The new materials have been developed and developed, but no users have dared to buy the new materials, because the new technology is not necessarily mature and reliable, and the first trial should be done in case of an accident. This kind of risk aversion makes the development of new material industry in China face the market bottleneck. Now, the bottleneck is expected to be cracked, the ministry of industry and information technology, the ministry of finance and the circ issued a notice on September 13, deciding to set up the first batch of insurance compensation mechanisms for new materials and carry out pilot work.
The first to eat crab will benefit
According to the notice, the ministry of industry and information technology (mii) will share new materials for China manufacturing 2025 and the military and people, and organize the preparation of the first batch of demonstration guidance catalogue of key new materials. The first batch of new materials is the new material products that users purchase in the first year using the same variety and technical specification parameters within the catalogue. The time the user first purchases new material in the "catalog" is to calculate the starting time of the first year. The company that produces the first batch of new materials is the support object of insurance compensation policy. Companies that use the first batch of new materials are beneficiaries of insurance.
Circ to be responsible for guiding the insurance company to provide customized new material liability insurance products, product quality and safety of underwriting new material quality risk, liability risk, guarantee for the new material quality defects caused by the contract and the user enterprise risk, replacement or return, and the user enterprise resulting from defects of new materials and contract risk of property damage or loss of life or personal injury occurred.
Up to 500 million yuan in government subsidies
The limitation of liability for the first batch of new materials will be determined based on the amount of the purchase contract and the loss of liability resulting from the product. In principle, the government subsidy limit shall not exceed five times the contract amount, and the maximum shall not exceed 500 million yuan, and the insurance rate shall be no more than 3%.
The circ will make clear with the ministry of industry and information technology and the ministry of finance of the list of insurance market entities participating in the pilot program. Eligible insurance companies can apply for the central government subsidy subsidy, and the subsidy amount shall be 80% of the annual premium. The term of insurance is one year, and the enterprise may renew the insurance according to the need. The time of subsidy shall be calculated according to the time of insurance, in principle not more than 3 years. The premium subsidy is arranged through the budget of the ministry of industry and information technology (made in China 2025).
Application premium subsidy funds of enterprises, must be registered in China, with independent legal person qualification, engaged in new materials listed in catalogue of the products, apply for premium subsidies have products of core technology and intellectual property rights, and has the strong ability of development and industrialization, and the technical team.
The declaration of premium subsidy will start this year
In accordance with the notice, the application for premium subsidy funds will be organized in accordance with the annual organization starting from 2017. Ministry in conjunction with the ministry of finance, insurance regulatory commission entrusted national new material industry development expert advisory committee on the application materials to the enterprise to assess, audit expert advice list, according to the regulations of the budget management arrangements and authorizing the premium subsidies.
The new material is considered one of the most promising areas of the 21st century. According to an analysis released by the China investment consulting industry research institute, China's new material industry has grown from 65 billion yuan in 2010 to 1.6 trillion yuan in 2014, with an average annual growth rate of 25 percent. More than 12,000 enterprises have been engaged in new material development nationwide.
The new material is directly related to the quality and production safety of downstream products such as electronic information and high-end equipment. Needs as long and new materials to enter the market early application of assessment and a lot of money, the downstream users first use there is a certain risk, led to "a material is bad to use, good material can't use" disconnect, innovation, production and application products application difficult.
Analysts believe that the ministry of industry, the ministry of finance, insurance regulatory commission jointly establish new material the first time the insurance mechanism, is expected to use of market-oriented means, application of new materials in the early market bottlenecks, activation and release of the effective demand for the new material products, the downstream industry to speed up the transformation of innovative achievements and application of new material enhance the overall development of the new material industry in China.