July 16, 2020 "China Bank Insurance News", page 5, full-page published by Southwestern University of Finance and Economics, School of Insurance, in conjunction with Gongbao Technology released the "China's construction project guarantee insurance blue paper (2020)" summary version, the following reproduced the full text of the summary version of the blue paper, please pay attention to:

/ Blue Paper - Foreword

2020 global economic situation due to the "epidemic" change, focusing on the field of engineering and construction, on February 8, the National Development and Reform Commission's official website. "Epidemic" and change, focusing on the field of engineering and construction, February 8 in the National Development and Reform Commission's official website, a "on the active response to the epidemic and innovation to do a good job bidding work to protect the smooth operation of the economy of the notice" (Development and Reform Electricity 〔2020〕 No. 170) sent to the "provinces, autonomous regions, municipalities directly under the Central Government, Xinjiang Production and Construction Corps Development and Reform Commission, the lead department for bidding guidance and coordination, the lead department for the integration of public *** resources trading platform, China Bidding and Tendering Association, the national public *** resources trading platform, China Bidding and Tendering public *** service platform" and other departmental agencies, the "Notice", Article 7, requires: "Improve the Bidding security methods. While fully implementing the online payment and refund of bid security, vigorously promoting the use of guarantee, especially electronic guarantee to replace the cash deposit, to realize online submission and online checking." On February 26, the Ministry of Housing and Urban-Rural Development (MOHURD) issued the Notice on Strengthening the Prevention and Control of the New Crown Pneumonia Epidemic and Promoting the Start and Resumption of Work by Enterprises in an Orderly Manner (Jianbao Shi [2020] No. 5), which emphasizes "replacing security deposits with bank guarantees, guarantees from engineering guarantee companies, or engineering guarantee insurance, so as to reduce the use of funds by enterprises." Do our best to resolve the impact of the epidemic outbreak on China's economy, construction project guarantee insurance and its electronic platform construction to become one of the "anti-epidemic resumption of work grasp", but also in the field of construction reform and development of the rightful meaning and innovation.

In this context, accelerate the implementation of the construction engineering field project guarantee insurance system, not only has the urgent significance of the implementation of the spirit of the document notification, but also to achieve the goal of the reform and development of the field of construction engineering, and at the same time to step up the study of the construction project guarantee insurance, in itself, also has an important academic value and significance.

In the spirit of the above mission, under the guidance of the Insurance Institute of China, the School of Insurance of Southwestern University of Finance and Economics and Gongbao Science and Technology (Zhejiang) Co., Ltd. set up a group to carry out exploration and research on construction guarantee insurance, and the results are compiled into a booklet, released in the world with the "Blue Book of China's Construction Guarantee Insurance (2020)", which is mainly concerned with the rise of China's construction guarantee insurance and development, contractual object, pilot project, and the development of construction guarantee insurance. The main contents of the Blue Book are related to the development of China's construction project guarantee insurance, the subject and object of the contract, the pilot policy model and its effectiveness, supervision and self-regulation, positioning, development path, future model, and some of the problems that China's construction project guarantee insurance is facing in the development of the current. The release of the Blue Book aims to become a "gas pedal" for all walks of life to further promote the development of construction project guarantee insurance, effectively enhance the service capacity of insurance institutions through technological empowerment, and ultimately achieve the optimization of the business environment and effectively reduce the burden on enterprises. As the first blue book on construction project guarantee insurance in China, it opens a platform for in-depth communication in the field of project guarantee insurance. Although the group has done its best to do a lot of work, but the theoretical research and data of engineering guarantee insurance is relatively scarce, coupled with the first publication, the content of the inappropriate inappropriate inevitable, please readers do not hesitate to advise.

Chapter I, the rise and development of China's engineering guarantee insurance

Engineering guarantee system, is the 1980s in China's construction engineering field introduced a risk protection system, through the introduction of the bond or the third-party guarantor, aimed at solving the long-term existence of various types of irregularities in China's construction market, to strengthen the market trustworthy performance, transfer, dispersion, prevention and resolution of various types of engineering risks, to protect the quality and safety of construction.

The system is designed to address the various types of standardized behaviors that have long existed in China's construction market by introducing a bond or third-party guarantor.

Engineering guarantee insurance is one of the engineering guarantee mode, is a kind of construction engineering contract performance behavior as the subject of the contract guarantee insurance. Specifically, engineering guarantee insurance is a risk transfer mechanism in which the policyholder delivers premiums to the insurer, and when the policyholder fails to fulfill its contractual or statutory obligations due to its action or inaction, causing losses to the insured, the insurer pays out to the insured. In recent years, the discussion on the legal attributes of guarantee insurance has gradually subsided, and basically reached a *** knowledge of the nature of its insurance.

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From the economic point of view, engineering guarantee insurance is a financial arrangement to share the loss and provide economic security.

2

From a legal point of view, engineering guarantee insurance is a contractual act.

3

From the social point of view, engineering guarantee insurance is of mutual assistance.

4

From the perspective of risk management, engineering guarantee insurance is a method and mechanism of risk management.

Figure 1-1 Main types of domestic engineering guarantee insurance

In 2016, the state issued the Notice on Cleaning up and Standardizing the Guarantee Deposits in the Field of Engineering and Construction to make it clear that, for the guarantee deposits required to be paid by the construction enterprises in the construction of the project, except for the bidding deposit, performance deposit, project quality deposit, and migrant workers' wage deposit established in accordance with the law and regulations, the other guarantees are abolished. Correspondingly, the current domestic engineering guarantee insurance mainly includes bidding guarantee insurance, performance guarantee insurance, quality assurance insurance and migrant workers' wages payment guarantee insurance corresponding to the four kinds of deposit.

In addition, the domestic engineering guarantee insurance market is also active in the advance payment guarantee insurance, the owner of the contract payment guarantee insurance.

After the restoration of domestic insurance business in 1980, the former People's Insurance Company of China tested the engineering contract guarantee insurance business in its foreign-related business. 2006 Opinions on Further Implementation of the Engineering Guarantee System in Construction Projects clarified that "the guarantor providing engineering guarantees can be a qualified insurance company registered in the territory of the People's Republic of China*** and the State. insurance company." In the following two years, some domestic insurance institutions sporadically provide performance guarantee services in the form of "guarantee insurance performance bond", but overall the research and development, promotion and application of engineering guarantee insurance products are almost stagnant.

With the enhancement of risk management technology and changes in the social credit environment, insurance institutions are beginning to be sensitive to the engineering guarantee insurance market: in 2012, MPCI submitted a request for declaration of part of the engineering guarantee insurance clauses, which was approved by the supervisory authorities. 2014, the construction authority of Wenzhou City, Zhejiang Province, introduced a pilot project of long term guarantee insurance to ensure the safety and security of the construction industry. In 2014, the construction department of Wenzhou City, Zhejiang Province, introduced the "construction contract performance guarantee insurance" provided by Chang'an Liability Insurance Company Limited on a pilot basis, and since then, the project guarantee insurance formally stepped into the pilot policy to support the period.

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In 2015, Anhui, Yunnan, Fujian Province, the first three provinces issued a pilot project guarantee insurance;

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2016, Jilin, Sichuan, Zhejiang Province to join the ranks of the pilot insurance;

3

2017, Xinjiang, Guangxi, Qinghai, Shandong, Hainan, Jiangxi, Hubei, Jiangsu, Tianjin nine provinces (autonomous regions and municipalities directly under the central government) has issued a document to support the development of engineering guarantee insurance;

4

In 2018, Guizhou, Henan, Hunan, Guangdong, Ningxia, Liaoning, Gansu, Heilongjiang eight provinces (autonomous regions) have implemented the engineering guarantee insurance system.

Engineering guarantee insurance has become the fastest-growing engineering guarantee method by virtue of its advantages such as fast processing and not taking up credit. 2019's "Guiding Opinions of the Ministry of Housing and Urban-Rural Development and Other Departments on Accelerating the Implementation of the Engineering Guarantee System for Housing Construction and Municipal Infrastructure Projects" even put forward the goal of "by 2020, the replacement rate of various types of bonds with guarantees will obviously be increased". As of June 2020, 28 provinces (autonomous regions and municipalities directly under the central government) have introduced policies related to construction guarantee insurance.

China's engineering guarantee insurance development is still in the initial stage, the current main manifestation of the "bond instead of cash deposit" macro trend, "three major engineering guarantee mode of competition development" meso trend, as well as the "e-bond service platform", the "e-bond service platform". The micro trend of "the rise of electronic guarantee service platform".

Chapter 2, China's engineering guarantee insurance contract subject, object and content

Engineering guarantee insurance has grown into an important emerging force in the engineering guarantee market, as shown in:

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The total amount of engineering guarantee insurance business continues to grow. According to some industry data on domestic engineering guarantee insurance from 2016-2019, the overall premium scale of industry-wide engineering guarantee insurance has risen from 100 million yuan in 2016 to 1.1 billion yuan in 2019.

2

The main body of the engineering guarantee insurance market is increasing. The development of the industry is analyzed through the total number of insurance companies conducting engineering guarantee insurance business in China from 2014-2019, which has grown from 1 in 2014 to 43 as of May 2020.

The development of the construction guarantee insurance system involves a wide range of subjects, including the subjects of the insurance contract, such as construction enterprises, insurance companies, construction units, and migrant workers; and other subjects in the insurance market, such as insurance intermediaries, technical and management organizations.

Figure 2-1 Engineering Guarantee Insurance Contract Subject, Object Relationship Diagram

Construction Project Guarantee Insurance can release the cash flow pressure caused by various types of project deposits at a lower cost, and does not take up the enterprise's bank credit, which has an important market value for the development of the domestic building construction enterprises.

The bidding, performance and project quality guarantee insurance of the project guarantee insurance is mainly for preventing the contractor's contractual breach of contract on the side of the construction unit to cause corresponding losses, and its insured is "construction unit"; the guarantee insurance for the payment of wages of migrant workers is for protecting the payment of wages of migrant workers, and its insured is "migrant workers". "Migrant workers".

Contract payment guarantee insurance, the construction unit as the policyholder, building construction enterprises as the insured.

Other subjects in the project guarantee insurance market refer to the subjects participating in the promotion and application of project guarantee insurance and providing related services in addition to the main subjects of the project guarantee insurance contract, mainly including: insurance intermediaries, technical and management organizations.

The insurance intermediary channel will be an important driving force that cannot be ignored in the development of the engineering guarantee insurance market. At present, the domestic insurance intermediary organization lacks accumulation in corresponding professional technology, talents and management power, and the ability of insurance intermediary to promote engineering guarantee insurance is still relatively limited, but there is still much room for development in the future.

In the process of promoting engineering guarantee insurance, technical and management organizations provide professional and effective technical and risk management services, which play an important role in promoting the insurance market, realizing the functions of the products and improving the insurance services, etc. They are mainly divided into two categories, namely, third-party risk management companies and third-party technical service companies.

In the field of engineering guarantee insurance, the third party risk management company mainly refers to the professional organization entrusted by the insurance company to use professional risk management technology to identify and assess the risk factors of engineering guarantee insurance, and to propose risk control measures and risk response plans, as well as to provide the basis for underwriting.

Third-party technical service companies are brand-new industry subjects that have emerged in the context of accelerating the application of science and technology with the rapid development of science and technology such as big data, cloud computing, Internet of Things, artificial intelligence, and blockchain, and are able to provide technical support in various aspects, such as software and hardware platform services, system technology services, and data analysis services, for the traditional insurance institutions and government departments.

In assisting the government to improve its service level, the third-party technical service company realizes information ****sharing for the government authorities by building "Internet+Government+Supervision" platforms, such as the information management and supervision platform for project deposit and the electronic policy service system for bid guarantee insurance, as well as the approval management system for the whole process of the engineering project and other supervisory systems. ***sharing, providing technical solutions for government authorities in charge of data statistics, project risk management, and guarantee insurance processing.

The content of the project guarantee insurance contract mainly includes insurance liability, liability exemption, insurance amount and deductible (amount), insurance period, insurer's obligations, obligations of the policyholder and the insured, compensation processing and other parts. The insurance liability is the focus of the policyholder and the insured, which is the core difference between different insurance products under the engineering guarantee insurance segment, and is also the main contractual basis for the insurance company to carry out the subsequent claims service work.

Engineering guarantee insurance covers many aspects of the engineering contract flow, which is applicable to different scenarios and serves specific objects, and is characterized by comprehensive coverage of insurance liabilities and easy comprehension for the insured and the relevant governmental authorities, which further demonstrates the practicability of engineering guarantee insurance in the design and application of the contract.

Chapter 3, China's engineering guarantee insurance pilot, the status quo and problems

With the scope of engineering guarantee insurance pilot in the country continues to expand, around the insurance pilot practice in the continuous exploration and accumulation, and gradually present different emphasis on the seven differentiated features:

Figure 3-1 national pilot model seven differentiated features

Differentiated features of the first: credit Evaluation/differentiated rates.

The pilot policy opinions of governments around the world generally propose the implementation of differentiated rates for construction enterprises through the credit evaluation mechanism to promote the establishment of a market mechanism for the construction industry that provides incentives for trustworthiness and disincentives for non-trustworthiness.

Differentiated characteristics of the second: *** body of insurance and separate underwriting.

All over the world in the implementation of engineering guarantee insurance work, most insurance companies are required to take the "an insurance agency to take the lead, joint several insurance agencies to form an insurance **** insurance body" business model; some regions also allow insurance companies to take the liberalization of decentralized underwriting business model, to give the policyholder a greater choice of space. In addition, insurance companies can also effectively prevent and control risks through reinsurance.

Differentiation feature 3: insurance mode and product form.

The pilot development of engineering guarantee insurance around the world has mostly put forward the requirements of "advocating network insurance" and "actively developing electronic bond".

Differentiating feature 4: dynamic risk management of insurance companies and construction market credit system construction.

Insurance companies use the construction market credit system construction to promote the realization of their own dynamic risk management or risk management with the help of the third-party professional and technical management institutions, and through the interconnection and intercommunication with the government's relevant information supervision platform, they become a part of the credit evaluation system in the construction market, and contribute to the improvement of the construction market credit system construction.

Differentiation feature V: third-party professional organizations.

Different regions pilot policy opinions, for insurance companies risk management, credit evaluation and other business content, it is proposed that you can rely on the power of third-party professional organizations, including the third-party credit investigation and management agencies, engineering consulting agencies, engineering supervision agencies.

Differentiation feature 6: the qualification ability of insurance companies.

Policy opinions around the qualification requirements for insurance companies are more consistent, that is, in line with the conditions of the CBIRC regulatory requirements, but also specific requirements on their capabilities, focusing on: "whether it has a complete service network", "whether it has rich experience in insurance services in the field of housing construction and municipal infrastructure projects", "whether it has rich experience in insurance services in the field of housing construction and municipal infrastructure projects". infrastructure engineering field insurance service experience" and so on.

Differentiating feature 7: Insurance institutions shall not provide engineering guarantee insurance for both parties of the same project.

Because of the conflicting interests of the construction unit and the contractor in the same engineering construction contract, in order to ensure the security of the transaction, the pilot document in some areas requires that the same insurance organization shall not provide guarantee insurance for both the contractor and the contractor in the same project.

In the process of market practice of engineering guarantee insurance, domestic insurance companies have made various exploration attempts in business operation and accumulated valuable market operation experience:

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Professionalized management system is gradually taking shape. The existing business system, underwriting system, and reinsurance system of insurance companies have gone through a process of emptying and re-learning, and the business management is gradually approaching refinement and specialization.

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The quality of the team is rapidly improving. Engineering guarantee insurance requires a high level of cross-border knowledge reserves and comprehension, and the demand for high-quality sales and management personnel is becoming increasingly strong.

3

Cross-border cooperation has achieved good results. In some regions, pilot insurance companies have relied on third-party professional risk management organizations to carry out marketing work and achieved good results.

Meanwhile, insurance companies have also shown some problems in the process of pilot operation:

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Irrational price competition. From the pilot situation of domestic engineering guarantee insurance, the main means of competition of insurance companies is the traditional way of price competition. For the sake of premium scale and market share, some pilot areas appear "a price reduction, the industry follow the trend", ignoring risk management and insurance services, premium adequacy is reduced, affecting solvency.

2

Lack of claims experience and claims case studies. The speed and quality of insurance claims is an important factor affecting the development of the engineering guarantee insurance market. However, at present, there are relatively few claims cases of domestic engineering guarantee insurance, and there is a lack of professional claims talents, and there is a lack of in-depth research and exploration of claims cases, which makes it impossible to form a systematic claims system and claims process.

Chapter 4: Supervision and Self-Regulation of Engineering Guarantee Insurance in China

Currently, engineering guarantee insurance shows the characteristics of collaborative supervision of the industry: in addition to the supervision of banking and insurance regulators on the market behavior of the insurance institutions, solvency and corporate governance, the construction departments of the pilot regions, human resources and social services departments, public ****resource trading centers, transportation departments, and the construction of the water sector and other competent authorities are also involved in the engineering guarantee insurance. authorities are also involved in the supervision of construction guarantee insurance.

Figure 4-1 China's construction guarantee insurance regulatory system

In construction guarantee insurance, the regulation of market behavior is mainly embodied in the two aspects of business regulation and product regulation:

In the aspect of business regulation

In July 2017, the former insurance regulator issued Interim Measures for Supervising the Business of Credit Guarantee Insurance, which for the first time regulates the export credit insurance from the aspects of operating rules, internal control management and supervision and management to comprehensively regulate the credit insurance business other than export credit insurance, changing the previous idea of ex post supervision that mainly relied on administrative penalties and special rectification, and gradually transforming from resultant ex post supervision to process-oriented ex ante ex post supervision.

In May 2020, the banking and insurance regulator issued the Measures for Supervision of Credit Insurance and Guarantee Insurance Business, which comprehensively revised the supervision of guarantee insurance business and emphasized on strengthening the solvency margins. comprehensively revised, and focused on strengthening solvency regulatory constraints to ensure that the development of credit insurance business matches the company's strength and risk management capability.

In terms of product supervision

In February 2020, the banking insurance regulator issued the Circular on Issues Related to Further Strengthening and Improving the Supervision of Property Insurance Companies' Products, which specifies that since March, the local banking insurance regulator will be responsible for the filing and supervision of the engineering guarantee insurance. According to the new regulations, the local banking insurance supervisory authorities will focus on the terms and rates of engineering guarantee insurance, risk control, product supervision through tracking and monitoring of the company's products under their jurisdiction, organizing and implementing off-site inspections of the company's products under their jurisdiction, and being responsible for the disclosure of information related to the products as well as for the work of petitions and complaints.

In the process of implementing the project guarantee insurance, housing and urban-rural construction departments at all levels, human resources and social security departments, banking and insurance supervision departments and other departments have their own responsibilities, full cooperation, and timely coordination to solve the contradictions and problems encountered in the implementation of construction project guarantee insurance work. The pilot regions have developed differentiated regulatory requirements for different types of insurance according to local conditions.

Self-regulation of the insurance industry mainly relies on the Insurance Association of China (IAOC), a national self-regulatory organization of the insurance industry. In the field of engineering guarantee insurance, the positive role that the insurance industry association can play includes improving the industry's service quality and providing industry model standard clauses.

At the same time, the engineering guarantee insurance industry also spontaneously carries out self-regulation through the formation of insurance syndicates (*** insurance syndicates).

Engineering guarantee insurance, as an innovative way to regulate the construction market, will help to improve the effectiveness of government supervision in the entire construction industry, forming a new impetus for the transformation and upgrading of the government's supervisory methods, and gradually becoming an important means of government transformation in the new era.

Chapter 5, the United States and South Korea engineering guarantee insurance system development and characteristics

Compared with the development of China's engineering guarantee system, some developed countries as early as the end of the 19th century has begun to explore this system, the development of so far has formed a more complete system and system, it is worthwhile to refer to our reference.

The U.S. engineering guarantee system has been practiced for more than 100 years, in the legislative construction, market supervision, functional application and other aspects have formed a more complete system and achieved success. Insurance companies, as the main underwriters in the engineering guarantee market, occupy about 90% of the market share. Legislation is an important guarantee for the rapid development of U.S. engineering guarantee insurance, that is, for the engineering guarantee system to set up a special national law, the government contracted projects (including buildings and public **** facilities, construction, alteration and repair, etc.), the "mandatory implementation" of the guarantee.

In Asia, South Korea is the main representative of the early development of the engineering guarantee insurance market, the development of faster, more mature degree of development of the main countries. As early as 1969, Korea Fidelity Guarantee Corporation (formerly SGI) was established, and the guarantee insurance service it started formally became the beginning of the Korean engineering guarantee insurance market business.

In 2004, Korea's guarantee insurance market premium income reached 777 million U.S. dollars, with the United States, Italy, Mexico, France *** ranked in the world's top five guarantee insurance premium income. And in the overall Korean guaranteed insurance market, engineering guaranteed insurance occupies more than two-thirds of the market share, and thus has gained significant market development.After 2004, the Korean engineering guaranteed insurance market has maintained a steady growth, and the overall premium scale of the market as of 2018 is about USD 2.4 billion. Therefore, exploring and analyzing the development path of South Korea's engineering guarantee insurance market also has important reference significance for China.

Chapter 6: Positioning, Development Path and Mode Exploration of China's Engineering Guarantee Insurance

The development of China's engineering guarantee insurance is still in its infancy, and at present, it mainly exhibits the macroscopic trend of "replacing the cash deposit with the letter of guarantee", the mesoscopic trend of "the competition among the three major engineering guarantees", and the mesoscopic trend of "the competition among the three major engineering guarantees". "the meso trend and" the rise of electronic bond service platform "micro trend.

With the continuous advancement of China's bidding and tendering electronic process, bid guarantee insurance electronic has become the development trend, and led to the rise of electronic bond service platform. At present, the electronic operation mode of domestic engineering bid guarantee insurance is mainly divided into three kinds, namely, the traditional "1+N" mode, *** insurance body "1+1+1" mode, new industry joint development "1+1+N " mode. Each of the three models has its own characteristics and has important reference value for the market development of domestic engineering bid guarantee insurance.

Figure 6-1 Electronic operation mode of domestic engineering bid guarantee insurance

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Since January 2017, all regions of the country have been on-line with the bid guarantee insurance electronic policy system through the local housing and urban-rural construction authorities and public ****resource trading centers. In the same year, Yunnan and Guangxi opened the e-policy function mainly by putting the construction project insurance module online on the construction integrity and supervision integration platform, while Jianggan District in Hangzhou started to provide self-service bid bond business on the bank's e-tendering platform.

2

On July 12, 2018, the Public **** Resources Transaction Center in Dalian City, Liaoning Province, went online with the service system of the country's first electronic bond, giving birth to the country's first bid guarantee insurance electronic policy. In the same year, the public **** resources trading centers in Leshan City, Sichuan Province, and Mawei District, Fuzhou City, also went online with the bid guarantee insurance electronic policy system.

3

On December 29, 2018, the bid guarantee insurance electronic policy service platform of Leshan Public **** Resources Transaction Center went online. Leshan City bid guarantee insurance electronic policy service platform in accordance with the "electronic bidding and tendering methods" for system construction, fully embedded in the public **** resources trading electronic service platform, the bidder does not need to switch the system operation can be completed to insure the supervisory departments to achieve the centralized management of the bid guarantee insurance policy, dynamic supervision and other functions.

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On July 1, 2019, the Changsha Public **** Resources Transaction Center in Hunan Province went online with an electronic policy system for bid guarantee insurance for engineering and construction, adopting the nation's first 1+1+N model, i.e., "one transaction center + one electronic bond service platform + multiple financial service institutions". Under this model, the public **** resources trading platform is first docked with the third-party platform, and then docked with various financial institutions through the third-party platform, and the system is open to all financial institutions and randomly assigned to issue policies. This mode relies on the technical advantages of the professional third-party platform to promote the construction of the trading platform to be more perfect, safer and more convenient; at the same time, the public *** resources trading center only needs to formulate rules and do a good job of supervision and management work can be realized, "supervision and order, a reasonable division of labor". The Changsha Public *** Resources Transaction Center's e-bonding operation model has triggered extensive discussions nationwide, and in the third and fourth quarters of 2019, many domestic public *** resources transaction centers began to learn or follow the Changsha model, and the attention and discussion of e-bonding in the country is rapidly increasing.

2020Under the pattern of change due to the "epidemic", the intelligent, online, electronic engineering guarantee insurance has become an industry trend **** knowledge, the application of digital technology to improve the level of risk control, actuarial, service, etc., to achieve the operational transformation of the engineering guarantee insurance, model innovation, industrial integration will be the trend, for the insurance institutions, the future is destined to be a new era. For insurance agencies, the future is destined to be a "technology-enabled" fight.

Conclusion:

The above is an excerpt from the chapter of the Blue Book of China's Construction Project Guarantee Insurance (2020) due to the limitation of the length of the publication, please refer to the full version of the Blue Book for the relevant citations. For more information, please send the keyword "Blue Book + your contact information" to LPS@cngongbao.com, and the team will contact you in a timely manner.

School of Insurance, Southwestern University of Finance and Economics (SWUFE), and Gongbao Technology (Zhejiang) Co.