Wu Dingfu, President of China Insurance Supervisory Commisson has announced that China’s insurance industry will be reformed focusing on the restructuring the present system of state-owned insurance companies into a shareholding system. And more efforts will be put on the promotion of the market-oriented mechanism, and continuation of further opening to the outside world, regulation of structures, intensification and improvement of insurance supervision and control in a bid to prevent Wu Dingfu, President of China Insurance Supervisory Commisson has announced that China’s insurance industry will be reformed focusing on the restructuring the present system of state-owned insurance companies into a shareholding system. And more efforts will be put on the promotion of the market-oriented mechanism, and continuation of further opening to the outside world, regulation of structures, intensification and improvement of insurance supervision and control in a bid to prevent