Recently, according to information released by Guodian Capital Holdings Co., Ltd., a delegation led by the company's Party Committee Secretary and Deputy General Manager Liu Yan visited the Hong Kong Office of the Commissioner of Insurance and called on Assistant Commissioner of Insurance Lam Ka-tai, JP. The two sides held in-depth exchanges on the feasibility of Guodian Capital establishing a captive insurer.
        Liu Yan introduced the relevant circumstances of Guodian Group, Guodian Capital and its financial sector units, and pointed out that establishing a captive insurer can effectively reduce the group's premium expenditure, enhance its risk management and control, build a platform for the group's global outward investment, and strive to improve the core value-creating capability of its capital.

        Mr. Lam Ka-tai, JP, extended a warm welcome to Liu Yan and his delegation, and gave a detailed introduction to topics including the process for Mainland enterprises to establish captive insurers in Hong Kong, corporate governance structures, tax policies and key regulatory points at each stage. The two sides also held in-depth discussions on specific business plans, laws, regulations and policies, the use of insurance funds, and personnel and institutional requirements.
        Liu Yan and his delegation also called on Wang Zhiliang, Managing Director of CNOOC Insurance Limited, and held extensive exchanges on topics including CNOOC Group's experience and practices in establishing and operating a captive insurer, the necessity and strategic positioning of establishing a captive, and enhancing the group's centralised risk management and control capability.