China's insurance sector has raised nearly CNY16tn (about $2.43tn) for the real economy, the country's banking and insurance regulator has said.
China's four-year-old market-oriented debt/equity swap (DES) programme will reach a milestone in the next two years when many inaugural transactions under this programme will conclude, notes Moody's Investor Service. The success of the programme will decide its viability as a channel for corporate deleveraging, which is a key financial system challenge in China.
The CBIRC has issued a negative list prohibiting insurers from investing in unlisted companies involved directly in real estate development as well as other scenarios.
The CBIRC has issued new rules on financial equity investment by insurance companies aimed at removing restrictions on the economic sectors in which insurers can undertake financial equity investment in unlisted companies.
Samsung Fire & Marine (SFMI) announced yesterday that it has adopted a plan to stop insuring new coal projects, making it reportedly the first Asian insurer to do so.
Singapore's retirement system retains its top spot in Asia, ranking seventh out of 39 retirement systems, according to the 12th annual Mercer CFA Institute Global Pension Index, a study of retirement income systems across the globe, covering almost two-thirds of the world's population.
Japanese P&C insurers' adoption of environmental, social and governance (ESG) initiatives is a long-term positive, but faces near-term hurdles in the form of legacy practices that undermine their flexibility in managing evolving trends, says Moody's Japan KK in a new report.
As the demand for alternative investment products rise in China, China US$ credits are often one of the first port of call for onshore investors seeking US$ exposures while staying with companies they are familiar and comfortable with.
Being financially resilient is key to prepare for a more secure future. Zurich Takaful has introduced Takaful ProInvest, an investment-linked plan that is designed to optimise savings and investments, to help Malaysians plan for a better future and a comfortable retirement.
HSBC has launched an improved fund administration solution for Asia-based insurance companies, after onboarding HSBC Life, its Hong Kong insurance business.