News China22 Jan 2021

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

| 22 Jan 2021

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.

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