News Regulations27 May 2020

China:New rules on credit and guarantee insurance will help reduce default risk -- Moody's

27 May 2020

A new regulation on credit and guarantee insurance, issued by the CBIRC on 19 May, tightens requirements on insurers' capital and operations, which would help reduce the risk of significant losses from default to insurers in the global economic downturn amid the coronavirus pandemic, says Moody's Investors Service.

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