Financial risk prevention tops agenda of Lujiazui Forum...
China News
June 9, 2023
At the opening ceremony held at Shanghai Tower this morning, delegates from China's financial watchdog have all been mentioning one thing -- preventing financial risks. As part of the measures to strengthen financial supervision and protection, Shanghai has also announced acceleration of its plans to establish itself as a global reinsurance center. Reinsurance refers to insurance for insurance companies. Such arrangements give a dual protection to hedge possible financial risks.