China Insurance Media Corporation, the country's first entire joint-stock press institution, was formally inaugurated Monday in Beijing under the approval of the General Administration of Press and Publication and China Insurance Regulatory Commission.

As part of China's trial reform on the cultural system, inauguration of the corporation is based on joint-stock reform of the China Insurance News with a registered capital of 100 million RMB yuan.

The reformed company will be under dual leadership of the board of directors and Party committee, said Dai Fengju, chairman of the directors' board. The corporation will remain close to the public life, ensure Party leadership over media and guide social opinions in the right direction. The corporation will strive to increase the value of state-owned property and achieve both economic and social returns for the newspaper.

On top of the publication, advertising and distribution of China Insurance News, businesses of the new company also cover sectors as publication, exhibition, educational training and consultation. Capital operations will also be conducted to forge an authoritative information service platform of China's financial insurance industry.

By People's Daily Online