The Financial Supervisory Commission (FSC) has proposed relaxing restrictions on discretionary investment arrangements by insurance companies to invest in interested parties.
The Irish Stock Exchange (Euronext Dublin) is the largest listing venue for global sukuk outstanding in hard currencies, covering 38% of global sukuk at end-3Q2024 (3Q2023: 41%), with the London Stock Exchange (LSE) and Nasdaq Dubai not far behind, Fitch Ratings says.
More than 50 regulations will be relaxed within two years, as part of a government plan transform Taiwan into Asia's asset management centre, according to the chairman of the Financial Supervisory Commission (FSC), Mr Peng Jin-long.
The establishment of two new insurance entities with globally-known foreign investors have been approved by the National Financial Regulatory Administration (NFRA).
Two major insurance companies in Taiwan are eyeing investments in the renewable energy sector.
The Commission for the Organisation and Supervision of Stock Market Operations (Cosob), which monitors the securities market in Algeria, has proposed to public authorities to explore the possibility of insurance companies serving as intermediaries in the stock market.
Chinese P&C insurers are increasing government bond allocations and reducing capital requirements for credit risks, says Mr Frank Yuen, VP senior credit officer at Moody's Ratings.
Insurance giant Ping An has established a CNY10bn ($1.4bn) fund with Shenzhen Guidance Fund, a venture capital fund controlled by the Shenzhen government.
Asia Pacific insurers are reducing their exposure to equity or credit risks, while increasing capital allocations to diversified business growth, says Mr Frank Yuen, VP senior credit officer at Moody's Ratings.
The People's Bank of China (PBOC), the country's central bank, announced yesterday that it would start accepting applications from non-bank financial institutions to join a newly created funding scheme, to boost the stock market.