China's National Financial Regulatory Administration and the Ministry of Science and Technology convened a multiagency meeting to advance implementation of the policy framework for high-quality science and technology insurance. Priorities include expanding coverage for major national technology projects and technology-focused small and midsize enterprises, developing products for the full innovation lifecycle and using Beijing, Shanghai and the Guangdong-Hong Kong-Macao Greater Bay Area as testing grounds for new approaches. From January through August 2026, science and technology insurance provided CNY 8.7 trillion of risk protection, up 66.9% from a year earlier, while the number of market participants has grown from four pilot insurers to more than 60. Insurers were directed to extend protection beyond assets and completed outcomes to cover research processes and experimental work, while embedding risk assessment, monitoring and hazard identification into corporate innovation. They should improve technology risk data, actuarial pricing, specialist teams and internal assessment systems. Insurance funds are also expected to support early-stage, smaller and long-term investments in advanced technology through bonds, funds, equity and asset securitization, backed by stronger coordination among financial, technology, industry, fiscal and intellectual property authorities.
2026-09-28China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration sets science and technology insurance priorities as coverage reaches CNY 8.7 trillion
China's National Financial Regulatory Administration and other agencies set priorities for expanding science and technology insurance across the innovation lifecycle, with a focus on major national projects and technology-focused smaller businesses. Risk protection reached CNY 8.7 trillion from January through August 2026, up 66.9%, while more than 60 insurers now participate. Insurers are expected to improve risk services, data and pricing, and direct more long-term capital toward advanced technology.