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C919 flight test insurance selected as financial innovation case in China (Shanghai) Pilot Free Trade Zone

Last Updated (Beijing Time):2017-10-12   Source:News Center of COMAC
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The 8th batch of financial innovation cases in China (Shanghai) Pilot Free Trade Zone were announced on October 12th, 2017. A total of 15 typical financial innovation cases including the flight test insurance of the China-made large aircraft C919 were selected.

During the research and development of C919 aircraft, Commercial Aircraft Corporation of China, Ltd. (COMAC) has actively cooperated with 12 insurance companies such as PICC Property and Casualty Company Limited (PICC P&C) and Ping An Property & Casualty Insurance Company of China, Ltd., made innovations in insurance clauses and service mechanisms, and jointly arranged flight test insurance for C919 aircraft to provide guarantee for the successful first flight of C919 aircraft.

Shanghai has announced a total of 80 financial innovation cases in 7 bathes since the unveiling of China (Shanghai) Pilot Free Trade Zone. Financial innovation cases with certain typicality and referentiability in promoting the financing of "The Belt and Road Initiative", supporting the construction of Shanghai Science and Technology Innovation Center, implementing the national policy of "Targeted Poverty Alleviation" and further advancing the construction of Shanghai International Financial Center were selected at this time.

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