On the morning of March 10, 2015, CGN Insurance Co., Ltd. was inaugurated in Hong Kong. Approved by the Hong Kong Office of the Commissioner of Insurance and authorised to carry on captive insurance business, CGN Insurance is China's first nuclear power captive insurer. Its main business covers insurance for nuclear power plants during the operation and construction periods, as well as other general property insurance business.

The establishment and operation of CGN Insurance is expected to achieve long-term, sustainable risk management of the group's nuclear power assets, through the self-management and mutual assistance of the various nuclear power owner companies in nuclear insurance and risk management, and through sound cooperation with domestic and international reinsurance players, thereby supporting and promoting the development of the group's core business.

Shi Bing, Deputy General Manager and Chief Accountant of China General Nuclear Power Group (CGN), said in his address that CGN Insurance will be based in Hong Kong and serve the group, focusing on enhancing integrated professional service capabilities and safeguarding the development of the group's nuclear power projects. He also expressed the hope that CGN Insurance will make full use of Hong Kong's international development platform and actively strengthen cooperation with domestic and international reinsurance players, so as to provide stronger support and protection for the rapid and healthy development of China's nuclear power industry.

Attending the unveiling ceremony were K.C. Chan, Secretary for Financial Services and the Treasury of the HKSAR Government; Hong Simin, Principal Assistant Secretary; important partners from the insurance industry; Chen Qiming, General Manager of the Asset Management Department of CGN; Liu Damin, Deputy General Manager of Daya Bay Nuclear Power Operations and Management Co., Ltd.; Hu Yanming, General Manager of CGN Capital Holdings Co., Ltd.; and Zheng Hongliang, General Manager of CGN Insurance Co., Ltd.