Core Viewpoint - The insurance industry has significant potential to support a new round of technological innovation in China, as highlighted by the Deputy Director of the National Financial Supervision Administration, Zhou Liang, during the 2025 Financial Street Forum [1] Group 1: Technological Innovation Support - The insurance sector can provide diversified risk protection for technological innovation, as the new round of technological revolution has a broader and deeper coverage, leading to an increased demand for risk protection [1] - China is expected to invest approximately 4 trillion yuan in R&D this year, ranking second globally, while insurance premium income is projected to reach about 6 trillion yuan, also the second highest worldwide [1] Group 2: Financial Support for Innovation - The insurance industry can offer cross-cycle financial support for technological innovation, as the characteristics of insurance capital, such as long-term and patient capital, align well with the needs of technology innovation that often spans multiple cycles [1] - Insurance capital can provide financing support throughout the entire lifecycle of technological innovation through various means, including equity and debt [1]
2025金融街论坛|周亮:助力新一轮科技创新,保险业大有可为