Relevant leader from CIRC held the Chairman’s work meeting on January 6, listened to the 2013 work report of CISFC, and gave important instructions on CISFC’s work in 2014.
CISFC held a meeting of all employees on February 10 to learn and carry into effect the spirits of the speech of relevant leader from CIRC delivered at the National Insurance Regulation Meeting, and asked to carry out the spirits of the meeting based on actual conditions of the Company.
CISFC held a meeting of all employees on February 20, reviewed the work in 2013, and arranged the work in 2014. Also, CISFC awarded the excellent employees, excellent departments and teams making outstanding contributions in 2013. General Manager Ren Jianguo delivered an important speech at the meeting.
CISFC held the 17th meeting of the First Board of Directors in Beijing on March 26, adopted three proposals, including the 2014 annual work plan and the 2014 annual financial budget.
CISF recorded its balance of more than RMB50 billion as of March 31, representing a growth of 2.4 times the figure at the time of establishment of CISFC, and continuously increasing the economic strength for risk resolution.
The first investment portfolio operated by an external professional institution that was entrusted by CISFC was formally launched on April 9, representing an important step CISFC has taken towards market-oriented and professional management of the insurance security fund.
At the end of May, CISFC smoothly completed the final settlement and clearing of the insurance security fund for 2013 by combining online declaration and document submission.
On June 30, CISFC held a learning (enlarged) meeting of the Central Group of the Party Committee, and learned the spirits of a series of important speeches of Secretary-General Xi Jinping and the spirits of the speech of relevant leader from CIRC delivered at the opening ceremony for the training seminar of bureau-level leading cadres.
To memorialize the 93rd anniversary of the Communist Party of China, the Party Committee of CISFC organized all Party member cadres to go to the Comrade Jiao Yulu Memorial in Lankao County, Henan Province, and hosted a theme event of the Party Day on July 9.
CISFC sent a survey delegation to America on August 11-16. The delegation visited Pennsylvania Insurance Department, New Jersey Department of Banking and Insurance and the New York Liquidation Bureau, to investigate the evolution of the American insurance security fund system. The survey has also laid a good foundation for strengthening exchange and cooperation with foreign peers.
On August 13, CISFC and the Financial and Accounting Department of CIRC organized a training meeting on fund collection management. CISFC reviewed the innovative practices in fund collection and management over the past years, as well as discussed and analyzed problems existing in the work. 20 representative insurance companies assigned delegates to attend the meeting.
CISFC held a meeting of all employees on August 14 and learned the Several Opinions of the State Council on Accelerating Development of the Modern Insurance Service Industry in depth. General Manager Ren Jianguo made profound interpretation of the document, and set concrete requirements for learning the spirit of the document.
CISFC successfully held the 5th meeting of the Risk Assessment Expert Committee for Insurance Industry on August 25-26. At the meeting, the Committee heard CISFC's special report, and discussed such hotspot issues as China Risk Oriented Solvency System (“C-ROSS”) and reform of vehicle insurance premium in depth.
At the end of September, CISFC prepared and published Volumes 1 and 2 of China Insurance Security Fund System: Research & Practice Series, and disseminated the functions and rules of CISF to the public and industry. Relevant leader from CIRC wrote a preface for the “Series”.
On October 16-17, CISFC held the 2014 Annual Work Meeting on entrusted asset management in Suzhou. General Manager Ren Jianguo attended the meeting and delivered an important speech. While fully recognizing the trust investment work, he also put forward higher requirements for the market-oriented and professional management of CISF.
The CISFC Party Committee held a meeting of all employees on October 21, and learned the spirit of the speech Secretary-General Xi Jinping delivered at the summary meeting on the education and practice campaign for the Mass Route of the Party. General Manager Ren Jianguo presided over the meeting and gave a speech entitled “Pay Attention to the Heritance of Excellent Cultures when Strengthening the Construction of the Ideology and Behavior”.
CISFC hosted a series of learning campaigns under the theme of “Pursuing Confucian Way, Improving Moral Level” in November, which yielded good effect.
On December 5, CISFC was rated as an advanced institution in the “2013 Circular on Final Financial Account Statements of National Financial Enterprises” by the Finance Department of the Ministry of Finance.
On December 19, CISFC held the 18th meeting of the First Board of Directors. At the meeting, the Board of Directors listened to the report on CISF’s work in 2014 and the work plan for 2015, and adopted the proposal on establishing the Information Management Department.
On December 30, relevant leader from CIRC paid a visit to CISFC. He highly acknowledged CISFC’s work in business development and team building, and set new requirements for CISFC’s development under the New Normal.