China Insurance Regulatory Commission (CIRC) News

FSB Examines ‘Too Big to Fail’ Insurers; CIRC Expands Insurers’ Investments

The Financial Stability Board said an extended version of its guidance on the resolution of systemically important banks will apply to non-bank financial institutions, such as Allianz SE and other large insurers. The Basel, Switzerland-based body set up by the …

China Insurance Watchdog Warns Sector of Cash Crunch, Low Returns

Some Chinese insurers may face a cash crunch this year as many policies mature, and as the sector faces sliding investment returns and rising costs, the China Insurance Regulatory Commission (CIRC) said. Insurance companies need to broaden their investment channels …

China Regulator Seeks Information on HSBC-Ping An Deal

China’s insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC’s planned sale of its $9.4 billion stake in China’s No.2 insurer to Thailand’s CP Group. The request comes amid concerns about the deal’s funding triggered by …