On Feb.27th, 2017, Anbang Insurance Group and Inner Mongolia Autonomous Region government signed a strategic co-operation agreement in Beijing, as Anbang reinforced its commitment to the development of important areas in line with the Belt and Road Initiative.
According to the Agreement, Anbang and Inner Mongolia will collaborate on social security, financial system, major infrastructures, regional and industrial development, based on the spirit of equality, mutual-benefit and win-win cooperation. Anbang pledged to invest about 50 billion RMB in Inner Mongolia within the next three years.
Chen Ping, Party Secretary of Anbang Insurance Group, commended on the 70th anniversary of the establishment of the Inner Mongolia Autonomous Region and its full potential for development. He said Anbang would fully utilize its advantages as a global financial conglomerate and dedicate to Inner Mongolia's economic construction, doing everything within its power to support the region in poverty alleviation, economic development and social governance.
Under the Agreement, Anbang will provide tailor-made insurance products and services to Inner Mongolia, assist in building local safety net for people's livelihood, enhance the multi-layered social security and pension system, construct the local service system for agricultural insurances, and help MSEs as well as peasants when they need finance.
In addition, Anbang will participate in Inner Mongolia’s local and overseas financing, government bonds, the construction of regional center of finance, trading and backstage financial service, the establishment of financial innovation model zone, comprehensive financial reform zone for wealth management, and provide support for the Region's infrastructure building, PPP platform and other industries critical to the national economy and people's livelihood.
Inner Mongolia is a strategically important region along the Belt and Road. In recently years Anbang has responded to the "Belt and Road" Initiative and made tremendous efforts in striking off poverty, serving the real economy and supporting social governance mechanism.
Anbang Insurance Group is a global financial conglomerate proudly serving 39 million customers worldwide. With total assets of more than 2 trillion RMB, its business covers insurance, banking and asset management, etc.