International professional services firm Deloitte has mapped out four major scenarios for the future of China's health ecosystem, namely, national infrastructure boom, precision healthcare innovation, thriving consumerisation, and smart population health.
The State Administration of Radio and Television and the Ministry of Culture and Tourism have issued jointly the Code of Conduct for live-streamers and online influencers who advocate products and services in professional fields.
P&C insurance companies closed down 489 branches or offices but opened 361 others in the period from 1 January to 21 June this year, according to data from the CBIRC. Thus, in the year to date, the network of non-life insurers has shrunk by 128 outlets.
The PICC Group's Hong Kong unit --The People's Insurance Company of China (Hong Kong) [PICC HK] -- has established an insurance broker in the territory, after obtaining approval for a broking licence earlier this year.
China's largest non-life insurer, PICC Property & Casualty, and the Pricing Department of the National Development and Reform Commission have signed a strategic cooperation agreement to work together on investigations into agricultural product costs and to build jointly a new platform and new model to safeguard food security and protect agriculture, rural areas and farmers.
Yingda Taihe Property Insurance has changed its capital increase plans following a lapse of one year. No mention was made of any update on a previous plan to go for a stock exchange listing.
The chairman and general manager of the non-life insurer, Funde Property & Casualty Insurance, have been dismissed from their posts on the same day, a move which is unusual in the insurance market.
Robust growth rates in key products including crop and livestock contributed to the expansion in premium income in 2021 for Zhongyuan Agricultural Insurance Co (ZYIC), AM Best points out.
The crisis involving Chinese property developers has affected insurance companies in an indirect way. The latest such case involves Asia Pacific P&C Insurance Co which says in a statement that its majority shareholder's 51% stake in the insurer has been frozen by the courts.
China has launched a new strategic plan to enhance its climate resilience, putting emphasis on adaptation and mitigation in the face of global climate change. China had first issued a national climate change adaptation strategy in 2013.