Dalian recognizes the first application of the digital renminbi in the operation of "gift insurance" nationwide.

On November 29, 2021, Dalian City Center Branch, Dalian Securities Regulatory Bureau, Dalian Bank Insurance Supervision Administration, Dalian PSBC Branch, Dalian PICC P&C Branch, and Anyang Futures Northeast Branch were announced. been created. .

'Insurance Futures' is listed under the title 'No. 1 Letter' for 6 years together. By purchasing insurance products from an insurance company, the farmer can avoid the risk by changing the price of the insurance product. At the same time, the insurance company can buy the future business risk management, future printing, and finally establish a closed loop of risk management.

The current "insurance" service model includes corn, soybeans, cotton, apples, live pigs and eggs and other livestock industries and has become an important tool in agriculture, areas. rural and rural support financial services. In early 2021, PSBC Dalian Branch, PICC P&C Dalian Branch and Anyang Futures Northeast Branch formed a special group to explore digital yuan cooperation in the field of "gift insurance".

After further research and demonstration, the opportunity for future pigs in Dalian commodity market with the needs of Dalian farmers, the team finally selected Dalian pork industry as a startup. This is the implementation of the project.

On the morning of the 29th, Mr. Gao, a farmer from Fulandang District, was paid for "the next live pig bounty" by the digital yuan. You will purchase an option from the Company's store in the future.

Hedging in the futures market modifies the risk to the futures market. This system uses the unique advantages of the digital renminbi in terms of security and convenience, a controllable process, both offline, to achieve the digital renminbi closing cycle, where people cultivate premiums and insurance payments.

This is not only the first new application of the digital renminbi in the field of "future insurance", but also another practice in which the renminbi uses its basis in financial accounting and supports rural development.

In the next phase, the three sides will work together, continue to support our rural areas and contribute new industries for rural development, and gradually explore and develop the widely used digital renminbi. Focus on human and human health, focus on key needs, continuously develop new designs, actively develop models and features of application scenarios, and promote the knowledge, convenience and popularity of the digital renminbi.