Recently, Standard & Poor’s Global Ratings officially confirmed that China Re Group and its subsidiaries China Re P & C, China Re Life and China Re Hong Kong were rated “A” with a steady prospect in terms of long-term financial strength and issuer credit rating; and confirmed that Chaucer Insurance Company Designated Activity was rated “A-” with a steady prospect in terms of long-term financial strength and issuer credit rating.

　　According to Standard & Poor’s, these ratings reflect China Re Group’s leading position in the domestic reinsurance market, deepening overseas business layout and sound capital position, and also reflect China Re Group’s unique position as a state-owned reinsurance group and its important role in the development of China’s insurance industry.

　　Standard & Poor’s Global Ratings, one of the world’s three most authoritative credit rating agencies, has been engaged in rating business for more than 150 years, providing world-leading credit rating services globally. Its rating standards and rating results are widely recognized by the financial investment industry around the globe.