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China tag returned 3130 results

  • CBIRC aims to ferret out insurers' underlying investment assets to curb risks

    The CBIRC is seeking feedback on draft regulations to implement Phase 2 of China Risk Oriented Solvency System II (C-ROSS II), that among things, would help the regulator get to the bottom of the underlying assets in which insurers invest that are obscured by financial manoeuvres or arrangements such as nesting.

    China | 22 Jan 2021
  • 5 major A-share listed insurers' premiums slow in 2020 despite explosive health insurance growth

    The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.49tn ($385bn) in 2020, an increase of 3.65% compared to 2019.

    China | 22 Jan 2021
  • Regulator to update and publish regularly "negative list" for life insurance products

    The life insurance supervision department of the CBIRC has established a new "negative list" for life insurance products in order to further regulate the product development and management at life insurance companies, curb life insurance product risks, and protect the interests of consumers.

    China | 22 Jan 2021
  • Locally listed companies increase demand for D&O liability cover

    The number of A-share listed companies that purchased D&O liability insurance in 2020 for the first time was 170. This number was almost half the 400 A-share listed companies with D&O insurance as of the end of 2019, showing that demand for the cover jumped significantly.

    China | 22 Jan 2021
  • Mutual health assistance platform exits market

    China's leading on-demand food delivery firm Meituan has announced that it is to shut down its mutual aid platform, which offers financial aid for medical treatment by getting members to club together and share expenses equally, as regulators toughen their stance on the overextension of Internet-based giants into peripheral fields that lack regulation.

    China | 22 Jan 2021
  • Ant Group loses head of insurance department

    The general manager of Ant Group's insurance business department has quit to work for traditional insurer Sunshine Property and Casualty Insurance amid growing uncertainty over the future of the firm's online insurance operations, Shanghai Securities News has reported.

    China | 22 Jan 2021
  • Pandemic outbreak ranks as top risk in China

    Pandemic outbreak continues to appear on the Top 10 risks facing China, jumping to become the No. 1 risk this from its seventh position in 2020, according to the Allianz Risk Barometer 2021.

    China | 22 Jan 2021
  • Couples deterred from having second child by high cost of raising kids

    Several polls have shown one main reason that couples in China are reluctant to have more than one child is the high cost of raising children, says Yuan Xin, a professor at the Institute of Population and Development of Nankai University.

    China | 22 Jan 2021
  • China: Central bank's poll shows more wish to increase savings

    China's urban residents showed a strong willingness to save more in the coming months and a declining appetite for consumption and investment, according to the latest survey from the country's central bank, the People's Bank of China (PBOC).

    Asia | 22 Jan 2021
  • China: Pension system reform seen as imperative

    The structural reform of China's pension system is imperative, and the country's aging population will be propelling an increase in demand for pension funds to be allocated to investments with sustainable returns and alternative solutions that provide long-term benefits, according to Ms Dong Mei, a partner and the head of Aged Care in KPMG China.

    Asia | 19 Jan 2021


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