Chairman's speech
Chairman of China Taiping
Insurance Group - Bin Wang

China Taiping Insurance Group is the longest standing national insurance brand in China today. Founded in Shanghai in 1929, and for 80 years, China Taiping has taken on the challenge of promoting and expanding national insurance brands and has witnessed the development and growth of China’s insurance industry continuing a proud tradition.

In recent years, the focus of China Taiping has been on the sustained and healthy business development through the pursuit of continued growth, reform and innovation, continuous improvement of business model, enhancement of specialized operational capabilities and development of overall profitability and sustainability.

Currently, the insurance business is experiencing steady growth, significant improvement of profitability, positive change of corporate image and increased brand awareness.

Subsequently it has gradually developed into an industry with a defined development strategy, complete product line, sound agency networks, advanced management and high quality financial service, multinational integrated financial insurance group. Meanwhile, as one of the state-owned financial and insurance enterprises, ChinaTaiping’s institutions around the world actively participate in local social and economic life, voluntarily assuming corporate social responsibility.

Looking ahead, China's economic development is still is in an important period of strategic opportunity and with the increase of comprehensive national strength and general society wellbeing can achieve sustained growth for the insurance industry. In the face of profound changes in domestic and international business environment and the increasingly fierce market competition, we will adhere to the "development is the top priority, quality is the hard constraint and the first responsibility, Profit is the first goal."

Only through quality and efficiency, accelerating the pace of development, improving service capabilities, empowerment of profitability and continuously enhanced services, in accordance with national financial and insurance work of the overall strategic plan continuing to thoroughly implement the scientific concept of development, adherence to the concept of pursuing value unswervingly continue to grow, continue to enhance its operational capacity specialization, overall profitability and sustainability in order to continue to build the core competitive advantage of China Taiping.

In the era of economic globalization, we will leverage the advantages of being headquartered in Hong Kong, and seize the opportunity, momentum and the continued domestic and overseas business expansion, to open up the domestic insurance market, overall economic and social services, by providing customers with comprehensive and diversified insurance and financial services, to build "One customer, One Taiping" integrated service model.

October 2011, China Taiping Insurance Group listed as a state-owned financial and insurance enterprise managed directly by the central government. we recognize that our responsibility is more important, the task is more difficult, and notion more noble. Adhere to regulations and guidance, uphold the "careful management, customer oriented” concept, will we be able to cope with various challenges, with improved performance and service to return the community and customers. Build China Taiping's centennial through innovation, reform and development!

I believe that the `tomorrow` China Taiping is even better!