Wednesday, October 21, 2020
Tags Chinese insurance

Tag: Chinese insurance

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...

CBIRC Says Impact of COVID-19 on China’s Banking Sector under Control Despite Rise in Non-performing Loans

The China Banking and Insurance Regulatory Commission (CBIRC) says that the ongoing spread of the COVID-19 pandemic will have a limited impact...

CBIRC Releases New Asset Management Rules for Insurance Sector

China's insurance authority has released new regulations for asset management products in the insurance sector.

Sinatay Life Insurance Posts 33.5% YoY Rise in Compensation Pay Outs in 2019

Hangzhou-based Sinatay Life Insurance Co., Ltd. (信泰人寿保险股份有限公司) saw a sharp rise in pay outs in 2019.

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Digital Renminbi Will Enable Precision Control of Money Supply: Ex-Bank of China Head

Li Lihui (李礼辉), former head of the Bank of China and current head of blockchain research at China's National Internet Finance Association,...

Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...