A senior Chinese insurance regulator warned against the industry’s reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities Times reported on Thursday. Chen Wenhui, vice chairman of the China Insurance Regulatory Commission …
China’s cabinet issued measures on Tuesday to further open the world’s second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will lower restrictions on foreign investment in banking, securities, investment management, futures, …
China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. The moves could ease some frustration among foreign firms over their …
Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman Chen Wenhui of the China Insurance Regulatory Commission (CIRC) …
The China Insurance Regulatory Commission (CIRC) has asked insurers to thoroughly assess business risks and strengthen their risk controls, the online financial magazine Caixin reported Wednesday, citing anonymous industry sources. China’s insurers have rapidly moved into risky investments in recent …
A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust products on June 30, surging …
