The Chinese government has issued new guidelines to accelerate the high-quality development of sci-tech insurance, among broader efforts to strengthen technological self-reliance.
The document, which was issued by the Ministry of Science and Technology, the National Financial Regulatory Administration, the Ministry of Industry and Information Technology, and the China National Intellectual Property Administration, sets out 20 measures across six areas, aiming to build a sci-tech insurance system that is better aligned with technological innovation.
The country's sci-tech insurance has played a stabilising role in offsetting the high costs, long development cycles and elevated risks associated with technological innovation. In 2025, it provided about CNY8tr ($1.16tr) in risk coverage, with premiums rising 44% y-o-y.
The new guidelines call for improved risk-sharing mechanisms for major technological breakthroughs, as well as strengthened insurance support for national strategic technological forces. For tech-focused small and medium-sized enterprises, insurers are encouraged to offer simpler, more affordable products with greater ease of access and convenient claims processes.