Wu Dingfu: will continue to improve China's insurance market opening level

January 17 News, the Chairman of the CIRC, Wu Dingfu in Hong Kong today to participate in the "2011 Asian Financial Forum", said that the future will conscientiously implement the commitments to join the WTO, and constantly improve the quality and level of China's insurance market opening to the outside world. Wu Dingfu that China's insurance industry has become an important emerging insurance market in the world.　　He predicts that in the coming period, China's insurance industry will emerge as a major feature of sound, development, openness and transformation. The opening time of China's insurance industry is very strong, in addition to foreign life insurance companies must take the form of joint ventures and foreign companies can not operate the statutory insurance business, foreign insurance companies operating areas and business scope has been fully liberalized.　　At present, there are 51 foreign insurance companies operating in China. "Next we will earnestly fulfill the commitment to join the WTO, and continuously improve the quality and level of China's insurance market opening to the outside world," Wu Dingfu said, "Make full use of two markets and two resources to promote fair competition and common development of Chinese and foreign insurance companies." "In addition, Wu Dingfu said that Hong Kong and the mainland's insurance industry has a natural complementary advantage, the two sides can play their respective advantages, and further increase the strength of mutual cooperation." "We will actively support qualified Hong Kong insurance agencies to enter the mainland market," he said. Through the introduction, the Hong Kong insurance industry good business philosophy, technology, products, etc. into the mainland market, and continuously improve the international level of China's insurance market. Wu Dingfu talked.