上海国际再保险中心业务登记规模已超1100亿元

Core Insights - The Shanghai International Reinsurance Center has made significant progress, with business registration exceeding 110 billion RMB [1] - The People's Bank of China has introduced an action plan to enhance cross-border financial services in Shanghai [1] - By March 2025, 22 reinsurance operating centers and branches are expected to be established in Shanghai [1] - The Chinese reinsurance market is projected to reach approximately 31.6 billion USD in 2024, accounting for 3.5% of the global reinsurance premium market, ranking seventh globally [1] - The direct insurance market in China is about 800 billion USD, representing 11% of the global direct insurance premium market, ranking second worldwide [1] - The reinsurance penetration ratio in China is expected to be around 4% in 2024, significantly lower than the global average of 12.5% [1] Industry Development - The National Financial Regulatory Administration plans to enhance coordination with relevant departments and the Shanghai municipal government to promote the establishment of a competitive reinsurance center [2] - The focus will be on creating a centralized registration and trading center with concentrated business activities and improved regulations [2]