Interim Provisions on the Takeover of Domestic Enterprises by Foreign Investors
Acts in Violation of the Law on Tax Collection And the Corresponding Punishments
Small and Low-profit Enterprises Accessible to Preferential One-year Tax Treatment
ShenZhen Taxation & Fees
ShenZhen Taxation & Fees
ShenZhen Policy Advantages
ShenZhen Policy Advantages
Guidelines for Employment of Taiwan, Hong Kong and Macao Residents in Shenzhen
Documents subject to Stamp Duty
Chargeable and Non-chargeable Income
Guide to Customs Clearance of Reporting Equipment Carried by Foreign Journalists
setting up the advantages and conditions of the BVI company
Bank account FAQs
Application flow chart
Five kinds of common examples of English invitation for your reference:
Hongkong intellectual property rights protection
Virtual office service
In shenzhen, the set up of a foreign partnership conditions
FAQ of Hongkong company striking off and winding up
Notice about the New Service Hotline
HK accounts and offshore accounts
Galeries Lafayette plans to open 10 to 15 shops in China
Families in China can apply for such as ju "Z visa notification by the authorized unit" table of?
All the document needed for forming a BVI company
Visa Application
Apply for a working(Z)visa in shenzhen?
How to apply for a visa in ShenZhen
Shenzhen Initiates Commercial Registration Reform
Organization Structuring of People's Government of Shenzhen Municipality
How to apply for residence permit
How to apply residence permit in Shenzhen
Applying alien employment permit
ShenZhen's Financial Services
Visa replacement and extension procedures
Working Visa
2014 holiday plan removes Chinese NYE
15 Qianhai projects under way
State Council approves policies for Qianhai
Shenzhen to switch to service industry
Labor Contract Law of the People's Republic of China
Applying for a residence permit as a working foreigner
Visa and Residence Permit Application Form
Notice to Foreign Citizens Applying for Permanent Residence Permit in China
Important Information for Foreigner
Set Up and Your Company in Shenzhen
Register a Company in Shenzhen
Some expressway tolls removed
Qianhai tax incentive approved
Flow Chart for Foreigners Applying to Work in Shenzhen
21 stand trial in tax scam
 
Download    |    On-line message    |    Case    |    Websitemap    |
Shenzhen business registration /company register /SZ Accounting & Tax service/86-755-83702077 All rights reserved 粤ICP备05044913号  
Tel:0755-83702077,83702525,83702505,83702506 MSN:LSH734@HOTMAIL.COM SKYPE:XCD-LAN
Fax:(+86) 0755-83702506 Email:LSH734@HOTMAIL.COMasklanlian@126.com
Add:28E, HaiXing Tower,shopping center ,NanShan Technology park ShenZhen 518057, GuanDong ,China (Metro:Line 1 ,ShenZhen University)