On January 6, 2026, the Guangdong Provincial Financial Regulatory Bureau issued the “Guiding Opinions on Supporting the High-Quality Development of the Insurance Industry in Guangdong Province and Helping Guangdong Take the Lead in China’s Modernization Construction.” This document covers several important areas and aims to promote the comprehensive development of Guangdong’s insurance industry. Regarding strengthening insurance services for a manufacturing powerhouse, the document focuses on key industrial chains in the manufacturing sector, aiming to enhance insurance protection services for key industries, products, clusters, and enterprises, in line with Guangdong’s goal of building a modern industrial system with international competitiveness. It not only upgrades insurance protection services for traditional industries in Guangdong but also increases insurance support for strategic emerging industry clusters such as new energy, new materials, and commercial aerospace, as well as emerging industries such as new energy vehicles and ships, integrated circuits, new energy storage, pharmaceuticals and medical devices, and drones and unmanned ships. Meanwhile, efforts will be intensified to strengthen insurance services for the low-altitude economy, focusing on key areas such as the construction of low-altitude flight infrastructure and intelligent connected systems, key manufacturing industries for low-altitude aircraft, and application scenarios for low-altitude flights, developing insurance products and services across the entire industry chain and all scenarios. Furthermore, insurance services for new energy vehicles will be optimized, and the development of intelligent driving liability insurance products will be explored to fully support the development of Guangdong’s new energy vehicle industry. Accelerating the development of insurance service trade industry capabilities was also emphasized. Support for domestic trade insurance will be increased to promote the smooth flow of goods and services. Insurance institutions are encouraged to provide product quality insurance, installation liability insurance, accidental damage and extended warranty insurance, and return shipping insurance for consumer scenarios such as automobiles, home appliances, and furniture. To help build the “Food in Guangdong” brand and the “Guangdong Fresh Products” regional public brand, food safety liability insurance will be actively developed. To support Guangdong’s “Please Come to Guangdong for the Chinese New Year” tourism and cultural brand, the development of travel accident insurance for the elderly and hotel/homestay liability insurance will be vigorously promoted. Marine sports insurance products will be innovated, and cross-border protection collaboration with Hong Kong and other regions will be explored to serve new forms of marine cultural and sports tourism and enrich the supply of cultural and sports insurance products. Of particular note is the innovation of export credit insurance products and services, expanding underwriting business in key industrial chains adapted to Guangdong’s export structure, increasing underwriting support for leading enterprises and key players in the industrial chain, and deepening collaborative protection for upstream and downstream foreign trade enterprises. Export credit insurance is being promoted to support new foreign trade formats such as cross-border e-commerce and overseas warehouses in Guangdong. Innovative policy financing models are being explored with banks to enhance the creditworthiness of small and medium-sized foreign trade enterprises in terms of receivables protection and financing, further expanding the coverage of export credit insurance. Regarding accelerating the construction of a multi-tiered medical security system, customized commercial medical insurance for cities is being developed steadily and orderly, the development of long-term medical insurance is encouraged, and the development of nursing care insurance and disability income loss insurance is being accelerated. Under the premise of controllable risk and commercial sustainability, the inclusion of new medical technologies, new drugs, and new medical devices in the insurance coverage is being steadily explored. The provision of health insurance products for the elderly and patients with chronic diseases is being encouraged. Support the fulfillment of health protection responsibilities to the insured by providing medical, rehabilitation, and nursing services. Enrich the forms of commercial medical insurance products and promote rapid settlement of medical expenses. Strengthen the construction of health service networks by insurance companies, support the establishment of collaborative mechanisms with pharmaceutical and medical device companies, explore innovative diversified payment methods for pharmaceuticals and medical devices such as independent negotiation based on market principles and payment based on efficacy, and promote the deep integration of health insurance with medical care and pharmaceuticals. Furthermore, it proposes to cultivate patient capital and promote a virtuous cycle of funds, capital, and assets. Promote the establishment of private equity investment funds by insurance companies in Guangdong and conduct pilot reforms for long-term investment of insurance funds. Leverage the advantages of long-term and high-stability insurance funds to increase investment in Guangdong’s integrated circuits, artificial intelligence, low-altitude economy, and biomedicine sectors, promoting technological innovation and industrial structure optimization. Support insurance companies in establishing reinsurance companies or reinsurance operation centers in Guangdong to accelerate the improvement of Guangdong’s reinsurance service capabilities. Simultaneously, we will broaden the investment channels for insurance funds, leveraging their advantages as long-term and patient capital. We will support insurance funds in providing long-term equity funding for Guangdong’s science and technology and industrial innovation through various forms such as equity investment plans, private equity funds, and investments in unlisted equity, supporting the development of science and technology enterprises, new productive forces, and strategic emerging industries. We encourage and guide insurance funds to cooperate deeply with the Guangdong Provincial Strategic Emerging Industries Investment Guidance Fund to invest in and establish industrial investment funds, venture capital funds, and private equity secondary market funds (S funds), attracting and driving bank lending to follow suit. We will accelerate the improvement of the credit rating and investment and financing capabilities of county-level state-owned enterprises, guiding credit downwards.
Guangdong issues guiding opinions on insurance development to promote innovation and development in multiple fields.
The Guangdong Financial Regulatory Bureau has issued guiding opinions outlining measures across various areas—such as insurance services supporting the strategy to build a strong manufacturing province, the trade sector, and healthcare security—to drive the high-quality development of the insurance industry and help Guangdong take the lead in Chinese-style modernization.
