Tuesday, January 19, 2021
Tags Chinese insurance

Tag: Chinese insurance

CBIRC to Directly Regulate 39 Chinese Life Insurance Companies

The China Banking and Insurance Regulatory Commission (CBIRC) has unveiled plans to shake up the regulation of the country's life insurance sector....

CBIRC Warns Chinese Insurers against Arbitrary Expansion of Their Services Scope

Chinese regulators are intent on ensuring that insurance companies stick to their lane amidst a broader push to contain risk in the...

CBIRC Issues New Rules for Internet Insurance Operations, Encourages Big Data and Blockchain Usage

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued new regulations that target risk issues in the online insurance sector,...

CBIRC Cancels Registration Regulation for Investment Management Capabilities of Chinese Insurance Agencies

China's top insurance regulator has announced major changes to its regulatory model for the investment management capabilities of domestic insurance agencies.

China’s Banking Regulator Unveils Three Year Plan to Improve Corporate Governance, CCP to Play Greater Role

The China Banking and Insurance Regulatory Commission (CBIRC) has just released a multi-year plan for improving corporate governance in the banking and...

Beijing to Set Minimum Core Solvency Adequacy Ratio of 50% for Chinese Insurers

The Chinese central government has unveiled plans to mandate that the country's insurers must have a core solvency adequacy ratio of no...

Alipay’s Insurance Platform Provides Policies for House Pets Using Biometric Nose Print Technology

Alipay is using biometric technology based on the unique nose prints of house pets to help to provide insurance policies for them...

China Cancels Key Restrictions on Investment of Insurance Funds

China's State Council has just flagged the loosening of key restrictions on the investment activities of insurance funds.

Alibaba Enters 700 Million Yuan Cloud Computing Deal with China Insurance Group

Alibaba has just entered the biggest ever deal for the development of a cloud computing platform in the Chinese financial sector.

China’s Banking and Insurance Sectors Made IT Investments of USD$29 Billion in 2019

China's banking and insurance sectors significantly beefed up their IT resource investments in 2019, amidst a push from regulators for improvements to...

Most Read

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...