S&P becomes first foreign agency to issue ratings in China
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It will be an uphill battle for S&P to grow its bond rating business in China. Issuers that would likely be rated lower by the foreign firm…
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Insurance (General)
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Guangdong accelerates GBA development
While many of the initiatives have been put forward in other GBA planning documents, the timeline of the reforms looks to be accelerated…
CBIRC considers widening insurers ability to invest in equities
Regulators have been considering such a move for at least a month.
CBIRC considers widening insurers ability to invest in equities
The move also reflects the gradual, ongoing loosening of the insurance sector’s ability to manage assets in a variety of ways – both to increase returns in the sector and to allow…
Insurers increase capital by RMB 76 billion in H1
These capital increases are in response to tighter supervisory requirements, new accounting standards, increased risk management needs, and…
Hong Kong auditors get access to mainland documents
This looks like a positive step towards clearing a longstanding hurdle that foreign firms have had in auditing mainland companies; however, it’s unclear how…
CBIRC relaxes requirements for insurers to invest in trust plans
The move signals regulators’ confidence in the stability of the insurance sector.
CBIRC relaxes requirements for insurers to invest in trust plans
This is a further sign that regulators feel more comfortable that they have the insurance sector under better control. It follows from other moves in recent months, such as…
New China Life appoints new CEO
On June 28, New China Life Insurance Co. Ltd. announced that Li Quan will take over as CEO. The position had been vacant since former CEO Wan Feng resigned…
Liu Haoling expected to be appointed New China Life Insurance Chairman
Liu is currently serving as director at the Legal and Compliance Department at China International Capital Corporation (CICC). He has previously worked at Central Huijin Investment Co., Ltd. and …