CBIRC strengthens on-site inspection framework

Chinese regulators continue to push for greater compliance across the financial industry as concerns about undisclosed problems mount in the wake of the Baoshang Bank takeover and similar issues at other regional banks. Regulators view onsite inspection, as well as building greater regulatory discipline…
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Hong Kong insurance connect placed on hold

Hong Kong’s on-going protests were also likely a factor in the decision to postpone the rollout of the insurance connect. The protests are already affecting Hong Kong’s insurance industry, with sales of Hong Kong insurance products to …
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CBIRC enhances supervision of affiliated parties

The CBIRC’s attempts to impose greater oversight on affiliated entities is in keeping with the broader efforts of financial regulators to disentangle the ambiguous relationships between parent companies and their subsidiaries. Such ambiguity has previously provided …
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CCCDR focuses on improving key financial infrastructure

The fact that the CCCDR discussed these issues highlights that top policymakers are still highly focused on improving the financial system – and ensuring that it does a better job of financing real economic growth. Foreign financial institutions operating in China should …
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CBIRC reviews Q2 solvency stats

Solvency in the insurance industry is beginning to stabilize after a three-year effort to clean up the sector. Another quarter of steady gains in the solvency adequacy ratio will likely underscore …
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Huize applies to IPO in New York

Despite a tough 2018 for many online insurance or insurance-related companies in China, such companies are set to continue to proliferate over the coming years – adding a new layer of …
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