News China19 Aug 2022

Insurers to be allowed to issue perpetual bonds wef 9 Sep

| 19 Aug 2022

From 9 September, insurers will be able to issue perpetual bonds to boost their capital, the CBIRC and the People's Bank of China (PBOC) say in a jointly-issued "Notice on Matters Concerning the Issuance of Perpetual Bonds by Insurance Companies". The objective is to widen insurers' capital replenishment channels and boost solvency and resilience to risk.

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