CBIRC to create new company to take over Anbang assets
Trivium
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 …
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Insurance (General)
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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…
CBIRC likely to allow insurance firms more latitude to invest in equities
This is in part to channel more money to companies in an effort to combat the economic slowdown. It is also part of larger efforts to reduce …
CBIRC assess solvency stats
This marks the first improvement in solvency ratios in three years, implying that the sector is finally turning around following the drive to …
CBIRC seeking opinions on new draft of insurance agency regulations
China has effectively frozen approvals for new insurance intermediaries since August 2018. These measures are likely to …
Notice on further promoting the Facilitation of Capital Settlment of Insurance Companies
The new rules will allow insurance companies to exchange foreign currencies without approval for transactions of under …
Ma Xingrui promises to push ahead with integration
It shouldn’t surprise anyone that Guangdong officials are pulling out all the stops to make an integrated GBA a reality. As one of Beijing’s key initiatives at the moment, local government…
CBIRC approved increases in registered capital of six insurance companies
On May 31, the CBIRC approved an increase in registered capital of six insurance companies: …
MoF cuts taxes for life insurers
The new policy should be a major boon to the bottom line of life insurers, who typically spend a lot on handling charges and commissions. The insurance industry has …