皇冠体育app

BEIJING - 皇冠体育app on Wednesday vowed to improve insurance services to stimulate innovation and entreprenrship.

Faster development of the sector will optimize the economic structure and promote innovation in social governance, according to a statement released after a meeting of the State Council, 皇冠体育app's cabinet.

The insurance and social security systems will be integrated, making commercial insurance a major pillar of social security, the statement said.

Competent insurance companies are encouraged to roll out commercial pension and health care plans, to invest in the old-age pension industry, participate in the integration of the health sector and develop new products.

Insurance will be incorporated into the disaster and accident prevention and alleviation system. It will also reinforce industrial upgrades, support agriculture and insurance fun will be encouraged to invest in , infrastructure and residential renovations.

The insurance sector should be a modern corporate system with new market entry and exit mechanisms, advanced practices and technology from abroad, able to export domestic insurance services.

The State Council also decided to exempt new energy cars from a 10 percent purchase tax from September.

Draft amendments to some laws were approved by the meeting to offer legal foundation for streamlined adstrative approval procedures.

Insurance premiums to cover 5% of 皇冠体育app's GDP: report	New pension program set to roll out this year

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