Core Viewpoint - The Yunnan Provincial Government has issued a special action plan to support private enterprises in the financial sector, focusing on agricultural insurance and export credit insurance to mitigate risks and enhance market opportunities for private businesses [1] Group 1: Agricultural Insurance - The plan aims to expand the coverage of agricultural insurance by increasing product variety and improving standards, specifically targeting the characteristics and needs of agricultural private enterprises [1] - There is a strong emphasis on developing insurance for local advantageous specialty agricultural products and livestock, enhancing the precision of underwriting and claims in agricultural insurance [1] Group 2: Export Credit Insurance - The initiative seeks to steadily expand the coverage of export credit insurance to help private enterprises reduce export risks and explore international markets [1] - It includes deepening cooperation between banks and insurance companies to provide trade financing services under credit insurance, thereby mitigating risks associated with policies [1] Group 3: Insurance for Small and Micro Enterprises - The plan also focuses on developing insurance products suitable for small and micro private enterprises, individual businesses, and new agricultural operators, including accident insurance, health insurance, pension insurance, and term life insurance [1]

Core Viewpoint - The emphasis on agricultural insurance is increasing as the central government prioritizes rural revitalization, aiming to enhance agricultural insurance services and contribute to rural development [1][2]. Group 1: Agricultural Insurance Development - China is the largest agricultural insurance market by premium income, with 97.602 billion yuan in 2021, a year-on-year increase of 19.77%, providing risk coverage of 4.72 trillion yuan to 178 million farming households [2]. - The central government's financial subsidies have significantly improved, with a leverage ratio of 1:3, meaning every 1 yuan from the central government generates 3 yuan in agricultural premium [2]. - The agricultural insurance system is expanding its coverage to include major crops and various agricultural sectors, enhancing the product offerings and increasing the protection levels for farmers [2][5]. Group 2: Service Improvement and Innovation - The service level of agricultural insurance is improving, with a more robust grassroots service network and enhanced technological support, leading to increased satisfaction among insured farmers [3]. - The insurance industry is encouraged to develop products tailored for rural revitalization, including microcredit guarantee insurance and inclusive insurance for low-income populations [4]. Group 3: Strategic Focus Areas - The insurance sector is urged to strengthen poverty alleviation insurance services and explore multi-party risk-sharing mechanisms involving banks and government [4]. - There is a call to develop seed insurance products to support the agricultural industry, ensuring food security and high-quality agricultural development [5]. - Continuous reform and innovation in agricultural insurance are necessary, focusing on stability, support, and creativity to adapt to new challenges [6][7].