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China tag returned 1694 results

  • Beijing urges removal of barriers to financing private enterprises

    The General Office of the Communist Party Central Committee and the General Office of the State Council yesterday jointly issued a statement on boosting financial services to the private sector, which is a vital contributor to the Chinese economy and which is currently struggling with debt guarantee tangles.

    China | 15 Feb 2019
  • Discount rates and stock market decide life insurers' profits in 2018

    Life insurers in China saw premium income rise by 0.85% to 2.63trn ($388bn) last year but their combined profits are estimated to have surged by 22% to CNY169.8bn for the whole year.

    China | 15 Feb 2019
  • Authorities seek info on insurers' exposure to local governments

    Insurance companies in China have been conducting internal risk reviews focussing on their investment exposures to local governments, including whether the instruments in which they have invested are currently in default or expected to be so.

    China | 15 Feb 2019
  • Health experts name 20 most important, preventable health problems in China

    A group of top Chinese medical and health experts have identified the 20 most important and most preventable health problems of the next 20 years in China.

    China | 15 Feb 2019
  • Authorities mull ways for insurers to join hands with trust companies

    The CBIRC is considering modifying the conditions under which insurance companies can cooperate with trust companies that have been barred from operations because they had been subjected to administrative action.

    China | 15 Feb 2019
  • Govt says agricultural reinsurer to be established

    Five government bodies earlier this week issued a joint statement, entitled "Guiding Opinion on the Revitalisation of the Rural Sector through Financial Services", that stated that an agricultural reinsurance company is to be established, so as to improve the agricultural reinsurance system.

    China | 15 Feb 2019
  • Foreign life ventures outpace local rivals in growth in 2018

    Foreign owned life insurance ventures in China last year raced ahead with a creditable 10% increase in gross premiums, faster than the overall market which saw life insurers posting an increase in premium income of 0.85%, according to data from the CBIRC.

    China | 15 Feb 2019
  • Universal life insurance business bounces back in 2018

    Universal life insurance business, which plunged in 2017 following a regulatory crackdown on short-term high-returns products, rebounded in 2018. According to the latest data released by the CBIRC, new premiums for investment-type life products (mainly universal insurance) reached CNY795.4bn ($117.5bn) in 2018, a significant increase of 35% over 2017.

    China | 15 Feb 2019
  • Regulator looks into spread risk in annuity products

    The Life Insurance Department of the CBIRC plans to study the annuities operations of life insurers, so as to improve supervision of life insurance products. The industry believes that this move by the regulator is a precautionary measure to prevent the risk of spread loss.

    China | 15 Feb 2019
  • 80% of life insurers have less than 1% market share each

    Among the 91 life insurance entities operating in the Chinese market last year, 72 had a market share of less than 1% each of total industry premiums of CNY3.45trn ($510bn), including GWPs and new premiums and deposits arising sales of investment related policies.

    China | 15 Feb 2019

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