CBIRC Issues “Insurance Assets and Liabilities Management and Regulation Provisional Measures”

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China’s banking and insurance regulator has just issued new regulations on balance sheet management by the Chinese insurance sector.

The China Banking and Insurance Regulatory Commission (CBIRC) released the “Insurance Assets and Liabilities Management and Regulation Provisional Measures” (保险资产负债管理监管暂行办法) on 7 August, for the purpose of “further improving the insurance assets and liabilities management and regulatory system; strengthening category-based regulation, and strengthening hard restraints on assets and liabilities management and regulation.”

CBIRC said that the new Measures will be of “benefit to driving insurance companies to raise their ability to manage assets and liabilities, preventing asset and liabilities mismatch risk, and guiding model transitions in the insurance sector and stabilising prudential asset allocation.”

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