BOC (601988.SH) Insurance Co., Ltd. has recently opened its Xinjiang Branch, the 23rd domestic branch so far. The policies made by the central government to support the development in Xinjiang have provided broader space for development of the insurance business in Xinjiang.

In view of Xinjiang's characteristic demands, BOC Insurance will make good use of Bank of China Group's comprehensive operation advantages to speed up the development of new products with local characteristics and improve the innovation of bank insurance products and services, offering good and effective services to the industrial upgrade and the improvement of people's life in Xinjiang.

The fast economic growth in Xinjiang has effectively stimulated the rapid development in the property insurance business, creating a sound environment and opportunity for the development of Xinjiang's insurance market. The opening of Xinjiang Branch is an indication of BOC Insurance's further support to "the great development of West China" and a symbol of its execution of the state policy to "provide financial supports to Xinjiang". In recent years, BOC Insurance has successfully provided insurance against large-scale commercial projects. Xinjiang Branch is committed to provide customers with services of quality relying on the overall advantages of Bank of China.