SINOMACH and China Taiping reached a strategic cooperation agreement

Abstract Recently, China National Machinery Industry Corporation (SINOMACC) and China Taiping Insurance Group Corporation formally signed a strategic cooperation agreement. The two sides will take this opportunity to give full play to their respective advantages in the market, industry, capital and talents, in a package of insurance plans, capital financing...
Recently, China National Machinery Industry Corporation (hereinafter referred to as SINOMACH) and China Taiping Insurance Group Corporation formally signed a strategic cooperation agreement. The two sides will take this opportunity to give full play to their respective advantages in the market, industry, capital and talents, and carry out pragmatic cooperation in the areas of insurance plans, capital finance and practice of “going out” strategies; through investment and financing, business innovation, etc. The means realize the deep integration of insurance funds and the real economy, and comprehensively enhance the level and level of cooperation.

According to the agreement, China Taiping will give full play to its two advantages at home and abroad to meet the comprehensive risk management needs of SINOMACH in equipment manufacturing, engineering construction and foreign investment trade; actively explore business cooperation between the two parties in financing and asset management; With its own advantages, it actively provides high-quality annuity services for SINOMACH; actively provides insurance services for employee benefits such as employee medical insurance, major illness insurance, employee family assets, employee-owned vehicles, and employee personal life insurance for SINOMACH.

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