CBIRC relaxes requirements for insurers to invest in trust plans
Trivium
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…
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Insurance (General)
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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 …
CBIRC optimizes ABS issuance procedures
The policy simplifies the process for insurers’ asset management companies to issue ABS. CBIRC approval to issue ABS will be needed…
CBIRC optimizes ABS issuance procedures
The policy simplifies the process for insurers’ asset management companies to issue ABS. CBIRC approval to issue ABS will be…
CBIRC holds symposium on SME lending in Taizhou
That financial institutions should do more to support SMEs has been regulators’ main message for the past year. All financial institutions – including insurance companies – should emphasize…
Zhao Rulin under investigation
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CBIRC to create new company to take over Anbang assets
The establishment of Dajia marks a major step in the government’s efforts to restructure – and eventually divest itself of – Anbang. Creating a new entity that does not …
Cinda plans to sell its shares in Happy Life Insurance
On June 11, Cinda issued a notice stating that it intends to sell its 51% equity interest in Happy Life Insurance by way of …
Insurance connect inches forward
Finance officials in Shenzhen have indicated to us that insurance will be the first sector within financial services to pilot cross-border operations. Increased connectivity between the Hong Kong and mainland insurance sectors should be…