The news that "China People's Insurance Company shut down the loan-assisting insurance department" broke out on social platforms, which aroused great concern in the industry. PICC P&C responded to the Shanghai Stock Exchange that PICC P&C did not close the loan insurance department, let alone such business. In order to strengthen agriculture support and support small business financing, PICC P&C established inclusive finance Business Department a few years ago, and set up inclusive finance franchise institutions in provincial and municipal institutions, and increased the credit of loans for individuals and small business owners through credit insurance such as loan guarantee.