Former Vice Chairman of China Banking and Insurance Regulatory Commission Liang Tao: Accelerate the research on innovative energy vehicle insurance reforms and design insurance products linked with carbon trading and green credit.

Liang Tao, former Vice Chairman of the China Banking and Insurance Regulatory Commission, stated today at the "Embark on 2025 Financial Annual Meeting" that establishing a sound green, low-carbon, and circular development economic system is an inevitable choice to promote the construction of a modernized and powerful country through high-quality development. In light of the fact that sales of new energy vehicles already account for half of the market, it is necessary to track the development direction of new energy vehicles, accelerate the reform of insurance for new energy vehicles to meet changing needs. Efforts should be made to vigorously develop insurance for environmental pollution, forests, grasslands, new energy storage facilities, weather indices, and carbon resource loss, promote product innovation, design insurance products linked with carbon trading and green credit, and meet the market demand for diversified financial products.