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China and ASEAN countries have supported and assisted each other in the face of the COVID-19 pandemic, demonstrating profound friendship, said Wei.
Insurance funding will be encouraged to participate in major construction projects, such as infrastructure and new-type urbanization, to better facilitate its role in driving the real economy. Special rectification regarding related-party transactions will be carried out, to resolutely deter illegal acts of misuse, arbitrage or embezzlement of insurance company funds.
"The world is still being ravaged by COVID-19, and many countries are facing a second wave of the virus, making it even more challenging to fight the epidemic, protect people's livelihoods and stabilize the economy," Wang said, adding that the Riyadh Summit is attracting much attention from the international community which expects the Summit to produce positive signals and practical initiatives of cooperation.
While boosting domestic consumption would be a significant factor for the Chinese government over the next five years, the country will remain open to the world as part of the "dual circulation" development paradigm, said Zhu Min, chairman of the National Institute of Financial Research at Tsinghua University, at a forum.
He underscored adopting a mindset consistent with the rule of law and taking a law-based approach when handling deep-seated obstacles to economic and social development, as well as providing long-term institutional guarantees for the development of the cause of the Party and the country.
来源：资阳报