To further promote the cooperation between the People’s Republic of China (PRC) and the Asian Development Bank (ADB), and better utilize ADB’s funding and technical resources to propel the PRC’s high-quality economic and social development, the Department of Foreign Capital and Overseas Investment of NDRC jointly with the Department of International Economic and Financial Cooperation of the Ministry of Finance and ADB, held on 12 May a webinar on “Enhancing Financial Resilience to Disasters – The Case for Yangtze River Flood Risk Financing”. The event was conducted through a hybrid approach with participants joining in situ and virtually. Participants discussed a series of topics to deepen multilateral and bilateral cooperation under the “14th Five-Year Plan”, disseminate international and national experience on disaster risk management, promote application of parametric insurance as an innovative financial instrument, and enhance risk resilience and financing for tackling disasters in the PRC.
Government representatives from the Department of Foreign Capital and Overseas Investment, Department of Region Revitalization, Department of Rural Economy from NDRC; the Ministry of Finance, Ministry of Water Resources, Ministry of Emergency Management, and China Banking and Insurance Regulatory Commission; and financial institutions representatives including the Agricultural Development Bank of China, PICC Property and Casualty, and China Reinsurance (Group) together with international and national experts attended the event. Together with ADB staff, a total of more than 90 participants joined the discussion.
（Department of Foreign Capital and Overseas Investment）