Monday, October 26, 2020
Tags Chinese insurers

Tag: Chinese insurers

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...

China Loosens Regulations Governing Foreign Invested Banks and Insurers

The Chinese central government has released amended versions of its regulations for foreign invested banks and insurers that loosen conditions for their...

Executive Equity Holdings in Chinese Banks and Insurers Rise $16.9M in 2019

Equity in Chinese banks and insurance companies held by senior executives has seen a sizeable increase since the start of 2019.

CBIRC Targets Affiliate Transactions in Insurance Sector, Use of Insurers as “ATM’s”

The China Banking and Insurance Regulatory Commission (CBIRC) is cracking down on illicit affiliate transactions within the Chinese insurance sector.

Insurers Hit with Nearly 35mn Yuan in Fines over July and August

The China Banking and Insurance Regulatory Commission (CBIRC) is stepping up its scrutiny of domestic insurers with hefty penalties dispensed over the past two...

Banks, Insurers and Tech Giants Dominate China’s Most Profitable Companies

The latest China Fortune 500 list indicates that the ranks of the country's ten most profitable companies are dominated by commercial banks, insurance companies...

CBIRC Commits to Higher Foreign Investment Ceiling for Chinese Financial Institutions

The China Banking and insurance Regulatory Commission (CBIRC) says it will ensure that measures to raise the ceiling on foreign ownership of key financial...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...