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China, Canada Hold symposium on Insurance Supervision
The governments of China and Canada recently held a symposium focusing on the supervision of insurance foundation at Dalian, coastal resort city in northeast China's Liaoning Province.
Officials and experts from both sides carried out discussions concerning a wide range of topics including the evaluation of the social insurance fund, fraud prevention, and security in fund operation at the government-sponsored symposium.
Shi Mingcai, senior official with the Ministry of Labor and Social Security of China, said that it is necessary for China to refer to the mature experience and successful application of Canada in the practice of social welfare.
Both countries sent delegations to the other for exchanges and communication over the past few years.
China is now trying to blueprint a frame for a new, uniform, efficient, normative social welfare system for the benefit of all the people.
The country is a newcomer in this field, making it urgent to learn from other countries with a fully developed social welfare system, said Shi.
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