On the morning of July 9, Yin Yong, Mayor of Beijing, met with Anil Wadhwani, CEO of Prudential plc.

Yin noted that China’s economy continues to demonstrate steady growth, with immense development potential. The Chinese market remains increasingly attractive to foreign investors. As the national financial regulation center, Beijing plays a pioneering role in China’s financial opening up. By leveraging the development of the “two zones”, the city is further opening up its financial sector and enhancing its multi-tiered capital market system to promote the sector’s high-quality development. Beijing was among the earliest cities in China to develop and open up its insurance market. With rapid economic growth and rising living standards, public awareness of insurance in areas such as property, pension, and health has significantly increased in recent years. The insurance industry holds strong prospects for future development. Yin welcomed Prudential plc to further expand its insurance products offerings and services in Beijing, actively participate in the city’s multi-tiered capital market, expand investment and cooperation in the financial sector, and share the opportunities brought by Beijing’s high-quality development. He added that the city will continue to implement the service package and steward-style service mechanisms to optimize the business environment and provide high-quality services for enterprises seeking growth in Beijing.

Wadhwani expressed strong confidence in China’s long-term economic prospects and opportunities, reaffirming Prudential’s unwavering commitment to Beijing and China. The company stands ready to expand its insurance and investment operations and share its expertise in asset and risk management, thereby contributing to Beijing’s high-quality development.

Zeng Jin, Secretary General of the People’s Government of Beijing Municipality, attended the meeting.