| Finance and Insurance |
 At
present, there are several financial institutions in Tibet,
such as the stations of central bank, and the branch offices
of China Agriculture Bank ( representing Industry and Commerce
Bank), Bank of China, China Construction Bank, Tibet Autonomous
Region Trust and Investment Co., and City Trust Agency, as well
as postal savings service. The people engaged in financial service
are around6,000. The number of financial institutes are around
600. They cover all the cities, towns, agricultural locations
and ranches in the region. The services provided are similar
to those in the central part of the country. The Central Government
has given a series of favorable financial policies to Tibet
on the interest rate of loans and the lowered insurance cost.
From 1994 to the end of 1998, the lowered interest rate of loan
totaled 600,000,000 RMB, and the reduction of insurance cost
totaled 100,000,000 RMB. The interest could be transformed into
investment amounting to 25,000,000 RMB for the industrial and
c ommercial
enterprises in the region, which played an important role in
the development of the social economy and the stability of the
social situation in Tibet. Tibet Branch of People's Insurance
Corporation of China ( PICC) is responsible for the property
insurance in the region. At present, it has five offices in
the region: the Region Office, Rikaze Office, Changdu Office,
Linzhi Office, and Germu Office. It has representatives in Shannan,
Naqu and Ali. The insurance covers over eighty items such as
motor vehicles, enterprise property, household insurance, cargo
insurance, construction safety
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