Dajia Property & Casualty (P&C) Insurance has announced that it plans to increase its registered capital by CNY1.5bn ($215m). Following the increase, Dajia P&C's registered capital will reach CNY5.5bn.
Fuzhou-based Sunrise Group has announced its withdrawal from participating in the establishment of Straits Life Insurance Co. Despite being proposed in August 2016, the life insurer has never obtained final regulatory approval.
The Beijing Branch of reinsurer Munich Re has appointed Eric Zhao as its new CEO, according to a press release issued on 29 December. His appointment took effect on 1 January 2026. Mr Zhao reports to Munich Re's CEO Life & Health in Greater China Steve Zhang.
China will initiate more reforms to protect the rights of flexible workers and those involved in new forms of employment to promote high-quality and fuller employment and maintain social stability.
Guangdong vehicles have for the first time been allowed to enter Hong Kong's urban areas. The Southbound Travel for Guangdong Vehicles (Entry into Urban Area) scheme commenced on 23 December.
The National Financial Regulatory Administration (NFRA) has issued regulations governing the information disclosure practices of banks and insurance companies in relation to asset management, to strengthen the protection of investors' legitimate rights and interests.
The National Financial Regulatory Administration (NFRA) has proposed for the first time that insurance companies establish asset-liability management (ALM) departments.
The scale of the life reinsurance business of Qianhai ReinsuranceCo (QHR) has declined since 2023, due to the downsizing of financial reinsurance business, which in turn was because of changes in regulations and market demand.
The Ministry of Industry and Information Technology has issued the first batch of L3 conditional autonomous driving licences, marking a transition from the testing to the early-stage commercialisation of autonomous vehicles.
New energy vehicle (NEV) ownership in China has continued to climb this year, with sales reaching 14.8m units in the first 11 months, up 31.2% year on year. Alongside this surge, NEV insurance premiums have expanded rapidly.